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NICHIDEN Corporation, First Half Ordinary Profit Decreases by 8%, July-September Ordinary Profit Decreases by 24%

Tue Nov 5, 2024 3:00 pm JST Earnings

9902 NICHIDEN Corporation 【J-GAAP】

Earnings Report

NICHIDEN Corporation <9902> [TSE-P] announced its financial results in the afternoon session on November 5th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 8.1% from the same period last year to 3.01 billion yen. The progress rate against the 6.5 billion yen full-year plan was 46.4%, almost the same as the five-year average of 46.4%.

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 grow by 10.6% from the same period last year, reaching 3.48 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.26 billion yen, a 23.9% decrease compared to the same period last year. The operating profit margin worsened from 4.9% in the same period last year to 4.5%.

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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 65,380 3,124 3,518 2,418 77.0 52.1 Nov 2, 2022 J-GAAP
Apr - Sep, 2023 62,450 2,854 3,283 2,514 80.8 51.0 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 64,944 2,911 3,018 2,020 67.4 46.4 Nov 5, 2024 J-GAAP
YoY +4.0% +2.0% -8.1% -19.6% -16.6%

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 66,000 2,900 3,100 2,200 74.5 30 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 64,944 2,911 3,018 2,020 67.4 30 Nov 5, 2024 J-GAAP
Revision Rate -1.6% +0.4% -2.6% -8.2% -9.6%

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 64,462 2,955 3,148 2,160 70.2 65 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 69,056 3,189 3,482 2,680 90.8 35 Nov 5, 2024 J-GAAP
YoY +7.1% +7.9% +10.6% +24.1% +29.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 131,609 6,287 6,756 4,967 158.2 65 May 9, 2023 J-GAAP
Mar, 2024 126,912 5,809 6,431 4,674 151.8 65 May 8, 2024 J-GAAP
Mar, 2025 Guidance 134,000 6,100 6,500 4,700 159.2 65 May 8, 2024 J-GAAP
YoY +5.6% +5.0% +1.1% +0.6% +4.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 31,052 1,526 1,666 1,441 46.3 4.9 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 32,209 1,699 1,729 1,163 37.6 5.3 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 32,253 1,256 1,419 997 32.4 3.9 May 8, 2024 J-GAAP
Apr - Jun, 2024 32,598 1,455 1,747 1,172 38.8 4.5 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 32,346 1,456 1,271 848 28.3 4.5 Nov 5, 2024 J-GAAP
YoY +4.2% -4.6% -23.7% -41.2% -38.9%

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