Nice Corporation, First Half Ordinary Profit Decreases by 34%, July-September Ordinary Profit Decreases by 7%

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Thu Nov 7, 2024 1:00 pm JST Earnings

8089 Nice Corporation 【J-GAAP】

Earnings Report

Nice Corporation <8089> [TSE-S] announced its financial results in the afternoon session on November 7th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 33.8% from the same period last year to 310 million yen. The progress rate against the 4.4 billion yen full-year plan was 7.0%, also falling below the five-year average of 33.6%.

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 5.8% from the same period last year, reaching 4.09 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 236 million yen, a 7.5% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 0.5% in the same period last year to 0.7%.

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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	114,018	2,484	2,302	1,913	162.4	46.5	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	102,100	388	468	2,511	212.8	10.8	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	105,347	470	310	98	8.3	7.0	Nov 7, 2024	J-GAAP
YoY	+3.2%	+21.1%	-33.8%	-96.1%	-96.1%

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	－	25	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	105,347	470	310	98	8.3	25	Nov 7, 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	123,769	4,015	3,864	1,693	143.5	40	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	132,653	4,230	4,090	3,102	261.4	40	Nov 7, 2024	J-GAAP
YoY	+7.2%	+5.4%	+5.8%	+83.2%	+82.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	236,329	5,292	4,949	3,780	320.7	40	May 12, 2023	J-GAAP
Mar, 2024	225,869	4,403	4,332	4,204	356.4	60	May 14, 2024	J-GAAP
Mar, 2025 Guidance	238,000	4,700	4,400	3,200	269.7	65	May 14, 2024	J-GAAP
YoY	+5.4%	+6.7%	+1.6%	-23.9%	-24.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	52,631	277	255	447	37.9	0.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	57,421	742	786	615	52.1	1.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	66,348	3,273	3,078	1,078	91.4	4.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	51,683	116	74	2	0.3	0.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	53,664	354	236	96	8.1	0.7	Nov 7, 2024	J-GAAP
YoY	+2.0%	+27.8%	-7.5%	-78.5%	-78.5%