NACHI-FUJIKOSHI CORP., December-August (Third Quarter Cumulative) Ordinary Profit Decreases by 80%, June-Augus Ordinary Profit Decreases by 82%

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Thu Oct 3, 2024 3:00 pm JST Earnings

6474 NACHI-FUJIKOSHI CORP. 【J-GAAP】

Earnings Report

NACHI-FUJIKOSHI CORP. <6474> [TSE-P] announced its financial results after the market closed on October 3rd (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) significantly dropped by 80.2% from the same period last year to 1.9 billion yen. The progress rate against the 5 billion yen full-year plan was 38.2%, also falling below the five-year average of 74.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to surge by 2.2 times that of the same period last year, reaching 3.09 billion yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit significantly dropped to 456 million yen, a 82.5% decrease compared to the same period last year. The operating profit margin worsened from 4.1% in the same period last year to 2.9%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Dec - Aug, 2021	188,785	12,984	13,711	9,276	389.2	80.2	Oct 6, 2022	J-GAAP
Dec - Aug, 2022	200,170	10,252	9,649	6,300	269.5	87.5	Oct 4, 2023	J-GAAP
Dec - Aug, 2023	179,431	4,074	1,908	2,778	119.2	38.2	Oct 3, 2024	J-GAAP
YoY	-10.4%	-60.3%	-80.2%	-55.9%	-55.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	130,200	4,261	3,981	1,742	74.6	110	Jan 11, 2024	J-GAAP
Jun - Nov, 2024 Guidance	119,288	3,658	3,548	2,221	97.5	100	Jul 11, 2024	J-GAAP
YoY	-8.4%	-14.2%	-10.9%	+27.5%	+30.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	258,097	17,025	17,100	12,237	513.2	110	Jan 12, 2023	J-GAAP
Nov, 2023	265,464	11,873	11,028	6,469	276.9	110	Jan 11, 2024	J-GAAP
Nov, 2024 Guidance	238,000	6,000	5,000	3,000	131.6	100	Jul 11, 2024	J-GAAP
YoY	-10.3%	-49.5%	-54.7%	-53.6%	-52.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	64,906	2,640	2,602	1,573	67.3	4.1	Oct 4, 2023	J-GAAP
Sep - Nov, 2023	65,294	1,621	1,379	169	7.2	2.5	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	59,338	1,183	754	356	15.3	2.0	Apr 4, 2024	J-GAAP
Mar - May, 2024	59,374	1,159	698	423	18.2	2.0	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	60,719	1,732	456	1,999	85.8	2.9	Oct 3, 2024	J-GAAP
YoY	-6.5%	-34.4%	-82.5%	+27.1%	+27.5%