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NEC Capital Solutions Limited, First Half Ordinary Profit Increases by 65%

Wed Oct 30, 2024 3:30 pm JST Earnings

8793 NEC Capital Solutions Limited 【J-GAAP】

Earnings Report

NEC Capital Solutions Limited <8793> [TSE-P] announced its financial results after the market closed on October 30th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 5.33 billion yen, an increase of 64.7% compared to the same period last year. However, The progress rate against the 12.5 billion yen full-year plan was 42.7%, also falling below the five-year average of 57.7%.

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 decrease by 16.5% from the same period last year to 7.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.0 times that of the same period last year, reaching 1.64 billion yen. The operating profit margin improved from 1.9% in the same period last year to 3.4%.

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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 135,673 7,462 8,608 4,411 204.9 69.2 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 124,010 3,741 3,240 1,944 90.3 27.4 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 123,732 4,733 5,337 3,384 157.1 42.7 Oct 30, 2024 J-GAAP
YoY -0.2% +26.5% +64.7% +74.1% +74.0%

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 75 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 123,732 4,733 5,337 3,384 157.1 75 Oct 30, 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 131,847 7,953 8,578 5,090 236.4 65 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 136,268 7,267 7,163 4,616 214.3 75 Oct 30, 2024 J-GAAP
YoY +3.4% -8.6% -16.5% -9.3% -9.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 258,107 11,715 12,440 6,418 298.1 110 Apr 28, 2023 J-GAAP
Mar, 2024 255,857 11,694 11,818 7,034 326.7 130 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 260,000 12,000 12,500 8,000 371.4 150 Apr 26, 2024 J-GAAP
YoY +1.6% +2.6% +5.8% +13.7% +13.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 63,531 1,192 816 544 25.3 1.9 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 63,549 3,515 3,681 1,566 72.7 5.5 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 68,298 4,438 4,897 3,524 163.7 6.5 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 61,536 2,603 3,695 2,297 106.7 4.2 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 62,196 2,130 1,642 1,087 50.5 3.4 Oct 30, 2024 J-GAAP
YoY -2.1% +78.7% +101.2% +99.8% +99.8%

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