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NIPPO LTD., First Half Ordinary Profit Decreases by 11%, July-September Ordinary Profit Decreases by 6%

Tue Nov 5, 2024 12:30 pm JST Earnings

9913 NIPPO LTD. 【J-GAAP】

Earnings Report

NIPPO LTD. <9913> [TSE-S] announced its financial results at noon (12:30) on November 5th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 10.8% from the same period last year to 979 million yen. However, The progress rate against the 1.95 billion yen full-year plan was 50.2%, almost the same as the five-year average of 48.3%.

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 7.8% from the same period last year to 971 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 533 million yen, a 6.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 4.5% in the same period last year to 4.4%.

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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 18,606 929 905 590 65.0 48.4 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 20,215 939 1,097 755 84.6 51.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 22,116 839 979 672 74.8 50.2 Nov 5, 2024 J-GAAP
YoY +9.4% -10.6% -10.8% -11.0% -11.6%

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 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 22,116 839 979 672 74.8 0 Nov 5, 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 21,707 979 1,053 702 78.4 74 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,884 1,111 971 708 78.5 76 Nov 5, 2024 J-GAAP
YoY -8.4% +13.5% -7.8% +0.9% +0.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 38,886 1,912 1,871 1,269 141.1 33 May 12, 2023 J-GAAP
Mar, 2024 41,922 1,918 2,150 1,457 162.8 74 May 15, 2024 J-GAAP
Mar, 2025 Guidance 42,000 1,950 1,950 1,380 153.0 76 May 15, 2024 J-GAAP
YoY +0.2% +1.7% -9.3% -5.3% -6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,067 452 569 420 47.0 4.5 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 10,731 544 559 373 41.7 5.1 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 10,976 435 494 329 36.8 4.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 10,839 344 446 284 31.7 3.2 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 11,277 495 533 388 43.2 4.4 Nov 5, 2024 J-GAAP
YoY +12.0% +9.5% -6.3% -7.6% -8.2%

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