Nippon Information Development Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 1% Increase, Adds to Record High Profit

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

2349 Nippon Information Development Co.,Ltd. 【J-GAAP】

Earnings Report

Nippon Information Development Co.,Ltd. <2349> [TSE-S] announced its financial results after the market closed on November 1st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 23.4% from the same period last year, reaching 1.71 billion yen, resulting in an increase in profits compared to the previous forecast of a 15.1% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 14.9%, from the previous forecast of 2.76 billion yen to 3.17 billion yen (compared to 3.12 billion yen in the previous period), record profits reach four consecutive terms, turning to a 1.4% increase in the consolidated ordinary profit outlook.

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 decrease by 16.2% from the same period last year to 1.45 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 24.1% from the same period last year, reaching 1 billion yen. The operating profit margin rose from 13.0% in the same period last year to 15.0%.

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	9,478	1,064	1,156	1,014	91.4	42.2	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	10,554	1,225	1,390	926	83.8	44.5	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	11,996	1,521	1,715	1,130	103.4	54.1	Nov 1, 2024	J-GAAP
YoY	+13.7%	+24.2%	+23.4%	+22.0%	+23.5%

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	11,500	1,100	1,180	820	75.1	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	11,996	1,521	1,715	1,130	103.4	－	Nov 1, 2024	J-GAAP
Revision Rate	+4.3%	+38.3%	+45.3%	+37.8%	+37.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	23,300	2,600	2,760	1,890	173.0	28	May 14, 2024	J-GAAP
Mar, 2025 New	24,000	2,900	3,170	2,180	199.5	28	Nov 1, 2024	J-GAAP
Revision Rate	+3.0%	+11.5%	+14.9%	+15.3%	+15.3%

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	12,017	1,584	1,736	1,182	107.6	27	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,004	1,379	1,455	1,050	96.1	28	Nov 1, 2024	J-GAAP
YoY	-0.1%	-12.9%	-16.2%	-11.2%	-10.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	20,449	2,544	2,742	2,210	199.0	26	May 12, 2023	J-GAAP
Mar, 2024	22,571	2,809	3,126	2,108	191.8	27	May 14, 2024	J-GAAP
Mar, 2025 Guidance	24,000	2,900	3,170	2,180	199.5	28	Nov 1, 2024	J-GAAP
YoY	+6.3%	+3.2%	+1.4%	+3.4%	+4.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,540	720	813	544	49.2	13.0	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	5,536	741	811	538	48.9	13.4	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	6,481	843	925	644	58.6	13.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	5,607	564	706	453	41.5	10.1	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	6,389	957	1,009	677	62.0	15.0	Nov 1, 2024	J-GAAP
YoY	+15.3%	+32.9%	+24.1%	+24.4%	+25.9%