Nippon Care Supply Co.,Ltd., First Half Ordinary Profit Increases by 16%

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Tue Oct 29, 2024 3:00 pm JST Earnings

2393 Nippon Care Supply Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Care Supply Co.,Ltd. <2393> [TSE-S] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 15.6% from the same period last year, reaching 1.17 billion yen. However, The progress rate against the 2.5 billion yen full-year plan was 46.8%, also falling below the five-year average of 50.3%.

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 grow by 12.0% from the same period last year, reaching 1.33 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 6.8% from the same period last year, reaching 648 million yen. However, the operating profit margin worsened from 8.6% in the same period last year to 8.1%.

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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
Apr - Sep, 2022	12,679	963	992	650	41.9	46.3	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	13,779	999	1,012	681	43.9	46.0	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	15,673	1,151	1,170	776	50.0	46.8	Oct 29, 2024	J-GAAP
YoY	+13.7%	+15.2%	+15.6%	+14.0%	+14.0%

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	ー	ー	ー	ー	－	0	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	15,673	1,151	1,170	776	50.0	0	Oct 29, 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
Oct - Mar, 2023	14,813	1,174	1,188	897	57.7	70	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,827	1,349	1,330	1,024	65.9	70	Oct 29, 2024	J-GAAP
YoY	+6.8%	+14.9%	+12.0%	+14.2%	+14.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	25,892	2,117	2,142	1,514	97.5	70	May 10, 2023	J-GAAP
Mar, 2024	28,592	2,173	2,200	1,578	101.6	70	May 8, 2024	J-GAAP
Mar, 2025 Guidance	31,500	2,500	2,500	1,800	115.9	70	May 8, 2024	J-GAAP
YoY	+10.2%	+15.0%	+13.6%	+14.1%	+14.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,976	601	607	402	25.9	8.6	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	7,317	584	593	383	24.7	8.0	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	7,496	590	595	514	33.1	7.9	May 8, 2024	J-GAAP
Apr - Jun, 2024	7,687	506	522	347	22.4	6.6	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	7,986	645	648	429	27.6	8.1	Oct 29, 2024	J-GAAP
YoY	+14.5%	+7.3%	+6.8%	+6.7%	+6.7%