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NIPPON DENSETSU KOGYO CO.,LTD, July-September (2Q) Ordinary Profit Decreases by 28%

Thu Oct 31, 2024 4:00 pm JST Earnings

1950 NIPPON DENSETSU KOGYO CO.,LTD 【J-GAAP】

Earnings Report

NIPPON DENSETSU KOGYO CO.,LTD <1950> [TSE-P] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 17.6% from the same period last year, reaching 1.03 billion yen. However, The progress rate against the 15.8 billion yen full-year plan was 6.6%, also falling below the five-year average of 13.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 5.5% from the same period last year, reaching 14.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.18 billion yen, a 27.9% decrease compared to the same period last year. The operating profit margin worsened from 3.8% in the same period last year to 2.6%.

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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 60,889 -1,220 -634 -488 -7.9 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 71,039 321 883 483 7.9 5.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 75,625 338 1,038 284 4.8 6.6 Oct 31, 2024 J-GAAP
YoY +6.5% +5.3% +17.6% -41.2% -38.6%

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 Apr 30, 2024 J-GAAP
Apr - Sep, 2024 Results 75,625 338 1,038 284 4.8 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 122,992 13,127 14,017 9,559 156.5 47 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 129,535 14,332 14,792 10,216 173.6 50 Oct 31, 2024 J-GAAP
YoY +5.3% +9.2% +5.5% +6.9% +10.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 172,100 9,658 10,903 7,171 116.7 37 Apr 28, 2023 J-GAAP
Mar, 2024 194,031 13,448 14,900 10,042 164.4 47 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 205,160 14,670 15,830 10,500 178.4 50 Apr 30, 2024 J-GAAP
YoY +5.7% +9.1% +6.2% +4.6% +8.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 42,462 1,595 1,647 961 15.7 3.8 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 46,472 2,842 3,289 2,035 33.1 6.1 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 76,520 10,285 10,728 7,524 123.2 13.4 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 33,011 -774 -149 -42 -0.7 -2.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 42,614 1,112 1,187 326 5.5 2.6 Oct 31, 2024 J-GAAP
YoY +0.4% -30.3% -27.9% -66.1% -64.6%

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