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NIHON TRIM.,CO.LTD., July-September (2Q) Ordinary Profit Decreases by 3%

Tue Nov 12, 2024 3:30 pm JST Earnings

6788 NIHON TRIM.,CO.LTD. 【J-GAAP】

Earnings Report

NIHON TRIM.,CO.LTD. <6788> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 10.5% from the same period last year, reaching 1.94 billion yen. The progress rate against the 3.7 billion yen full-year plan was 52.7%, it was below the five-year average of 73.8%.

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 October to March period (second half) is expected to grow by 19.7% from the same period last year, reaching 1.75 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.13 billion yen, a 3.2% decrease compared to the same period last year. The operating profit margin decreased from 20.0% in the same period last year to 18.4%.

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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
Apr - Sep, 2022 9,081 1,220 1,294 847 110.6 51.5 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 10,452 1,686 1,764 1,193 155.8 54.7 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 11,361 1,856 1,949 1,306 170.4 52.7 Nov 12, 2024 J-GAAP
YoY +8.7% +10.1% +10.5% +9.5% +9.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 11,250 1,720 1,790 1,260 164.4 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 11,361 1,856 1,949 1,306 170.4 0 Nov 12, 2024 J-GAAP
Revision Rate +1.0% +7.9% +8.9% +3.7% +3.7%

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 9,962 1,394 1,463 957 124.9 85 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 11,439 1,714 1,751 1,164 151.9 95 Nov 12, 2024 J-GAAP
YoY +14.8% +23.0% +19.7% +21.6% +21.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,951 2,378 2,515 1,646 214.8 120 May 11, 2023 J-GAAP
Mar, 2024 20,414 3,080 3,227 2,150 280.5 85 May 14, 2024 J-GAAP
Mar, 2025 Guidance 22,800 3,570 3,700 2,470 322.3 95 May 14, 2024 J-GAAP
YoY +11.7% +15.9% +14.7% +14.9% +14.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,656 1,132 1,172 768 100.3 20.0 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 5,166 786 816 517 67.5 15.2 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 4,796 608 647 440 57.4 12.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,459 772 814 568 74.2 14.1 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 5,902 1,084 1,135 738 96.3 18.4 Nov 12, 2024 J-GAAP
YoY +4.3% -4.2% -3.2% -3.9% -4.0%

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