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

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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%