NIPPON KANZAI Holdings Co.,Ltd., First Half Ordinary Profit Decreases by 7%, July-September Ordinary Profit Decreases by 11%

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Wed Nov 6, 2024 2:00 pm JST Earnings

9347 NIPPON KANZAI Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

NIPPON KANZAI Holdings Co.,Ltd. <9347> [TSE-P] announced its financial results in the afternoon session on November 6th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 7.1% from the same period last year to 4.16 billion yen. The progress rate against the 9 billion yen full-year plan was 46.3%, almost the same as the five-year average of 48.6%.

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 29.2% from the same period last year, reaching 4.83 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.88 billion yen, a 10.6% decrease compared to the same period last year. The operating profit margin worsened from 6.8% in the same period last year to 4.9%.

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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	53,736	4,197	4,747	3,068	82.1	54.8	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	57,003	3,997	4,482	3,045	81.5	54.5	Nov 7, 2023	J-GAAP
Apr - Sep, 2024	65,319	3,730	4,163	2,278	61.2	46.3	Nov 6, 2024	J-GAAP
YoY	+14.6%	-6.7%	-7.1%	-25.2%	-24.9%

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	64,300	3,500	3,700	2,400	65.0	27	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	65,319	3,730	4,163	2,278	61.2	27	Nov 6, 2024	J-GAAP
Revision Rate	+1.6%	+6.6%	+12.5%	-5.1%	-5.9%

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	65,671	4,274	3,743	2,635	70.5	27	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	71,181	4,770	4,837	3,822	103.6	27	Nov 6, 2024	J-GAAP
YoY	+8.4%	+11.6%	+29.2%	+45.0%	+46.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	113,045	8,341	8,662	5,658	151.4	54	May 9, 2023	J-GAAP
Mar, 2024	122,674	8,271	8,225	5,680	152.0	54	May 8, 2024	J-GAAP
Mar, 2025 Guidance	136,500	8,500	9,000	6,100	165.3	54	May 8, 2024	J-GAAP
YoY	+11.3%	+2.8%	+9.4%	+7.4%	+8.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	29,400	1,987	2,104	1,512	40.5	6.8	Nov 7, 2023	J-GAAP
Oct - Dec, 2023	31,038	2,084	2,213	1,590	42.5	6.7	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	34,633	2,190	1,530	1,045	28.0	6.3	May 8, 2024	J-GAAP
Apr - Jun, 2024	31,463	2,062	2,282	429	11.5	6.6	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	33,856	1,668	1,881	1,849	49.7	4.9	Nov 6, 2024	J-GAAP
YoY	+15.2%	-16.1%	-10.6%	+22.3%	+22.8%