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NF HOLDINGS CORPORATION, First Half Ordinary Profit Decreases by 54%, July-September Ordinary Profit Decreases by 48%

Wed Oct 30, 2024 3:15 pm JST Earnings

6864 NF HOLDINGS CORPORATION 【J-GAAP】

Earnings Report

NF HOLDINGS CORPORATION <6864> [TSE-S] announced its financial results after the market closed on October 30th (15:15). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 54.0% from the same period last year to 220 million yen. The progress rate against the 520 million yen full-year plan was 42.3%, also falling below the five-year average of 47.1%.

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 surge by 50 times that of the same period last year, reaching 300 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 150 million yen, a 48.5% decrease compared to the same period last year. The operating profit margin worsened from 9.5% in the same period last year to 6.8%.

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Actual Performance and Financial Trends

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
4,188M 93M 164M 123M 17.7 26.4 Oct 27, 2022 J-GAAP
Apr - Sep, 2023
5,356M 449M 478M 313M 44.7 98.8 Oct 30, 2023 J-GAAP
Apr - Sep, 2024
4,089M 202M 220M 310M 44.3 42.3 Oct 30, 2024 J-GAAP
YoY -23.7% -55.0% -54.0% -1.0% -1.0%
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 4,085M 200M 215M 305M 43.5 0 Oct 24, 2024 J-GAAP
Apr - Sep, 2024 Results 4,089M 202M 220M 310M 44.3 0 Oct 30, 2024 J-GAAP
Revision Rate +0.1% +1.0% +2.3% +1.6% +1.9%

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
4,043M -31M 6M 10M 1.4 32 May 14, 2024 J-GAAP
Guidance
Oct - Mar, 2024
5,411M 298M 300M 50M 7.1 32 Oct 30, 2024 J-GAAP
YoY +33.8% +4,900.0% +400.0% +397.9%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Mar, 2023
9,642M 467M 622M 457M 65.1 30 May 12, 2023 J-GAAP
Mar, 2024
9,399M 418M 484M 323M 46.1 32 May 14, 2024 J-GAAP
Guidance
Mar, 2025
9,500M 500M 520M 360M 51.3 32 May 14, 2024 J-GAAP
YoY +1.1% +19.6% +7.4% +11.5% +11.2%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Jul - Sep, 2023
2,998M 284M 291M 175M 25.0 9.5 Oct 30, 2023 J-GAAP
Oct - Dec, 2023
1,504M -111M -85M -32M -4.6 -7.4 Jan 31, 2024 J-GAAP
Jan - Mar, 2024
2,539M 80M 91M 42M 6.0 3.2 May 14, 2024 J-GAAP
Apr - Jun, 2024
1,878M 52M 70M 188M 26.9 2.8 Jul 29, 2024 J-GAAP
Jul - Sep, 2024
2,211M 150M 150M 122M 17.4 6.8 Oct 30, 2024 J-GAAP
YoY -26.3% -47.2% -48.5% -30.3% -30.3%