Nishio : Summary of Consolidated Financial Results for the Three Months Ended December 31, 2024(Based on Japanese GAAP)

Published February 5, 2025 at 11:00 p.m. UTC

Source: MarketScreener

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Three Months Ended December 31, 2024 (Based on Japanese GAAP)

				February 5, 2025
Company name:	NISHIO HOLDINGS CO., LTD.
Stock exchange listing:	Tokyo
Stock code:	9699	URL https://nishio-grp.co.jp/
Representative:	PRESIDENT	MASASHI NISHIO
Inquiries:	DIRECTOR(In Charge Of Administrative	KAZUO YOTSUMOTO	TEL 06(6251)7302
Departments)

Scheduled date to commence dividend payments:	-
Preparation of supplementary material on financial results:	No
Holding of financial results meeting:		No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended December 31, 2024 (from October 1, 2024 to December 31, 2024)

(1) Consolidated operating results (cumulative)				Percentages indicate year-on-year changes
	Net sales		Operating profit	Ordinary profit	Profit attributable to
		owners of parent

	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
Three months ended December 31, 2024	56,720	8.0	6,183	15.6	6,060	16.4	4,040	20.0
Three months ended December 31, 2023	52,540	7.1	5,350	9.7	5,204	8.7	3,366	8.6

	Earnings per share	Diluted earnings per share
		Yen				Yen
Three months ended December 31, 2024		145.55			145.50
Three months ended December 31, 2023		121.28			121.24
(2) Consolidated financial position
	Total assets			Net assets		Equity ratio
	Millions of yen		Millions of yen		%
As of December 31, 2024	291,558		132,835		44.8
As of September 30, 2024	290,682		134,311		45.5
2. Cash dividends
				Annual dividends per share
	1st quarter-end	2nd quarter-end		3rd quarter-end	Fiscal year-end
	Yen			Yen			Yen	Yen
Year ended September 30, 2024	-			0.00			-	126.00
Year ending September 30, 2025	-
Year ending September 30, 2025				0.00			-	128.00
(Forecast)

Total

Yen 126.00

128.00

3. Forecast of consolidated financial results for the 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	Earnings per share
				owners of parent

Six months ending	Millions of yen	%	Millions of yen		%	Millions of yen		%	Millions of yen		%	Yen
107,030	5.5	10,488		2.0	10,160		2.1	6,585		2.9	237.20
March 31, 2025

Full year	208,000	4.5	18,550		2.8	17,800		2.3	11,800		1.7	425.04

4. Notes
(1)	Significant changes in the scope of consolidation during the three months ended December 31, 2024:	No
(2)	Application of special accounting methods for preparing quarterly consolidated financial statements:	No
(3)	Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
	Changes in accounting policies due to revisions to accounting standards and other regulations:	No
	Changes in accounting policies due to other reasons:		No
	Changes in accounting estimates:			No
	Restatement of prior period financial statements:			No
(4)	Number of issued shares (common shares)
	Total number of issued shares at the end of the period (including treasury shares)
		As of December 31, 2024	28,391,464 shares	As of September 30, 2024		28,391,464 shares
	Number of treasury shares at the end of the period
		As of December 31, 2024	629,627 shares	As of September 30, 2024		629,518 shares
	Average number of shares during the period (cumulative from the beginning of the fiscal year)
		Three months ended December 31, 2024	27,761,885 shares	Three months ended December 31, 2023	27,761,084 shares

