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NIPPON THOMPSON, The Current Fiscal Year Ordinary Profit Revised Downward by 39%

Mon Feb 10, 2025 3:00 pm JST Earnings

6480 NIPPON THOMPSON CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON THOMPSON CO.,LTD. <6480> [TSE Prime] announced its financial results in the afternoon session on February 10th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 60.3% from the same period last year to 1.54 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 39.3%, from the previous forecast of 2.8 billion yen to 1.7 billion yen (compared to 4.52 billion yen in the previous period), leading to an increase in the profit decline rate from 38.1% to 62.4%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 64.7%, from the previous forecast of 1.7 billion yen to 0.6 billion yen (compared to 1.51 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 60.5% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.44 billion yen, a 49.6% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 7.3% in the same period last year to -2.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 52,129 7,486 8,290 5,753 80.9 79.1 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 42,139 3,035 3,888 2,267 31.9 85.9 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 40,289 910 1,544 8 0.1 90.8 Feb 10, 2025 J-GAAP
YoY -4.4% -70.0% -60.3% -99.6% -99.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 28,295 1,834 2,136 1,411 20.4 9.50 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 26,795 534 1,036 1,411 20.4 9.50 Feb 10, 2025 J-GAAP
Revision Rate -5.3% -70.9% -51.5% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 55,000 2,600 2,800 900 13.0 19 Nov 11, 2024 J-GAAP
Mar, 2025 New 53,500 1,300 1,700 900 13.0 19 Feb 10, 2025 J-GAAP
Revision Rate -2.7% -50.0% -39.3% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 26,567 1,124 1,518 1,088 15.4 9.50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 26,795 534 1,036 1,411 20.4 9.50 Feb 10, 2025 J-GAAP
YoY +0.9% -52.5% -31.8% +29.7% +32.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 68,260 9,459 10,479 7,469 104.9 19 May 15, 2023 J-GAAP
Mar, 2024 55,048 3,164 4,525 2,674 37.8 19 May 13, 2024 J-GAAP
Mar, 2025 Guidance 53,500 1,300 1,700 900 13.0 19 Feb 10, 2025 J-GAAP
YoY -2.8% -58.9% -62.4% -66.3% -65.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 13,658 995 881 681 9.6 7.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 12,909 129 637 407 5.8 1.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 13,006 212 952 -176 -2.6 1.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 13,699 554 -288 -335 -4.9 4.0 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 13,584 144 880 519 8.4 1.1 Feb 10, 2025 J-GAAP
YoY -0.5% -85.5% -0.1% -23.8% -11.9%

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