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NICHIMO CO.,LTD., First Half Ordinary Profit Revised Downward to an Unexpected 0.1％Decrease

Fri Nov 8, 2024 4:00 pm JST Earnings

8091 NICHIMO CO.,LTD. 【J-GAAP】

Earnings Report

NICHIMO CO.,LTD. <8091> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.43 billion yen, a 0.1% decrease compared to the same period last year, resulting in a decrease in profits compared to the previous forecast of a 18.2% increase.

The progress rate against the 3.6 billion yen full-year plan was 39.9%, also falling below the five-year average of 49.4%.

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 expand by 92.5% from the same period last year, reaching 2.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.4% from the same period last year, reaching 632 million yen. The operating profit margin remained almost flat, changing from 1.7% in the same period last year to 1.9%.

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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 61,110 1,471 1,619 1,103 161.3 50.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 61,332 1,245 1,438 1,106 134.1 56.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 61,607 1,230 1,436 1,083 130.1 39.9 Nov 8, 2024 J-GAAP
YoY +0.4% -1.2% -0.1% -2.1% -3.0%

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 64,000 1,600 1,700 1,200 144.0 45 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 61,607 1,230 1,436 1,083 130.1 45 Nov 8, 2024 J-GAAP
Revision Rate -3.7% -23.1% -15.5% -9.8% -9.7%

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 66,424 775 1,124 1,243 149.9 45 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 73,393 2,170 2,164 1,517 182.1 45 Nov 8, 2024 J-GAAP
YoY +10.5% +180.0% +92.5% +22.0% +21.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 126,829 2,874 3,220 2,437 341.3 80 May 12, 2023 J-GAAP
Mar, 2024 127,756 2,020 2,562 2,349 283.2 90 May 10, 2024 J-GAAP
Mar, 2025 Guidance 135,000 3,400 3,600 2,600 312.0 90 May 10, 2024 J-GAAP
YoY +5.7% +68.3% +40.5% +10.7% +10.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 29,981 500 583 444 53.8 1.7 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 40,035 1,122 1,459 1,035 125.0 2.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 26,389 -347 -335 208 25.1 -1.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 30,297 648 804 632 75.9 2.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 31,310 582 632 451 54.2 1.9 Nov 8, 2024 J-GAAP
YoY +4.4% +16.4% +8.4% +1.6% +0.6%

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