kabutan

Nitta Corporation, First Half Ordinary Profit Unexpectedly Revised Upward by 17%

Fri Nov 1, 2024 3:00 pm JST Earnings

5186 Nitta Corporation 【J-GAAP】

Earnings Report

Nitta Corporation <5186> [TSE-P] 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 16.5% from the same period last year, reaching 7.24 billion yen, resulting in an increase in profits compared to the previous forecast of a 5.2% decrease.

The progress rate against the 12 billion yen full-year plan was 60.4%, also surpassing the five-year average of 49.9%.

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 decrease by 17.9% from the same period last year to 4.75 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 14.4% from the same period last year, reaching 3.64 billion yen. The operating profit margin improved from 5.7% in the same period last year to 6.2%.

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 43,036 2,860 6,739 5,370 191.5 52.2 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 43,765 2,526 6,221 5,015 180.2 51.8 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 44,354 2,563 7,248 5,831 209.1 60.4 Nov 1, 2024 J-GAAP
YoY +1.3% +1.5% +16.5% +16.3% +16.0%

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 44,000 2,300 5,900 4,900 177.4 66 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 44,354 2,563 7,248 5,831 209.1 66 Nov 1, 2024 J-GAAP
Revision Rate +0.8% +11.4% +22.8% +19.0% +17.9%

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 44,844 1,895 5,786 4,842 173.8 67 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 45,646 2,237 4,752 4,169 150.6 66 Nov 1, 2024 J-GAAP
YoY +1.8% +18.0% -17.9% -13.9% -13.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 88,000 4,989 12,900 10,853 387.3 110 May 12, 2023 J-GAAP
Mar, 2024 88,609 4,421 12,007 9,857 353.8 122 May 10, 2024 J-GAAP
Mar, 2025 Guidance 90,000 4,800 12,000 10,000 361.3 132 May 10, 2024 J-GAAP
YoY +1.6% +8.6% -0.1% +1.5% +2.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 22,040 1,246 3,185 2,513 90.3 5.7 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 22,864 1,308 3,062 2,615 93.9 5.7 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 21,980 587 2,724 2,227 79.9 2.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 21,634 1,162 3,603 3,015 108.1 5.4 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 22,720 1,401 3,645 2,816 101.0 6.2 Nov 1, 2024 J-GAAP
YoY +3.1% +12.4% +14.4% +12.1% +11.8%

Related Articles