Nishio Holdings Co. Ltd. TSE:9699

Nishio : Consolidated Financial Results for the Six Months Ended March 31, 2025 (Under Japanese GAAP)

Published

Source: MarketScreener

DISCLAIMER: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

May 8, 2025

Consolidated Financial Results for the Six Months Ended March 31, 2025 (Under Japanese GAAP)

Company name: NISHIO HOLDINGS CO., LTD.

Listing: Tokyo Stock Exchange

Securities code: 9699

URL: https://nishio-grp.co.jp/ Representative: MASASHI NISHIO, PRESIDENT

Inquiries: KAZUO YOTSUMOTO, DIRECTOR(In Charge Of Administrative Departments) Telephone: +81-6-6251-7302

Scheduled date to file semi-annual securities report: May 12, 2025

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: None

Holding of financial results briefing: None

(Yen amounts are rounded down to millions, unless otherwise noted.)

  1. Consolidated financial results for the six months ended March 31, 2025 (from October 1, 2024 to March 31, 2025)

    Note: Comprehensive income For the six months ended March 31, 2025:

    ¥6,968 million

    [3.8%]

    For the six months ended March 31, 2024:

    ¥6,710 million

    [12.3%]

    1. Consolidated operating results (Percentages indicate year-on-year changes.)

      Net sales

      Operating profit

      Ordinary profit

      Profit attributable to owners of parent

      Six months ended

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      March 31, 2025

      111,543

      9.9

      11,421

      11.1

      11,192

      12.4

      7,297

      14.0

      March 31, 2024

      101,464

      7.3

      10,283

      9.2

      9,954

      8.6

      6,402

      7.7

      Basic earnings per share

      Diluted earnings per share

      Six months ended

      Yen

      Yen

      March 31, 2025

      262.85

      262.77

      March 31, 2024

      230.62

      230.54

    2. Consolidated financial position

    Total assets

    Net assets

    Equity-to-asset ratio

    As of

    Millions of yen

    Millions of yen

    %

    March 31, 2025

    306,770

    137,192

    44.0

    September 30, 2024

    290,682

    134,311

    45.5

    Reference: Equity

    As of March 31, 2025: ¥134,861 million

    As of September 30, 2024: ¥132,146 million

  2. Cash dividends

    Annual dividends per share

    First quarter-end

    Second quarter-end

    Third quarter-end

    Fiscal year-end

    Total

    Yen

    Yen

    Yen

    Yen

    Yen

    Fiscal year ended September 30, 2024

    -

    0.00

    -

    126.00

    126.00

    Fiscal year ending September 30, 2025

    -

    0.00

    Fiscal year ending September 30, 2025 (Forecast)

    128.00

    128.00

    Note: Revisions to the forecast of cash dividends most recently announced: None

  3. Forecast of consolidated financial results for the fiscal year ending September 30, 2025 (from October 1, 2024 to September 30, 2025)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Basic earnings per share

Fiscal year ending September 30, 2025

Millions of yen

208,000

%

4.5

Millions of yen

18,550

%

2.8

Millions of yen

17,800

%

2.3

Millions of yen

11,800

%

1.7

Yen

425.04

Note: Revisions to the earnings forecasts most recently announced: None

* Notes

  1. Significant changes in the scope of consolidation during the period: None

  2. Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements:None

  3. Changes in accounting policies, changes in accounting estimates, and restatement

    1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

    2. Changes in accounting policies due to other reasons: None

    3. Changes in accounting estimates: None

    4. Restatement: None

  4. Number of issued shares (common shares)

    1. Total number of issued shares at the end of the period (including treasury shares)

      As of March 31, 2025

      28,391,464 shares

      As of September 30, 2024

      28,391,464 shares

    2. Number of treasury shares at the end of the period

      As of March 31, 2025

      628,918 shares

      As of September 30, 2024

      629,518 shares

    3. Average number of shares outstanding during the period(cumulative from the beginning of the fiscal year)

Six months ended March 31, 2025

27,762,204 shares

Six months ended March 31, 2024

27,761,501 shares

  • Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.

  • Proper use of earnings forecasts, and other special matters

Earnings forecasts are based on information available at the time of publication, contain risks and uncertainties, and are not intended to be a promise by the Company to achieve them. Therefore, please be aware that actual results may differ significantly from the stated amounts due to economic conditions, market trends, competitive conditions, and other factors surrounding the Group. For information on the assumptions on which earnings forecasts are based and precautions to be taken when using earnings forecasts, see "1. Qualitative Information on the Interim Financial Results (3) Explanation of Forward-Looking Information such as Consolidated Earnings Forecasts."

