NIKKATO CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward by 24%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Nov 1, 2024 3:00 pm JST Earnings

5367 NIKKATO CORPORATION 【J-GAAP】

Earnings Report

NIKKATO CORPORATION <5367> [TSE-S] announced its financial results after the market closed on November 1st (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 22.0% from the same period last year to 407 million yen, fell short of the previous forecast of 480 million yen.

In addition, the full-year ordinary profit has downwardly by 24.2%, from the previous forecast of 990 million yen to 750 million yen (compared to 992 million yen in the previous period), leading to an increase in the profit decline rate from 0.2% to 24.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 27.0% from the same period last year to 343 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 236 million yen, a 6.7% decrease compared to the same period last year. The operating profit margin worsened from 9.8% in the same period last year to 8.5%.

Kabutan News

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	5,301	542	572	396	33.2	48.6	Nov 1, 2022	J-GAAP
Apr - Sep, 2023	5,033	491	522	363	30.4	52.6	Nov 1, 2023	J-GAAP
Apr - Sep, 2024	4,932	368	407	285	23.8	54.3	Nov 1, 2024	J-GAAP
YoY	-2.0%	-25.1%	-22.0%	-21.5%	-21.6%

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	4,800	450	480	340	28.5	10	May 1, 2024	J-GAAP
Apr - Sep, 2024 Results	4,932	368	407	285	23.8	10	Nov 1, 2024	J-GAAP
Revision Rate	+2.8%	-18.2%	-15.2%	-16.2%	-16.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	10,300	950	990	700	58.6	21	May 1, 2024	J-GAAP
Mar, 2025 New	10,000	700	750	530	44.4	21	Nov 1, 2024	J-GAAP
Revision Rate	-2.9%	-26.3%	-24.2%	-24.3%	-24.3%

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	5,206	427	470	339	28.4	13	May 1, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,068	332	343	245	20.5	11	Nov 1, 2024	J-GAAP
YoY	-2.7%	-22.2%	-27.0%	-27.7%	-27.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,733	1,102	1,177	835	70.0	23	May 1, 2023	J-GAAP
Mar, 2024	10,239	918	992	702	58.8	24	May 1, 2024	J-GAAP
Mar, 2025 Guidance	10,000	700	750	530	44.4	21	Nov 1, 2024	J-GAAP
YoY	-2.3%	-23.7%	-24.4%	-24.5%	-24.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,561	250	253	174	14.6	9.8	Nov 1, 2023	J-GAAP
Oct - Dec, 2023	2,345	146	168	119	10.0	6.2	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	2,861	281	302	220	18.4	9.8	May 1, 2024	J-GAAP
Apr - Jun, 2024	2,311	146	171	119	10.0	6.3	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	2,621	222	236	166	13.9	8.5	Nov 1, 2024	J-GAAP
YoY	+2.3%	-11.2%	-6.7%	-4.6%	-4.7%