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Nitori Holdings Co., Ltd., First Half Ordinary Profit Increases by 7%, July-September Ordinary Profit Increases by 5%

Wed Nov 6, 2024 3:30 pm JST Earnings

9843 Nitori Holdings Co., Ltd. 【J-GAAP】

Earnings Report

Nitori Holdings Co., Ltd. <9843> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.5% from the same period last year, reaching 60.6 billion yen. However, The progress rate against the 134 billion yen full-year plan was 45.2%, almost the same as the same period of the previous year of 43.0%.

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 decrease by 2.8% from the same period last year to 73.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 5.1% from the same period last year, reaching 24.5 billion yen. However, the operating profit margin decreased from 11.2% in the same period last year to 11.0%.

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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
Mar - Aug, 2022 Changed 423,072 69,045 70,430 51,462 91.1 48.9 Sep 30, 2022 J-GAAP
Apr - Sep, 2023 416,814 55,173 56,921 38,043 67.3 43.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 447,117 64,274 64,082 45,408 80.4 47.8 Nov 6, 2024 IFRS
YoY － － － － －

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 456,100 56,700 58,500 40,200 71.1 15.20 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 447,117 64,274 64,082 45,408 80.4 15.20 Nov 6, 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 478,985 72,552 75,456 48,480 85.8 14.40 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 512,883 65,326 69,918 46,592 82.5 15.20 Nov 6, 2024 J-GAAP
YoY +7.1% -10.0% -7.3% -3.9% -3.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 Changed 948,094 140,076 144,085 95,129 168.4 29.20 May 9, 2023 J-GAAP
Mar, 2024 895,799 127,725 132,377 86,523 153.1 29.40 May 14, 2024 J-GAAP
Mar, 2025 Guidance 960,000 129,600 134,000 92,000 162.8 30.40 May 14, 2024 J-GAAP
YoY +7.2% +1.5% +1.2% +6.3% +6.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 198,310 22,200 23,403 15,130 26.8 11.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 246,932 42,692 44,347 30,492 54.0 17.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 232,053 29,860 31,109 17,988 31.8 12.9 May 14, 2024 J-GAAP
Apr - Jun, 2024 233,400 37,138 37,641 26,753 47.4 15.9 Aug 7, 2024 IFRS
Jul - Sep, 2024 213,717 27,136 26,441 18,655 33.0 12.7 Nov 6, 2024 IFRS
YoY － － － － －

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