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THE NIPPON ROAD CO.,LTD., July-September (2Q) Ordinary Profit Increases by 33%

Wed Nov 6, 2024 1:00 pm JST Earnings

1884 THE NIPPON ROAD CO.,LTD. 【J-GAAP】

Earnings Report

THE NIPPON ROAD CO.,LTD. <1884> [TSE-P] announced its financial results in the afternoon session on November 6th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 3.4% from the same period last year to 2.81 billion yen. The progress rate against the 8.6 billion yen full-year plan was 32.7%, almost the same as the five-year average of 32.0%.

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 grow by 13.8% from the same period last year, reaching 5.78 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 32.7% from the same period last year, reaching 2.48 billion yen. The operating profit margin improved from 4.7% in the same period last year to 6.1%.

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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 71,709 1,092 1,264 2,281 51.9 21.4 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 74,295 2,817 2,910 1,483 33.8 36.4 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 73,063 2,612 2,812 1,705 38.8 32.7 Nov 6, 2024 J-GAAP
YoY -1.7% -7.3% -3.4% +15.0% +15.0%

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 － － May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 73,063 2,612 2,812 1,705 38.8 － Nov 6, 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 86,224 5,016 5,084 3,570 81.3 60 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 91,937 5,888 5,788 3,495 79.5 60 Nov 6, 2024 J-GAAP
YoY +6.6% +17.4% +13.8% -2.1% -2.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 155,353 5,695 5,920 5,704 129.8 56 May 11, 2023 J-GAAP
Mar, 2024 160,519 7,833 7,994 5,053 115.0 60 May 13, 2024 J-GAAP
Mar, 2025 Guidance 165,000 8,500 8,600 5,200 118.3 60 May 13, 2024 J-GAAP
YoY +2.8% +8.5% +7.6% +2.9% +2.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 38,999 1,843 1,876 863 19.7 4.7 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 44,034 2,579 2,609 2,101 47.8 5.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 42,190 2,437 2,475 1,469 33.4 5.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 34,497 266 323 110 2.5 0.8 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 38,566 2,346 2,489 1,595 36.3 6.1 Nov 6, 2024 J-GAAP
YoY -1.1% +27.3% +32.7% +84.8% +84.8%

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