NICHIDAI CORPORATION, First Half Ordinary Profit Turns to Profit

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Fri Nov 1, 2024 3:10 pm JST Earnings

6467 NICHIDAI CORPORATION 【J-GAAP】

Earnings Report

NICHIDAI CORPORATION <6467> [TSE-S] announced its financial results after the market closed on November 1st (15:10). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 92 million yen (compared to a loss of 119 million yen in the same period last year), exceeded the previous forecast of 15 million yen.

The progress rate against the 100 million yen full-year plan was 92.0%.

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 significant drop by 95.6% from the same period last year to 8 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 18 million yen (compared to a loss of 88 million yen in the same period last year). The operating profit/loss margin significantly improved from -3.9% in the same period last year to -0.7%.

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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	5,248	-143	-25	-151	-16.7	ー	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	5,426	-188	-119	-168	-18.6	ー	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	5,842	70	92	23	2.6	92.0	Nov 1, 2024	J-GAAP
YoY	+7.7%	－	－	－	－

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	5,870	2	15	-20	-2.2	2	May 1, 2024	J-GAAP
Apr - Sep, 2024 Results	5,842	70	92	23	2.6	2	Nov 1, 2024	J-GAAP
Revision Rate	-0.5%	+3,400.0%	+513.3%	－	－

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	5,897	146	183	212	24.0	2	May 1, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,058	10	8	27	3.0	4	Nov 1, 2024	J-GAAP
YoY	+2.7%	-93.2%	-95.6%	-87.3%	-87.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,847	-202	-65	-484	-53.6	6	May 1, 2023	J-GAAP
Mar, 2024	11,323	-42	64	44	5.0	6	May 1, 2024	J-GAAP
Mar, 2025 Guidance	11,900	80	100	50	5.5	6	May 1, 2024	J-GAAP
YoY	+5.1%	－	+56.3%	+13.6%	+11.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,749	-106	-88	-125	-13.9	-3.9	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	2,846	27	44	39	4.3	0.9	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	3,051	119	139	173	19.5	3.9	May 1, 2024	J-GAAP
Apr - Jun, 2024	2,766	92	110	51	5.7	3.3	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	3,076	-22	-18	-28	-3.1	-0.7	Nov 1, 2024	J-GAAP
YoY	+11.9%	+79.2%	+79.5%	+77.6%	+77.4%