Shinnihon (1879) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, increased by 10.2% year-over-year to ¥54,619 million.

• Operating income decreased by 4.4% year-over-year to ¥6,295 million.

• Net income attributable to owners of parent declined by 5.2% year-over-year to ¥4,353 million.

Financial highlights

• Gross profit for the period was ¥8,575 million, nearly flat compared to ¥8,644 million in the prior year.

• Basic earnings per share for the six months was ¥74.44, down from ¥78.51 year-over-year.

• Comprehensive income decreased by 9.6% year-over-year to ¥4,297 million.

• Total assets as of September 30, 2024, were ¥163,291 million, down from ¥168,154 million as of March 31, 2024.

• Equity-to-asset ratio improved to 70.5% from 67.3% at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales forecast for fiscal year ending March 31, 2025, is ¥135,000 million, up 1.1% year-over-year.

• Operating income is projected at ¥17,700 million, a 0.7% increase year-over-year.

• Net income attributable to owners of parent is forecast at ¥12,300 million, up 0.1% year-over-year.

• Basic earnings per share for the full year is expected to be ¥210.29.