NTT DATA GROUP CORPORATION, First Half Net Income Increases by 9%, July-September Net Income Increases by 44%

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Wed Nov 6, 2024 3:00 pm JST Earnings

9613 NTT DATA GROUP CORPORATION 【IFRS】

Earnings Report

NTT DATA GROUP CORPORATION <9613> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 6th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 9.0% from the same period last year, reaching 57.7 billion yen. However, The progress rate against the 137 billion yen full-year plan was 42.2%, also falling below the five-year average of 49.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to decrease by 2.0% from the same period last year to 79.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income increased by 44.1% from the same period last year, reaching 36.5 billion yen. The operating profit margin improved from 6.0% in the same period last year to 8.0%.

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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	1,371,423	107,929	110,627	72,771	51.9	45.6	Nov 7, 2022	IFRS
Apr - Sep, 2023	2,078,513	121,872	95,543	53,022	37.8	38.4	Nov 6, 2023	IFRS
Apr - Sep, 2024	2,240,099	149,011	109,825	57,793	41.2	43.1	Nov 6, 2024	IFRS
YoY	+7.8%	+22.3%	+14.9%	+9.0%	+9.0%

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	－	12.50	May 9, 2024	IFRS
Apr - Sep, 2024 Results	2,240,099	149,011	109,825	57,793	41.2	12.50	Nov 6, 2024	IFRS
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	2,288,874	187,679	153,059	80,847	57.7	11.50	May 9, 2024	IFRS
Oct - Mar, 2024 Guidance	2,189,901	186,989	145,175	79,207	56.5	12.50	Nov 6, 2024	IFRS
YoY	-4.3%	-0.4%	-5.2%	-2.0%	-2.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,490,182	259,110	242,800	149,962	107.0	22	May 11, 2023	IFRS
Mar, 2024	4,367,387	309,551	248,602	133,869	95.5	23	May 9, 2024	IFRS
Mar, 2025 Guidance	4,430,000	336,000	255,000	137,000	97.7	25	May 9, 2024	IFRS
YoY	+1.4%	+8.5%	+2.6%	+2.3%	+2.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,063,558	63,570	47,305	25,361	18.1	6.0	Nov 6, 2023	IFRS
Oct - Dec, 2023	1,097,649	75,188	54,607	30,714	21.9	6.8	Feb 7, 2024	IFRS
Jan - Mar, 2024	1,191,225	112,491	98,452	50,133	35.8	9.4	May 9, 2024	IFRS
Apr - Jun, 2024	1,112,098	58,626	41,916	21,245	15.2	5.3	Aug 6, 2024	IFRS
Jul - Sep, 2024	1,128,001	90,385	67,909	36,548	26.1	8.0	Nov 6, 2024	IFRS
YoY	+6.1%	+42.2%	+43.6%	+44.1%	+44.1%