Quarterly consolidated financial statements

Consolidated balance sheets

		(Millions of yen)
	As of September 30, 2024	As of December 31, 2024
Assets
Current assets
Cash and deposits	49,822	45,592
Notes and accounts receivable - trade, and contract assets	46,657	50,183
Merchandise and finished goods	5,065	6,186
Work in process	1,299	2,902
Raw materials and supplies	1,793	1,833
Other	9,177	11,817
Allowance for doubtful accounts	(1,083)	(783)
Total current assets	112,732	117,730
Non-current assets
Property, plant and equipment
Assets for rent, net	88,855	87,874
Land	37,365	37,371
Other, net	38,775	37,556
Total property, plant and equipment	164,996	162,802
Intangible assets
Goodwill	1,017	939
Other	1,643	1,582
Total intangible assets	2,660	2,522
Investments and other assets
Other	10,654	9,128
Allowance for doubtful accounts	(362)	(626)
Total investments and other assets	10,291	8,502
Total non-current assets	177,949	173,827
Total assets	290,682	291,558
Liabilities
Current liabilities
Notes and accounts payable - trade	26,489	30,715
Short-term borrowings	5,526	5,762
Current portion of long-term borrowings	10,727	9,829
Current portion of bonds payable	150	150
Lease liabilities	13,163	13,301
Income taxes payable	4,472	1,578
Provision for bonuses	3,154	1,531
Provision for bonuses for directors (and other officers)	216	80
Other	22,728	25,779
Total current liabilities	86,629	88,728

		(Millions of yen)
	As of September 30, 2024	As of December 31, 2024
Non-current liabilities
Bonds payable	525	525
Long-term borrowings	38,730	38,343
Lease liabilities	26,391	27,257
Provision for retirement benefits for directors (and other	257	196
officers)

Retirement benefit liability	996	998
Asset retirement obligations	1,096	1,110
Other	1,743	1,562
Total non-current liabilities	69,741	69,994
Total liabilities	156,370	158,722
Net assets
Shareholders' equity
Share capital	8,100	8,100
Capital surplus	7,131	7,131
Retained earnings	114,514	114,489
Treasury shares	(1,881)	(1,881)
Total shareholders' equity	127,865	127,840
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	465	450
Deferred gains or losses on hedges	1	(13)
Foreign currency translation adjustment	3,814	2,454
Total accumulated other comprehensive income	4,281	2,891
Share acquisition rights	10	10
Non-controlling interests	2,153	2,091
Total net assets	134,311	132,835
Total liabilities and net assets	290,682	291,558

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

		(Millions of yen)
	Three months ended	Three months ended
	December 31, 2023	December 31, 2024
Net sales	52,540	56,720
Cost of sales	31,383	33,450
Gross profit	21,156	23,269
Selling, general and administrative expenses
Provision of allowance for doubtful accounts	72	43
Salaries and bonuses	5,211	5,631
Provision for bonuses	1,260	1,378
Provision for bonuses for directors (and other officers)	71	80
Retirement benefit expenses	182	202
Provision for retirement benefits for directors (and other	8	33
officers)

Other	8,999	9,717
Total selling, general and administrative expenses	15,806	17,086
Operating profit	5,350	6,183
Non-operating income
Interest income	24	23
Dividend income	10	6
Foreign exchange gains	-	13
Other	209	303
Total non-operating income	244	346
Non-operating expenses
Interest expenses	358	457
Foreign exchange losses	22	-
Other	8	12
Total non-operating expenses	389	470
Ordinary profit	5,204	6,060
Extraordinary income
Gain on sale of non-current assets	1	16
Total extraordinary income	1	16
Extraordinary losses
Loss on sale and retirement of non-current assets	13	14
Total extraordinary losses	13	14
Profit before income taxes	5,193	6,062
Income taxes - current	1,486	1,356
Income taxes - deferred	294	627
Total income taxes	1,780	1,983
Profit	3,412	4,078
Profit attributable to non-controlling interests	45	37
Profit attributable to owners of parent	3,366	4,040

Consolidated statements of comprehensive income (cumulative)

		(Millions of yen)
	Three months ended	Three months ended
	December 31, 2023	December 31, 2024
Profit	3,412	4,078
Other comprehensive income
Valuation difference on available-for-sale securities	36	(15)
Deferred gains or losses on hedges	(17)	(14)
Foreign currency translation adjustment	299	(1,435)
Total other comprehensive income	319	(1,464)
Comprehensive income	3,731	2,613
Comprehensive income attributable to
Comprehensive income attributable to owners of parent	3,683	2,651
Comprehensive income attributable to non-controlling	48	(37)
interests