NATTY SWANKY holdings Co.,Ltd., First Half Ordinary Profit Decreases by 60%, Exceeds Full-Year Plan

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Fri Sep 13, 2024 4:00 pm JST Earnings

7674 NATTY SWANKY holdings Co.,Ltd. 【J-GAAP】

Earnings Report

NATTY SWANKY holdings Co.,Ltd. <7674> [TSE-G] announced its financial results after the market closed on September 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) significantly dropped by 60.5% from the same period last year to 87 million yen. The progress rate for full-year plan of 50 million yen has already exceeded 174.0%, and has also exceeded the same period of the previous year of 53.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the August to January period (second half) is expected to turn into a loss of 37 million yen (compared to a profit of 194 million yen in the same period last year).

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit significantly dropped to 8 million yen, a 94.1% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.5% in the same period last year to 0.4%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Feb - Jul, 2022	2,851	-48	-46	-25	-12.0	ー	Sep 13, 2022	J-GAAP
Feb - Jul, 2023	3,508	220	220	142	65.5	53.1	Sep 13, 2023	J-GAAP
Feb - Jul, 2024	3,522	88	87	17	7.1	174.0	Sep 13, 2024	J-GAAP
YoY	+0.4%	-60.0%	-60.5%	-88.0%	-89.2%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024 Guidance	3,522	88	87	17	7.0	－	Sep 6, 2024	J-GAAP
Feb - Jul, 2024 Results	3,522	88	87	17	7.1	0	Sep 13, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+1.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	3,553	217	194	105	46.9	10	Mar 14, 2024	J-GAAP
Aug - Jan, 2024 Guidance	3,778	-38	-37	-7	-2.9	－	Sep 6, 2024	J-GAAP
YoY	+6.3%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	5,846	-130	-130	-379	-175.1	5	Mar 16, 2023	J-GAAP
Jan, 2024	7,061	437	414	247	110.2	10	Mar 14, 2024	J-GAAP
Jan, 2025 Guidance	7,300	50	50	10	4.1	－	Sep 6, 2024	J-GAAP
YoY	+3.4%	-88.6%	-87.9%	-96.0%	-96.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	1,811	135	136	87	40.1	7.5	Sep 13, 2023	J-GAAP
Aug - Oct, 2023	1,693	92	77	38	17.5	5.4	Dec 14, 2023	J-GAAP
Nov - Jan, 2023	1,860	125	117	67	29.9	6.7	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	1,774	81	79	50	20.6	4.6	Jun 13, 2024	J-GAAP
May - Jul, 2024	1,748	7	8	-33	-13.7	0.4	Sep 13, 2024	J-GAAP
YoY	-3.5%	-94.8%	-94.1%	－	－