Nisshinbo (3105) Q3 2024 earnings summary

Executive summary

• Net sales for Jan–Sep 2024 were ¥349,804 million, down 12.1% year-over-year.

• Operating income declined 63.6% year-over-year to ¥3,916 million.

• Ordinary income fell 46.5% year-over-year to ¥8,351 million.

• Net income for the period was ¥2,952 million, recovering from a loss of ¥19,361 million in the prior year.

• Comprehensive income improved to ¥4,859 million from a loss of ¥3,867 million year-over-year.

Financial highlights

• Net sales decreased 12.1% year-over-year for the nine-month period.

• Operating income margin dropped significantly, with operating income down 63.6% year-over-year.

• Net income per share was ¥18.79, compared to a loss per share of ¥123.26 in the prior year.

• Shareholders’ equity at period end was ¥249,207 million.

Outlook and guidance

• Full-year net sales forecast revised to ¥485,000 million, a 10.4% year-over-year decrease.

• Operating income forecast for the full year is ¥15,000 million, up 20.5% from the previous forecast.

• Net income forecast for the full year is ¥10,000 million, with net income per share projected at ¥63.64.

• Dividend forecast remains unchanged at ¥36.00 per share for the year.