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NIHON DECOLUXE CO.,LTD., First Half Ordinary Profit Revised Downward to an Unexpected 1%Decrease

Tue Oct 29, 2024 3:20 pm JST Earnings

7950 NIHON DECOLUXE CO.,LTD. 【J-GAAP】

Earnings Report

NIHON DECOLUXE CO.,LTD. <7950> [NSE-M] announced its financial results in the afternoon session on October 29th (15:20). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 346 million yen, a 0.6% decrease compared to the same period last year, resulting in a decrease in profits compared to the previous forecast of a 0.6% increase.

However, The progress rate against the 660 million yen full-year plan was 52.4%, also surpassing the five-year average of 48.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 15.4% from the same period last year to 314 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 152 million yen, a 16.0% decrease compared to the same period last year. The operating profit margin decreased from 11.7% in the same period last year to 9.3%.

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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 2,499 176 261 392 495.5 51.4 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 3,080 342 348 240 303.9 48.4 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 3,028 318 346 239 302.4 52.4 Oct 29, 2024 J-GAAP
YoY -1.7% -7.0% -0.6% -0.4% -0.5%

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 3,100 320 350 240 302.9 150 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 3,028 318 346 239 302.4 150 Oct 29, 2024 J-GAAP
Revision Rate -2.3% -0.6% -1.1% -0.4% -0.1%

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 3,199 348 371 283 357.4 220 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,272 282 314 211 270.6 220 Oct 29, 2024 J-GAAP
YoY +2.3% -19.0% -15.4% -25.4% -24.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,633 419 508 576 727.0 370 May 12, 2023 J-GAAP
Mar, 2024 6,279 690 719 523 660.5 370 May 10, 2024 J-GAAP
Mar, 2025 Guidance 6,300 600 660 450 577.2 370 May 10, 2024 J-GAAP
YoY +0.3% -13.0% -8.2% -14.0% -12.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,563 183 181 125 158.3 11.7 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 1,668 276 293 203 256.7 16.5 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 1,531 72 78 80 101.0 4.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,484 174 194 134 169.5 11.7 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 1,544 144 152 105 132.9 9.3 Oct 29, 2024 J-GAAP
YoY -1.2% -21.3% -16.0% -16.0% -16.1%

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