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NANSIN CO., LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Decreases by 71%

Fri Nov 8, 2024 4:00 pm JST Earnings

7399 NANSIN CO., LTD. 【J-GAAP】

Earnings Report

NANSIN CO., LTD. <7399> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 88 million yen (compared to a profit of 114 million yen in the same period last year).

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 surge by 3.3 times that of the same period last year, reaching 438 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 22 million yen, a 71.1% decrease compared to the same period last year. The operating profit/loss margin worsened from 2.0% in the same period last year to -0.4%.

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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 4,608 -40 -21 -89 -13.2 ー Nov 9, 2022 J-GAAP
Apr - Sep, 2023 4,132 81 114 63 9.4 46.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 4,733 -117 -88 -72 -11.0 ー Nov 8, 2024 J-GAAP
YoY +14.5% － － － －

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 － 10 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 4,733 -117 -88 -72 -11.0 10 Nov 8, 2024 J-GAAP
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 4,783 118 132 92 13.8 10 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,267 417 438 322 48.3 10 Nov 8, 2024 J-GAAP
YoY +10.1% +253.4% +231.8% +250.0% +249.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,808 208 329 593 87.7 20 May 12, 2023 J-GAAP
Mar, 2024 8,915 199 246 155 23.3 20 May 10, 2024 J-GAAP
Mar, 2025 Guidance 10,000 300 350 250 37.5 20 May 10, 2024 J-GAAP
YoY +12.2% +50.8% +42.3% +61.3% +60.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,070 41 76 66 9.9 2.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 2,338 81 89 63 9.5 3.5 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 2,445 37 43 29 4.4 1.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,187 -108 -110 -97 -14.6 -4.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,546 -9 22 25 3.8 -0.4 Nov 8, 2024 J-GAAP
YoY +23.0% － -71.1% -62.1% -61.5%

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