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NIKKI CO.,LTD., First Half Ordinary Profit Decreases by 30%, Exceeds Full-Year Plan

Thu Oct 31, 2024 3:00 pm JST Earnings

6042 NIKKI CO.,LTD. 【J-GAAP】

Earnings Report

NIKKI CO.,LTD. <6042> [TSE-S] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 30.1% from the same period last year to 694 million yen. The progress rate against the full-year plan of 670 million yen is 103.6%, already exceeding the target and also exceeding the five-year average of 63.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 24 million yen (compared to a profit of 285 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 31.7% from the same period last year, reaching 478 million yen. The operating profit margin rose from 12.6% in the same period last year to 16.1%.

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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 4,314 499 953 351 183.5 67.8 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 4,916 760 993 693 375.2 77.7 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 4,842 666 694 534 288.0 103.6 Oct 31, 2024 J-GAAP
YoY -1.5% -12.4% -30.1% -22.9% -23.3%

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 4,842 666 694 534 287.0 0 Oct 29, 2024 J-GAAP
Apr - Sep, 2024 Results 4,842 666 694 534 288.0 0 Oct 31, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.3%

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 4,439 144 285 1,499 810.1 110 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,558 14 -24 -34 -18.3 110 Oct 29, 2024 J-GAAP
YoY -19.8% -90.3% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,802 1,169 1,405 878 459.7 80 May 15, 2023 J-GAAP
Mar, 2024 9,355 904 1,278 2,192 1,184.7 110 May 15, 2024 J-GAAP
Mar, 2025 Guidance 8,400 680 670 500 268.7 110 Oct 29, 2024 J-GAAP
YoY -10.2% -24.8% -47.6% -77.2% -77.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,429 305 363 255 138.1 12.6 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 2,292 325 418 430 232.6 14.2 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 2,147 -181 -133 1,069 577.8 -8.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,619 308 216 99 53.7 11.8 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 2,223 358 478 435 234.6 16.1 Oct 31, 2024 J-GAAP
YoY -8.5% +17.4% +31.7% +70.6% +69.9%

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