NAGASE & CO., LTD., First Half Ordinary Profit Increases by 42%, Current Fiscal Year Dividend Revised Upward by 5 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Nov 6, 2024 3:30 pm JST Earnings

8012 NAGASE & CO., LTD. 【J-GAAP】

Earnings Report

NAGASE & CO., LTD. <8012> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 20.2 billion yen, an increase of 42.5% compared to the same period last year. The progress rate against the 35.2 billion yen full-year plan was 57.7%, also surpassing the five-year average of 52.6%.

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 decrease by 8.8% from the same period last year to 14.9 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 85 yen to 90 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 35.3% from the same period last year, reaching 9.34 billion yen. The operating profit margin improved from 3.3% in the same period last year to 4.3%.

Kabutan News

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	455,549	19,891	20,284	15,594	131.0	62.4	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	450,199	14,483	14,245	10,247	88.5	46.6	Nov 1, 2023	J-GAAP
Apr - Sep, 2024	480,976	21,054	20,297	15,977	142.1	57.7	Nov 6, 2024	J-GAAP
YoY	+6.8%	+45.4%	+42.5%	+55.9%	+60.6%

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	－	40	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	480,976	21,054	20,297	15,977	142.1	45	Nov 6, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	940,000	36,500	35,200	28,000	258.2	85	May 8, 2024	J-GAAP
Mar, 2025 New	940,000	36,500	35,200	28,000	258.2	90	Nov 6, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	449,950	16,135	16,346	12,155	105.8	40	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	459,024	15,446	14,903	12,023	110.9	45	Nov 6, 2024	J-GAAP
YoY	+2.0%	-4.3%	-8.8%	-1.1%	+4.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	912,896	33,371	32,528	23,625	199.5	70	May 9, 2023	J-GAAP
Mar, 2024	900,149	30,618	30,591	22,402	195.0	80	May 8, 2024	J-GAAP
Mar, 2025 Guidance	940,000	36,500	35,200	28,000	258.2	90	Nov 6, 2024	J-GAAP
YoY	+4.4%	+19.2%	+15.1%	+25.0%	+32.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	226,137	7,528	6,907	5,880	50.8	3.3	Nov 1, 2023	J-GAAP
Oct - Dec, 2023	227,533	8,536	8,934	7,754	67.3	3.8	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	222,417	7,599	7,412	4,401	38.3	3.4	May 8, 2024	J-GAAP
Apr - Jun, 2024	239,201	10,734	10,949	7,415	65.4	4.5	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	241,775	10,320	9,348	8,562	76.1	4.3	Nov 6, 2024	J-GAAP
YoY	+6.9%	+37.1%	+35.3%	+45.6%	+50.0%