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NITTAN Corporation, The Current Fiscal Year Ordinary Profit Revised Downward by 22%

Wed Oct 30, 2024 4:00 pm JST Revision

6493 NITTAN Corporation 【J-GAAP】

Guidance Update Report

NITTAN Corporation <6493> [TSE-S] announced a performance revision after the market closed on October 30th (16:00). The consolidated ordinary profit for the fiscal year ending March 2025 has downwardly by 21.9%, from the previous forecast of 2.37 billion yen to 1.85 billion yen (compared to 2.48 billion yen in the previous period), leading to an increase in the profit decline rate from 4.5% to 25.5%.

At the same time, the April to September period (first half) consolidated ordinary profit has downwardly by 31.8%, from the previous forecast of 900 million yen to 614 million yen (compared to 1.3 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 31.0% to 52.9%.

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Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 25,100 760 900 255 8.9 6 May 13, 2024 J-GAAP
Apr - Sep, 2024 New 25,552 333 614 54 1.9 6 Oct 30, 2024 J-GAAP
Revision Rate +1.8% -56.2% -31.8% -78.8% -78.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 52,200 2,180 2,370 1,050 36.5 12 May 13, 2024 J-GAAP
Mar, 2025 New 50,000 1,750 1,850 700 24.3 12 Oct 30, 2024 J-GAAP
Revision Rate -4.2% -19.7% -21.9% -33.3% -33.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 24,841 1,068 1,304 423 14.8 5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 Guidance 25,552 333 614 54 1.9 6 Oct 30, 2024 J-GAAP
YoY +2.9% -68.8% -52.9% -87.2% -87.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 41,876 1,440 1,759 391 13.6 9 May 12, 2023 J-GAAP
Mar, 2024 49,478 2,023 2,482 601 20.9 12 May 13, 2024 J-GAAP
Mar, 2025 Guidance 50,000 1,750 1,850 700 24.3 12 Oct 30, 2024 J-GAAP
YoY +1.1% -13.5% -25.5% +16.5% +16.3%

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