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

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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%.

Kabutan News

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%