Nippon Signal Company,Limited, July-September (2Q) Ordinary Profit Decreases by 11%

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Tue Nov 5, 2024 1:00 pm JST Earnings

6741 Nippon Signal Company,Limited 【J-GAAP】

Earnings Report

Nippon Signal Company,Limited <6741> [TSE-P] announced its financial results in the afternoon session on November 5th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.3 times that of the same period last year, reaching 2.48 billion yen. However, The progress rate against the 8.8 billion yen full-year plan was 28.3%, almost the same as the five-year average of 25.7%.

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 7.0% from the same period last year to 6.31 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.86 billion yen, a 11.1% decrease compared to the same period last year. The operating profit margin worsened from 9.4% in the same period last year to 8.4%.

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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	35,054	992	1,673	727	11.7	28.3	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	34,194	357	1,105	519	8.3	14.0	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	40,380	1,794	2,487	1,631	26.2	28.3	Nov 5, 2024	J-GAAP
YoY	+18.1%	+402.5%	+125.1%	+214.3%	+214.0%

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	ー	ー	ー	ー	－	10	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	40,380	1,794	2,487	1,631	26.2	10	Nov 5, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	64,342	6,467	6,788	4,827	77.4	24	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	59,620	6,206	6,313	4,069	65.2	21	Nov 5, 2024	J-GAAP
YoY	-7.3%	-4.0%	-7.0%	-15.7%	-15.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	85,456	5,112	5,915	4,075	65.3	27	May 10, 2023	J-GAAP
Mar, 2024	98,536	6,824	7,893	5,346	85.7	31	May 14, 2024	J-GAAP
Mar, 2025 Guidance	100,000	8,000	8,800	5,700	91.4	31	May 14, 2024	J-GAAP
YoY	+1.5%	+17.2%	+11.5%	+6.6%	+6.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	20,039	1,878	2,102	1,586	25.5	9.4	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	22,911	1,038	1,046	148	2.4	4.5	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	41,431	5,429	5,742	4,679	75.0	13.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	16,654	-202	618	2	0.0	-1.2	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	23,726	1,996	1,869	1,629	26.1	8.4	Nov 5, 2024	J-GAAP
YoY	+18.4%	+6.3%	-11.1%	+2.7%	+2.6%