NODA CORPORATION, The Current Fiscal Year Net Income Revised Downward to a Loss, Dividend Revised down by 2.5 yen

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Tue Oct 15, 2024 4:00 pm JST Earnings

7879 NODA CORPORATION 【J-GAAP】

Earnings Report

NODA CORPORATION <7879> [TSE-S] announced its financial results after the market closed on October 15th (16:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) turned into a loss of 1.93 billion yen (compared to a profit of 2.06 billion yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 1.8 billion yen to a loss of 2.3 billion yen (compared to a profit of 2.83 billion yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the June to November period (second half) has been revised downward from an expected profit of 3.44 billion yen to a loss of 655 million yen (compared to a profit of 1.26 billion yen in the same period of the previous year), turning to a loss outlook.

Due to a decline in performance, the company has reduced its planned annual dividend for the current fiscal year from the original plan of 45 yen to 42.5 yen (compared to 55 yen in the previous period).

In the most recent three-month period, from June to August (3Q), the consolidated net income/loss turned to a loss of 291 million yen (compared to a profit of 497 million yen in the same period last year). The operating profit margin drastically worsened from 5.1% in the same period last year to 0.2%.

Kabutan News

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	59,398	7,593	8,117	4,855	298.1	78.6	Oct 7, 2022	J-GAAP
Dec - Aug, 2022	53,482	3,511	3,684	2,062	128.5	73.4	Oct 13, 2023	J-GAAP
Dec - Aug, 2023	49,305	689	734	-1,936	-122.1	183.5	Oct 15, 2024	J-GAAP
YoY	-7.8%	-80.4%	-80.1%	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Prev	39,038	2,140	2,308	3,445	220.0	22.50	Jul 12, 2024	J-GAAP
Jun - Nov, 2024 New	33,038	-310	-292	-655	-41.8	20	Oct 15, 2024	J-GAAP
Revision Rate	-15.4%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2024 Prev	72,000	2,800	3,000	1,800	115.0	45	Jan 15, 2024	J-GAAP
Nov, 2024 New	66,000	350	400	-2,300	-146.9	42.50	Oct 15, 2024	J-GAAP
Revision Rate	-8.3%	-87.5%	-86.7%	－	－

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	37,913	2,123	2,328	1,269	79.1	25	Jan 15, 2024	J-GAAP
Jun - Nov, 2024 Guidance	33,038	-310	-292	-655	-41.8	20	Oct 15, 2024	J-GAAP
YoY	-12.9%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	81,012	9,797	10,332	6,056	372.5	60	Jan 17, 2023	J-GAAP
Nov, 2023	73,227	4,701	5,019	2,834	176.5	55	Jan 15, 2024	J-GAAP
Nov, 2024 Guidance	66,000	350	400	-2,300	-146.9	42.50	Oct 15, 2024	J-GAAP
YoY	-9.9%	-92.6%	-92.0%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	18,168	933	993	497	31.0	5.1	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	19,745	1,190	1,335	772	48.1	6.0	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	16,368	523	547	245	15.3	3.2	Apr 12, 2024	J-GAAP
Mar - May, 2024	16,594	137	145	-1,890	-118.5	0.8	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	16,343	29	42	-291	-18.4	0.2	Oct 15, 2024	J-GAAP
YoY	-10.0%	-96.9%	-95.8%	－	－