NIPPON CHUZO K. K., First Half Ordinary Profit Revised Downward to a Loss

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Fri Oct 25, 2024 3:00 pm JST Earnings

5609 NIPPON CHUZO K. K. 【J-GAAP】

Earnings Report

NIPPON CHUZO K. K. <5609> [TSE-S] announced its financial results after the market closed on October 25th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 42 million yen (compared to a profit of 294 million yen in the same period last year), reversing from the forecast of a 10 million yen to a loss

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 October to March period (second half) is expected to significant drop by 54.0% from the same period last year to 452 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 34 million yen (compared to a profit of 48 million yen in the same period last year). The operating profit/loss margin worsened from 1.5% in the same period last year to -0.9%.

Kabutan News

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
Apr - Sep, 2022	5,969	4	1	-10	-2.1	0.1	Oct 26, 2022	J-GAAP
Apr - Sep, 2023	7,324	296	294	15	3.1	23.0	Oct 25, 2023	J-GAAP
Apr - Sep, 2024	6,133	-32	-42	-55	-11.6	ー	Oct 25, 2024	J-GAAP
YoY	-16.3%	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	6,500	10	10	0	0.0	0	Jul 26, 2024	J-GAAP
Apr - Sep, 2024 Results	6,133	-32	-42	-55	-11.6	0	Oct 25, 2024	J-GAAP
Revision Rate	-5.6%	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	8,668	991	983	636	132.0	35	Apr 24, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,867	442	452	325	67.4	30	Oct 25, 2024	J-GAAP
YoY	-20.8%	-55.4%	-54.0%	-48.9%	-48.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,811	707	701	568	116.7	30	Apr 27, 2023	J-GAAP
Mar, 2024	15,992	1,287	1,277	651	135.1	35	Apr 24, 2024	J-GAAP
Mar, 2025 Guidance	13,000	410	410	270	56.0	30	Jul 26, 2024	J-GAAP
YoY	-18.7%	-68.1%	-67.9%	-58.5%	-58.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,403	52	48	-161	-33.6	1.5	Oct 25, 2023	J-GAAP
Oct - Dec, 2023	4,469	421	415	302	62.8	9.4	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	4,199	570	568	334	69.3	13.6	Apr 24, 2024	J-GAAP
Apr - Jun, 2024	3,263	-6	-8	-18	-3.9	-0.2	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	2,870	-26	-34	-37	-7.8	-0.9	Oct 25, 2024	J-GAAP
YoY	-15.7%	－	－	+77.0%	+76.8%