Semi-annual consolidated balance sheet

(Millions of yen)

As of September 30, 2024

As of March 31, 2025

Assets

Current assets

Cash and deposits

49,822

57,645

Notes and accounts receivable - trade, and contract assets

46,657

49,921

Merchandise and finished goods

5,065

5,088

Work in process

1,299

2,245

Raw materials and supplies

1,793

1,856

Other

9,177

15,456

Allowance for doubtful accounts

(1,083)

(762)

Total current assets

112,732

131,451

Non-current assets

Property, plant and equipment

Assets for rent, net

88,855

88,345

Land

37,365

37,379

Other, net

38,775

38,242

Total property, plant and equipment

164,996

163,968

Intangible assets

Goodwill

1,017

855

Other

1,643

1,484

Total intangible assets

2,660

2,340

Investments and other assets

Other

10,654

9,641

Allowance for doubtful accounts

(362)

(631)

Total investments and other assets

10,291

9,010

Total non-current assets

177,949

175,318

Total assets

290,682

306,770

(Millions of yen)

As of September 30, 2024

As of March 31, 2025

Liabilities

Current liabilities

Notes and accounts payable - trade

26,489

33,738

Short-term borrowings

5,526

5,481

Current portion of long-term borrowings

10,727

11,425

Current portion of bonds payable

150

-

Lease liabilities

13,163

13,282

Income taxes payable

4,472

3,736

Provision for bonuses

3,154

2,946

Provision for bonuses for directors (and other officers)

216

137

Other

22,728

24,482

Total current liabilities

86,629

95,231

Non-current liabilities

Bonds payable

525

-

Long-term borrowings

38,730

43,010

Lease liabilities

26,391

27,516

Provision for retirement benefits for directors (and other officers)

257

204

Retirement benefit liability

996

1,005

Asset retirement obligations

1,096

1,132

Other

1,743

1,477

Total non-current liabilities

69,741

74,345

Total liabilities

156,370

169,577

Net assets

Shareholders' equity

Share capital

8,100

8,100

Capital surplus

7,131

7,133

Retained earnings

114,514

117,746

Treasury shares

(1,881)

(1,879)

Total shareholders' equity

127,865

131,100

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

465

406

Deferred gains or losses on hedges

1

19

Foreign currency translation adjustment

3,814

3,334

Total accumulated other comprehensive income

4,281

3,760

Share acquisition rights

10

10

Non-controlling interests

2,153

2,320

Total net assets

134,311

137,192

Total liabilities and net assets

290,682

306,770

Semi-annual consolidated statement of income

(Millions of yen)

Six months ended March 31, 2024

Six months ended March 31, 2025

Net sales

101,464

111,543

Cost of sales

60,399

66,660

Gross profit

41,065

44,882

Selling, general and administrative expenses

Provision of allowance for doubtful accounts

124

44

Salaries and bonuses

10,210

10,885

Provision for bonuses

2,511

2,792

Provision for bonuses for directors (and other officers)

109

137

Retirement benefit expenses

389

402

Provision for retirement benefits for directors (and other officers)

17

42

Other

17,418

19,156

Total selling, general and administrative expenses

30,782

33,460

Operating profit

10,283

11,421

Non-operating income

Interest income

49

48

Dividend income

10

7

Subsidy income

125

12

Compensation income

9

160

Other

355

507

Total non-operating income

550

737

Non-operating expenses

Interest expenses

735

846

Foreign exchange losses

111

67

Other

31

51

Total non-operating expenses

879

966

Ordinary profit

9,954

11,192

Extraordinary income

Gain on sale of non-current assets

41

32

Gain on sale of investment securities

4

-

Total extraordinary income

45

32

Extraordinary losses

Loss on sale and retirement of non-current assets

27

163

Loss on valuation of investment securities

-

63

Total extraordinary losses

27

226

Profit before income taxes

9,973

10,998

Income taxes - current

3,674

3,596

Income taxes - deferred

(197)

13

Total income taxes

3,476

3,609

Profit

6,496

7,388

Profit attributable to non-controlling interests

94

91

Profit attributable to owners of parent

6,402

7,297

Semi-annual consolidated statement of comprehensive income

(Millions of yen)

Six months ended March 31, 2024

Six months ended March 31, 2025

Profit

6,496

7,388

Other comprehensive income

Valuation difference on available-for-sale securities

244

(59)

Deferred gains or losses on hedges

(27)

18

Foreign currency translation adjustment

(2)

(379)

Total other comprehensive income

214

(420)

Comprehensive income

6,710

6,968

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

6,600

6,777

Comprehensive income attributable to non-controlling interests

109

191

Semi-annual consolidated statement of cash flows Six months ended March 31, 2024

(Millions of yen)

Six months ended March 31, 2025

Cash flows from operating activities

Profit before income taxes

9,973

10,998

Depreciation

16,575

16,955

Amortization of goodwill

166

241

Increase (decrease) in allowance for doubtful accounts

64

(61)

Increase (decrease) in provision for bonuses

92

(220)

Increase (decrease) in provision for bonuses for directors (and other officers)

(51)

(79)

Increase (decrease) in retirement benefit liability

31

2

Increase (decrease) in provision for retirement benefits for directors (and other officers)

(50)

(55)

Interest and dividend income

(60)

(55)

Interest expenses

735

846

Loss (gain) on sale of investment securities

(4)

-

Loss (gain) on valuation of investment securities

2

63

Loss (gain) on sale and retirement of non-current assets

(13)

