NIPPON KODOSHI CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 11%

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Thu Oct 31, 2024 3:30 pm JST Earnings

3891 NIPPON KODOSHI CORPORATION 【J-GAAP】

Earnings Report

NIPPON KODOSHI CORPORATION <3891> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.2% from the same period last year, reaching 1.64 billion yen, resulting in an increase in profits compared to the previous forecast of a 14.6% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 11.1%, from the previous forecast of 2.7 billion yen to 3 billion yen (compared to 2.02 billion yen in the previous period), increasing the growth rate from 33.6% to 48.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 2.7 times that of the same period last year, reaching 1.35 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 13.0% from the same period last year, reaching 749 million yen. The operating profit margin jumped from 14.9% in the same period last year to 22.1%.

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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	8,992	1,929	2,314	1,608	149.4	65.5	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	7,791	1,267	1,523	1,099	103.2	75.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	8,214	1,725	1,648	1,183	111.3	54.9	Oct 31, 2024	J-GAAP
YoY	+5.4%	+36.1%	+8.2%	+7.6%	+7.9%

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	7,600	1,300	1,300	900	84.6	25	Apr 24, 2024	J-GAAP
Apr - Sep, 2024 Results	8,214	1,725	1,648	1,183	111.3	25	Oct 31, 2024	J-GAAP
Revision Rate	+8.1%	+32.7%	+26.8%	+31.4%	+31.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	16,000	2,700	2,700	1,900	178.6	50	Apr 24, 2024	J-GAAP
Mar, 2025 New	16,500	3,000	3,000	2,100	197.4	50	Oct 31, 2024	J-GAAP
Revision Rate	+3.1%	+11.1%	+11.1%	+10.5%	+10.5%

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	7,037	452	498	380	35.7	25	Apr 24, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,286	1,275	1,352	917	86.2	25	Oct 31, 2024	J-GAAP
YoY	+17.7%	+182.1%	+171.5%	+141.3%	+141.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	17,586	3,327	3,532	2,468	229.2	50	Apr 27, 2023	J-GAAP
Mar, 2024	14,828	1,719	2,021	1,479	139.0	50	Apr 24, 2024	J-GAAP
Mar, 2025 Guidance	16,500	3,000	3,000	2,100	197.4	50	Oct 31, 2024	J-GAAP
YoY	+11.3%	+74.5%	+48.4%	+42.0%	+42.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,795	567	663	502	47.1	14.9	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	3,478	360	323	250	23.5	10.4	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	3,559	92	175	130	12.2	2.6	Apr 24, 2024	J-GAAP
Apr - Jun, 2024	3,898	773	899	657	61.9	19.8	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	4,316	952	749	526	49.5	22.1	Oct 31, 2024	J-GAAP
YoY	+13.7%	+67.9%	+13.0%	+4.8%	+5.0%