kabutan

NIPPON SEIKI CO.,LTD., First Half Net Income Decreases by 55%

Mon Nov 11, 2024 3:30 pm JST Earnings

7287 NIPPON SEIKI CO.,LTD. 【IFRS】

Earnings Report

NIPPON SEIKI CO.,LTD. <7287> [TSE-S] announced its financial results (based on IFRS) after the market closed on November 11th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 55.3% from the same period last year to 750 million yen. The progress rate against the 6.6 billion yen full-year plan was 11.4%, also falling below the same period of the previous year of 31.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 61.5% from the same period last year, reaching 5.85 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a profit of profit of 554 million yen (compared to a loss of 1.29 billion yen in the same period last year). However, the operating profit margin worsened from 3.3% in the same period last year to 1.7%.

Kabutan News

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 127,954 -250 1,313 -1,131 -18.8 20.6 Nov 7, 2022 IFRS
Apr - Sep, 2023 150,192 4,791 9,352 1,677 27.8 67.1 Nov 10, 2023 IFRS
Apr - Sep, 2024 152,447 3,445 2,368 750 12.7 ー Nov 11, 2024 IFRS
YoY +1.5% -28.1% -74.7% -55.3% -54.4%

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 ー ー ー ー － 25 May 15, 2024 IFRS
Apr - Sep, 2024 Results 152,447 3,445 2,368 750 12.7 25 Nov 11, 2024 IFRS
Revision Rate － － － － －

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 162,163 3,693 4,577 3,623 60.2 25 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 157,553 5,855 ー 5,850 102.0 25 Nov 11, 2024 IFRS
YoY -2.8% +58.5% － +61.5% +69.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 275,776 2,727 6,377 1,306 21.7 40 May 15, 2023 IFRS
Mar, 2024 312,355 8,484 13,929 5,300 88.0 45 May 15, 2024 IFRS
Mar, 2025 Guidance 310,000 9,300 ー 6,600 115.1 50 May 15, 2024 IFRS
YoY -0.8% +9.6% － +24.5% +30.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 75,795 2,486 4,782 -1,294 -21.5 3.3 Nov 10, 2023 IFRS
Oct - Dec, 2023 79,454 1,848 2,305 2,644 43.8 2.3 Feb 9, 2024 IFRS
Jan - Mar, 2024 82,709 1,845 2,272 979 16.3 2.2 May 15, 2024 IFRS
Apr - Jun, 2024 76,383 2,181 1,608 196 3.3 2.9 Aug 8, 2024 IFRS
Jul - Sep, 2024 76,064 1,264 760 554 9.4 1.7 Nov 11, 2024 IFRS
YoY +0.4% -49.2% -84.1% － －

Related Articles