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Shinnihonseiyaku, First Half Ordinary Profit Increases by 22%

Tue May 13, 2025 3:30 pm JST Earnings

4931 Shinnihonseiyaku Co., Ltd. 【J-GAAP】

Earnings Report

Shinnihonseiyaku Co., Ltd. <4931> [TSE Prime] announced its financial results after the market closed on May 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) increased 21.9% from the same period last year, reaching 2.54 billion yen, exceeded the previous forecast of 2.12 billion yen.

The progress rate toward the full-year plan of 4.52 billion yen was 56.2%, also surpassing the five-year average of 42.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the April to September period (2H) is expected to decrease 2.0% from the same period last year to 1.98 billion yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit grew 8.2% from the same period last year, reaching 0.98 billion yen. The operating profit margin improved from 9.4% in the same period last year to 10.2%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Oct - Mar, 2022 18,250 1,467 1,467 980 45.6 39.4 May 9, 2023 J-GAAP
Oct - Mar, 2023 19,656 2,076 2,083 1,402 65.1 50.8 May 13, 2024 J-GAAP
Oct - Mar, 2024 20,282 2,533 2,540 935 44.0 56.2 May 13, 2025 J-GAAP
YoY +3.2% +22.0% +21.9% -33.3% -32.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 20,350 2,110 2,120 1,460 69.1 0 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 Results 20,282 2,533 2,540 935 44.0 0 May 13, 2025 J-GAAP
Revision Rate -0.3% +20.0% +19.8% -36.0% -36.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 20,387 2,100 2,020 1,393 64.6 45 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 Guidance 21,718 1,967 1,980 2,165 102.4 52 May 13, 2025 J-GAAP
YoY +6.5% -6.3% -2.0% +55.4% +58.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 37,653 3,754 3,721 2,394 111.4 33 Nov 7, 2023 J-GAAP
Sep, 2024 40,043 4,176 4,103 2,795 129.7 45 Nov 12, 2024 J-GAAP
Sep, 2025 Guidance 42,000 4,500 4,520 3,100 146.7 52 Nov 12, 2024 J-GAAP
YoY +4.9% +7.8% +10.2% +10.9% +13.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 9,715 909 912 619 28.7 9.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 9,950 1,154 1,128 767 35.6 11.6 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 10,437 946 892 626 29.1 9.1 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 10,471 1,529 1,553 1,036 48.6 14.6 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 9,811 1,004 987 -101 -4.8 10.2 May 13, 2025 J-GAAP
YoY +1.0% +10.5% +8.2% － －

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