Nojima Corporation, First Half Ordinary Profit Increases by 46%, Current Fiscal Year Dividend Revised Upward by 4 yen

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Thu Oct 31, 2024 12:00 pm JST Earnings

7419 Nojima Corporation 【J-GAAP】

Earnings Report

Nojima Corporation <7419> [TSE-P] announced its financial results at noon (12:00) on October 31st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 21.4 billion yen, an increase of 46.2% compared to the same period last year, exceeded the previous forecast of 16 billion yen.

The progress rate against the 34 billion yen full-year plan was 63.1%, also surpassing the five-year average of 52.3%.

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 drop by 31.3% from the same period last year to 12.5 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 36 yen to 40 yen (compared to 33 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 43.5% from the same period last year, reaching 12.8 billion yen. The operating profit margin improved from 4.5% in the same period last year to 6.0%.

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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	272,338	17,415	19,053	12,764	130.8	52.6	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	358,065	13,511	14,675	9,198	93.6	44.6	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	393,106	19,968	21,448	14,198	146.0	63.1	Oct 31, 2024	J-GAAP
YoY	+9.8%	+47.8%	+46.2%	+54.4%	+55.9%

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	374,000	15,000	16,000	10,000	103.5	18	May 7, 2024	J-GAAP
Apr - Sep, 2024 Results	393,106	19,968	21,448	14,198	146.0	20	Oct 31, 2024	J-GAAP
Revision Rate	+5.1%	+33.1%	+34.1%	+42.0%	+41.1%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	765,000	31,000	34,000	21,000	220.3	36	May 7, 2024	J-GAAP
Mar, 2025 New	765,000	31,000	34,000	21,000	220.3	40	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	403,236	17,049	18,262	10,781	109.9	18	May 7, 2024	J-GAAP
Oct - Mar, 2024 Guidance	371,894	11,032	12,552	6,802	71.3	20	Oct 31, 2024	J-GAAP
YoY	-7.8%	-35.3%	-31.3%	-36.9%	-35.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	626,181	33,572	36,246	23,315	238.8	28	May 9, 2023	J-GAAP
Mar, 2024	761,301	30,560	32,937	19,979	203.7	33	May 7, 2024	J-GAAP
Mar, 2025 Guidance	765,000	31,000	34,000	21,000	220.3	40	Oct 31, 2024	J-GAAP
YoY	+0.5%	+1.4%	+3.2%	+5.1%	+8.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	186,355	8,320	8,928	5,882	59.9	4.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	202,584	7,776	8,493	5,017	51.1	3.8	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	200,652	9,273	9,769	5,764	58.8	4.6	May 7, 2024	J-GAAP
Apr - Jun, 2024	189,064	7,779	8,635	5,595	57.3	4.1	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	204,042	12,189	12,813	8,603	88.5	6.0	Oct 31, 2024	J-GAAP
YoY	+9.5%	+46.5%	+43.5%	+46.3%	+47.8%