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Newtech Co., Ltd., First Half Ordinary Profit Decreases by 31%, June-Augus Ordinary Profit Decreases by 13%

Fri Oct 4, 2024 3:00 pm JST Earnings

6734 Newtech Co., Ltd. 【J-GAAP】

Earnings Report

Newtech Co., Ltd. <6734> [TSE-S] announced its financial results after the market closed on October 4th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by 31.1% from the same period last year to 146 million yen. The progress rate against the 442 million yen full-year plan was 33.0%, also falling below the five-year average of 46.9%.

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 expand by 62.6% from the same period last year, reaching 296 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 123 million yen, a 13.4% decrease compared to the same period last year. The operating profit margin significantly dropped from 13.6% in the same period last year to 8.4%.

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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
Mar - Aug, 2022 1,689 204 206 149 78.2 45.6 Oct 5, 2022 J-GAAP
Mar - Aug, 2023 1,782 204 212 158 82.8 53.8 Oct 5, 2023 J-GAAP
Mar - Aug, 2024 2,138 139 146 107 56.0 33.0 Oct 4, 2024 J-GAAP
YoY +20.0% -31.9% -31.1% -32.3% -32.3%

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 2,138 139 146 107 55.4 0 Sep 26, 2024 J-GAAP
Mar - Aug, 2024 Results 2,138 139 146 107 56.0 0 Oct 4, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +1.1%

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 1,929 158 182 132 69.1 50 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 2,073 302 296 219 113.4 50 Sep 26, 2024 J-GAAP
YoY +7.5% +91.1% +62.6% +65.9% +64.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 3,657 448 452 319 166.9 40 Apr 12, 2023 J-GAAP
Feb, 2024 3,711 362 394 290 151.8 50 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 4,211 441 442 326 168.8 50 Apr 12, 2024 J-GAAP
YoY +13.5% +21.8% +12.2% +12.4% +11.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,047 142 142 109 57.1 13.6 Oct 5, 2023 J-GAAP
Sep - Nov, 2023 724 2 4 1 0.5 0.3 Jan 9, 2024 J-GAAP
Dec - Feb, 2023 1,205 156 178 131 68.6 12.9 Apr 12, 2024 J-GAAP
Mar - May, 2024 705 18 23 16 8.7 2.6 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 1,433 121 123 91 47.6 8.4 Oct 4, 2024 J-GAAP
YoY +36.9% -14.8% -13.4% -16.5% -16.6%

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