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

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%

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