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NEC Networks & System Integration Corporation, First Half Ordinary Profit Increases by 26%, Second Half Dividend Postponed
1973 NEC Networks & System Integration Corporation 【J-GAAP】
Earnings ReportNEC Networks & System Integration Corporation <1973> [TSE-P] 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 26.0% from the same period last year, reaching 7.76 billion yen. However, The progress rate against the 29 billion yen full-year plan was 26.8%, almost the same as the five-year average of 26.6%.
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 14.7% from the same period last year, reaching 21.2 billion yen.
At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the the second half of 28 yen for the current fiscal year.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.2% from the same period last year, reaching 5.45 billion yen. However, the operating profit margin remained almost flat, changing from 6.1% in the same period last year to 5.9%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Apr - Sep, 2022 | 142,686 | 4,643 | 4,762 | 2,699 | 18.1 | 20.7 | Oct 28, 2022 | J-GAAP |
Apr - Sep, 2023 | 155,195 | 6,224 | 6,161 | 3,600 | 24.2 | 25.0 | Oct 30, 2023 | J-GAAP |
Apr - Sep, 2024 | 172,040 | 7,832 | 7,760 | 3,848 | 25.8 | 26.8 | Oct 29, 2024 | J-GAAP |
YoY | +10.9% | +25.8% | +26.0% | +6.9% | +6.9% |
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 | - | 28 | Apr 26, 2024 | J-GAAP |
Apr - Sep, 2024 Results | 172,040 | 7,832 | 7,760 | 3,848 | 25.8 | 28 | Oct 29, 2024 | J-GAAP |
Revision Rate | - | - | - | - | - |
Guidance Update
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2025 Prev | 365,000 | 29,000 | 29,000 | 18,000 | 120.8 | 56 | Apr 26, 2024 | J-GAAP |
Mar, 2025 New | 365,000 | 29,000 | 29,000 | 18,000 | 120.8 | 28 | Oct 29, 2024 | J-GAAP |
Revision Rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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 | 204,310 | 18,896 | 18,523 | 11,729 | 78.7 | 24.50 | Apr 26, 2024 | J-GAAP |
Oct - Mar, 2024 Guidance | 192,960 | 21,168 | 21,240 | 14,152 | 95.0 | 0 | Oct 29, 2024 | J-GAAP |
YoY | -5.6% | +12.0% | +14.7% | +20.7% | +20.6% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2023 | 320,802 | 22,751 | 22,970 | 13,813 | 92.7 | 46 | Apr 28, 2023 | J-GAAP |
Mar, 2024 | 359,505 | 25,120 | 24,684 | 15,329 | 102.9 | 49 | Apr 26, 2024 | J-GAAP |
Mar, 2025 Guidance | 365,000 | 29,000 | 29,000 | 18,000 | 120.8 | 28 | Oct 29, 2024 | J-GAAP |
YoY | +1.5% | +15.4% | +17.5% | +17.4% | +17.4% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jul - Sep, 2023 | 83,512 | 5,106 | 5,045 | 3,418 | 23.0 | 6.1 | Oct 30, 2023 | J-GAAP |
Oct - Dec, 2023 | 94,244 | 6,226 | 6,029 | 4,098 | 27.5 | 6.6 | Jan 30, 2024 | J-GAAP |
Jan - Mar, 2024 | 110,066 | 12,670 | 12,494 | 7,631 | 51.2 | 11.5 | Apr 26, 2024 | J-GAAP |
Apr - Jun, 2024 | 79,127 | 2,384 | 2,302 | 1,518 | 10.2 | 3.0 | Jul 30, 2024 | J-GAAP |
Jul - Sep, 2024 | 92,913 | 5,448 | 5,458 | 2,330 | 15.6 | 5.9 | Oct 29, 2024 | J-GAAP |
YoY | +11.3% | +6.7% | +8.2% | -31.8% | -31.9% |
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