131

Transfer cost from sales of assets for rent

513

497

Purchase of assets for lease

(12,469)

(10,590)

Decrease (increase) in trade receivables

(1,074)

(2,861)

Decrease (increase) in inventories

(712)

(658)

Increase (decrease) in trade payables

3,010

7,058

Other, net

1,195

(2,778)

Subtotal

17,925

19,433

Interest and dividends received

97

56

Interest paid

(672)

(837)

Income taxes paid

(2,882)

(3,938)

Net cash provided by (used in) operating activities

14,467

14,714

(Millions of yen)

Six months ended March 31, 2024

Six months ended March 31, 2025

Cash flows from investing activities

Payments into time deposits

(210)

(210)

Proceeds from withdrawal of time deposits

210

210

Decrease (increase) in short-term loans receivable

146

(5)

Purchase of property, plant and equipment

(4,048)

(1,953)

Proceeds from sale of property, plant and equipment

9

48

Purchase of intangible assets

(164)

(80)

Purchase of investment securities

(10)

(1)

Proceeds from sale of investment securities

7

-

Purchase of shares of subsidiaries and associates

(44)

-

Long-term loan advances

(120)

-

Proceeds from collection of long-term loans receivable

40

1

Payments of leasehold and guarantee deposits

(687)

(338)

Proceeds from refund of leasehold and guarantee deposits

40

85

Other, net

(0)

0

Net cash provided by (used in) investing activities

(4,831)

(2,243)

Cash flows from financing activities

Net increase (decrease) in short-term borrowings

61

15

Proceeds from long-term borrowings

8,859

10,900

Repayments of long-term borrowings

(4,190)

(5,240)

Redemption of bonds

(75)

(664)

Repayments of lease liabilities

(6,416)

(6,112)

Repayments of installment payables

(21)

(7)

Dividends paid

(3,109)

(3,498)

Dividends paid to non-controlling interests

(88)

(44)

Other, net

(0)

(1)

Net cash provided by (used in) financing activities

(4,981)

(4,653)

Effect of exchange rate change on cash and cash equivalents

(31)

(85)

Net increase (decrease) in cash and cash equivalents

4,623

7,731

Cash and cash equivalents at beginning of period

42,828

49,612

Increase in cash and cash equivalents resulting from inclusion of subsidiaries in consolidation

-

91

Cash and cash equivalents at end of period

47,452

57,435

(Notes on segment information, etc.)

  1. Previous interim consolidated accounting period (October 1, 2023 to March 31, 2024)

    1. Information on sales and the amount of profit or loss for each reported segment

      (in millions of yen)

      Reportable segments

      Other (Note) 1

      Total

      Adjustment amount (Note) 2

      Interim Consolidated Statements of Income (Note)3

      Rental-related business

      Sales

      Revenues from external customers Transactions with other segments

      96,719

      30

      4,744

      177

      101,464

      208

      -(208)

      101,464

      -

      Total

      96,750

      4,922

      101,673

      (208)

      101,464

      Segment Profit

      9,707

      393

      10,100

      182

      10,283

      Note: 1. The "Other" category is a business segment that is not included in the reporting segments, and includes the import and sale of overseas construction machinery, the manufacture of studs, the manufacture of construction machinery, and the insurance and real estate leasing business.

    2. Segment profit adjustments of ¥182 million include inter-segment transaction elimination of ¥(1,291) million and Company-wide revenues and expenses of ¥1,474 million not allocated to each reporting segment. Corporate revenue is revenue that is not attributable to reporting segments, and corporate expenses are general and administrative expenses that are not primarily attributable to reporting segments.

    3. Segment profit is adjusted to operating income in the interim consolidated statements of income.

      2. Information on impairment losses or goodwill on fixed assets by reporting segment Not applicable.

  2. Interim Consolidated Accounting Period (October 1, 2024 to March 31, 2025)

    1. Information on sales and the amount of profit or loss for each reported segment

      (in millions of yen)

      Reportable segments

      Other (Note) 1

      Total

      Adjustment amount (Note) 2

      Interim Consolidated Statements of Income (Note)3

      Rental-related business

      Sales

      Revenues from external customers Transactions with other segments

      107,589

      24

      3,953

      300

      111,543

      325

      -(325)

      111,543

      -

      Total

      107,614

      4,254

      111,868

      (325)

      111,543

      Segment Profit

      10,892

      306

      11,199

      222

      11,421

      Note: 1. The "Other" category is a business segment that is not included in the reporting segments, and includes the import and sale of overseas construction machinery, the manufacture of studs, the manufacture of construction machinery, and the insurance and real estate leasing business.

    2. Segment profit adjustments of ¥222 million include inter-segment transaction elimination of ¥(5,456) million and Company-wide revenues and expenses of ¥5,679 million not allocated to each reporting segment. Corporate revenue is revenue that is not attributable to reporting segments, and corporate expenses are general and administrative expenses that are not primarily attributable to reporting segments.

    3. Segment profit is adjusted to operating income in the interim consolidated statements of income.

2. Information on impairment losses or goodwill on fixed assets by reporting segment Not applicable.