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NIPPON PARKING DEVELOPMENT Co.,Ltd., 8% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Dividend to Rise by 1.5 yen

Fri Sep 6, 2024 3:30 pm JST Earnings

2353 NIPPON PARKING DEVELOPMENT Co.,Ltd. 【J-GAAP】

Earnings Report

NIPPON PARKING DEVELOPMENT Co.,Ltd. <2353> [TSE-P] announced its financial results after the market closed on September 6th (15:30). The consolidated ordinary profit for the fiscal year ending July 2024 increased by 4.7% from the previous period 6.51 billion yen. For the fiscal year ending July 2025, the profit is expected to grow by 7.5% to 7 billion yen, marking the fourth consecutive term of record-high profits. This will be the fifth consecutive term of revenue and profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 7 yen, an increase of 1.5 yen from the previous fiscal year.

In the most recent three-month period, from May to July (4Q), the consolidated ordinary profit grew by 22.3% from the same period last year, reaching 1.06 billion yen. The operating profit margin rose from 12.7% in the same period last year to 14.3%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2022 26,271 4,582 4,639 3,125 9.6 5 Sep 9, 2022 J-GAAP
Jul, 2023 31,855 6,201 6,221 4,408 13.8 5.25 Sep 8, 2023 J-GAAP
Jul, 2024 32,693 6,461 6,511 5,104 16.1 5.50 Sep 6, 2024 J-GAAP
YoY +2.6% +4.2% +4.7% +15.8% +16.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 Guidance 33,000 7,000 6,900 4,800 15.1 5.50 Sep 8, 2023 J-GAAP
Jul, 2024 Results 32,693 6,461 6,511 5,104 16.1 5.50 Sep 6, 2024 J-GAAP
Revision Rate -0.9% -7.7% -5.6% +6.3% +6.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 15,955 3,276 3,255 2,307 7.3 0 Mar 8, 2024 J-GAAP
Aug - Jan, 2024 Guidance 18,500 3,700 3,700 2,500 7.8 0 Sep 6, 2024 J-GAAP
YoY +16.0% +12.9% +13.7% +8.4% +7.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 31,855 6,201 6,221 4,408 13.8 5.25 Sep 8, 2023 J-GAAP
Jul, 2024 32,693 6,461 6,511 5,104 16.1 5.50 Sep 6, 2024 J-GAAP
Jul, 2025 Guidance 36,400 7,000 7,000 4,700 14.7 7 Sep 6, 2024 J-GAAP
YoY +11.3% +8.3% +7.5% -7.9% -8.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 6,775 859 874 855 2.7 12.7 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 7,691 1,686 1,692 1,389 4.4 21.9 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 8,264 1,590 1,563 918 2.9 19.2 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 9,143 2,102 2,187 1,188 3.8 23.0 Jun 7, 2024 J-GAAP
May - Jul, 2024 7,595 1,083 1,069 1,609 5.1 14.3 Sep 6, 2024 J-GAAP
YoY +12.1% +26.1% +22.3% +88.2% +89.6%

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