NIFCO INC., First Half Ordinary Profit Increases by 0.5％

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Thu Oct 31, 2024 1:00 pm JST Earnings

7988 NIFCO INC. 【J-GAAP】

Earnings Report

NIFCO INC. <7988> [TSE-P] announced its financial results in the afternoon session on October 31st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 25.1 billion yen, a 0.5% increase compared to the same period last year. The progress rate against the 44.2 billion yen full-year plan was 56.9%, also surpassing the five-year average of 45.6%.

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 22.7% from the same period last year to 19 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 11 billion yen, a 5.3% decrease compared to the same period last year. However, the operating profit margin rose from 11.6% in the same period last year to 14.7%.

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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	148,350	15,217	20,345	13,840	138.1	53.7	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	178,835	20,682	25,027	17,335	173.7	50.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	176,198	25,132	25,151	15,396	157.2	56.9	Oct 31, 2024	J-GAAP
YoY	-1.5%	+21.5%	+0.5%	-11.2%	-9.5%

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	ー	ー	ー	ー	－	35	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	176,198	25,132	25,151	15,396	157.2	35	Oct 31, 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	192,804	23,243	24,638	917	9.2	32	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	163,802	19,868	19,049	10,704	111.8	35	Oct 31, 2024	J-GAAP
YoY	-15.0%	-14.5%	-22.7%	+1,067.3%	+1,114.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	321,771	34,439	37,876	21,170	211.3	64	May 12, 2023	J-GAAP
Mar, 2024	371,639	43,925	49,665	18,252	183.3	64	May 13, 2024	J-GAAP
Mar, 2025 Guidance	340,000	45,000	44,200	26,100	272.6	70	May 13, 2024	J-GAAP
YoY	-8.5%	+2.4%	-11.0%	+43.0%	+48.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	90,858	10,536	11,619	7,607	76.2	11.6	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	94,944	10,831	9,615	6,073	60.9	11.4	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	97,860	12,412	15,023	-5,156	-51.8	12.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	86,139	11,889	14,145	8,842	90.0	13.8	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	90,059	13,243	11,006	6,554	66.9	14.7	Oct 31, 2024	J-GAAP
YoY	-0.9%	+25.7%	-5.3%	-13.8%	-12.2%