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NARUMIYA INTERNATIONAL Co., Ltd., First Half Ordinary Profit Increases by 12%, June-Augus Ordinary Profit Loss Narrows

Thu Oct 3, 2024 3:00 pm JST Earnings

9275 NARUMIYA INTERNATIONAL Co., Ltd. 【J-GAAP】

Earnings Report

NARUMIYA INTERNATIONAL Co., Ltd. <9275> [TSE-S] announced its financial results after the market closed on October 3rd (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 12.2% from the same period last year, reaching 697 million yen. The progress rate against the 2.32 billion yen full-year plan was 29.9%, exceeding the five-year average of 21.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 12.5% from the same period last year, reaching 1.63 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary loss improved to a deficit of loss of 27 million yen (compared to a loss of 126 million yen in the same period last year). The operating profit/loss margin improved from -1.4% in the same period last year to -0.3%.

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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
Mar - Aug, 2022 15,742 282 211 89 8.9 13.0 Oct 12, 2022 J-GAAP
Mar - Aug, 2023 16,909 639 621 188 19.1 30.0 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 17,602 708 697 420 42.8 29.9 Oct 3, 2024 J-GAAP
YoY +4.1% +10.8% +12.2% +123.4% +124.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 0 Apr 3, 2024 J-GAAP
Mar - Aug, 2024 Results 17,602 708 697 420 42.8 0 Oct 3, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 20,575 1,466 1,451 1,028 104.4 41 Apr 3, 2024 J-GAAP
Sep - Feb, 2024 Guidance 22,721 1,642 1,632 1,066 108.6 53 Oct 3, 2024 J-GAAP
YoY +10.4% +12.0% +12.5% +3.7% +4.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 34,997 1,705 1,624 831 82.1 31 Apr 12, 2023 J-GAAP
Feb, 2024 37,484 2,105 2,072 1,216 123.4 41 Apr 3, 2024 J-GAAP
Feb, 2025 Guidance 40,323 2,350 2,329 1,486 151.4 53 Apr 3, 2024 J-GAAP
YoY +7.6% +11.6% +12.4% +22.2% +22.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 8,049 -110 -126 -291 -29.5 -1.4 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 9,479 815 803 533 54.1 8.6 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 11,096 651 648 495 50.2 5.9 Apr 3, 2024 J-GAAP
Mar - May, 2024 9,212 733 724 482 49.1 8.0 Jul 3, 2024 J-GAAP
Jun - Aug, 2024 8,390 -25 -27 -62 -6.3 -0.3 Oct 3, 2024 J-GAAP
YoY +4.2% +77.3% +78.6% +78.7% +78.6%

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