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NIC Autotec,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 4.0 times

Fri Nov 1, 2024 3:00 pm JST Earnings

5742 NIC Autotec,Inc. 【J-GAAP】

Earnings Report

NIC Autotec,Inc. <5742> [TSE-S] announced its financial results after the market closed on November 1st (15:00). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 55 million yen (compared to a loss of 295 million yen in the same period last year), exceeded the previous forecast of 6 million yen.

In addition, the full-year ordinary profit has been revised upward by 4.0 times, from the previous forecast of 22 million yen to 88 million yen (compared to a loss of 482 million yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 33 million yen (compared to a loss of 187 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a profit of profit of 37 million yen (compared to a loss of 218 million yen in the same period last year). The operating profit/loss margin drastically improved from -18.8% in the same period last year to 2.5%.

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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 3,578 18 38 29 5.5 ー Nov 4, 2022 J-GAAP
Apr - Sep, 2023 2,393 -298 -295 -447 -82.2 ー Nov 2, 2023 J-GAAP
Apr - Sep, 2024 2,884 54 55 66 12.2 62.5 Nov 1, 2024 J-GAAP
YoY +20.5% － － － －

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 2,834 4 6 30 5.5 20 Sep 9, 2024 J-GAAP
Apr - Sep, 2024 Results 2,884 54 55 66 12.2 20 Nov 1, 2024 J-GAAP
Revision Rate +1.8% +1,250.0% +816.7% +120.0% +122.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 6,600 25 22 8 1.5 41 Sep 9, 2024 J-GAAP
Mar, 2025 New 6,267 90 88 86 15.8 41 Nov 1, 2024 J-GAAP
Revision Rate -5.0% +260.0% +300.0% +975.0% +973.5%

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 2,459 -180 -187 -152 -27.9 21 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,383 36 33 20 3.7 21 Nov 1, 2024 J-GAAP
YoY +37.6% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,661 -123 -93 -133 -24.6 41 May 12, 2023 J-GAAP
Mar, 2024 4,852 -478 -482 -599 -110.1 41 May 10, 2024 J-GAAP
Mar, 2025 Guidance 6,267 90 88 86 15.8 41 Nov 1, 2024 J-GAAP
YoY +29.2% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,073 -202 -218 -396 -72.8 -18.8 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 1,160 -113 -118 -119 -21.8 -9.7 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 1,299 -67 -69 -33 -6.1 -5.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,390 16 18 40 7.4 1.2 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 1,494 38 37 26 4.8 2.5 Nov 1, 2024 J-GAAP
YoY +39.2% － － － －

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