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

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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	ー	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	ー	ー	ー	ー	－	－	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	173.2	50	Oct 31, 2024	J-GAAP
YoY	+5.3%	+9.2%	+5.5%	+6.9%	+10.7%

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	178.1	50	Apr 30, 2024	J-GAAP
YoY	+5.7%	+9.1%	+6.2%	+4.6%	+8.3%

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%