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

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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	344	437	449	243.0	15.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	2,147	-200	-152	1,050	567.5	-9.3	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%