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

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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%