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NIPPON RIETEC CO.,LTD., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Increases by 62%
1938 NIPPON RIETEC CO.,LTD. 【J-GAAP】
Earnings ReportNIPPON RIETEC CO.,LTD. <1938> [TSE-P] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 1.1 billion yen (compared to a loss of 36 million yen in the same period last year). The progress rate against the 4 billion yen full-year plan was 27.5%.
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 26.5% from the same period last year to 2.9 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 62.2% from the same period last year, reaching 1.35 billion yen. The operating profit margin improved from 5.9% in the same period last year to 7.3%.
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Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Apr - Sep, 2022 | 20,010 | -1,055 | -927 | -714 | -28.4 | ー | Nov 7, 2022 | J-GAAP |
Apr - Sep, 2023 | 21,717 | -149 | -36 | -78 | -3.2 | ー | Nov 8, 2023 | J-GAAP |
Apr - Sep, 2024 | 26,989 | 786 | 1,100 | 775 | 31.3 | 27.5 | Nov 7, 2024 | J-GAAP |
YoY | +24.3% | - | - | - | - |
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 | - | - | May 14, 2024 | J-GAAP |
Apr - Sep, 2024 Results | 26,989 | 786 | 1,100 | 775 | 31.3 | - | 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 | 36,825 | 3,581 | 3,946 | 2,848 | 114.5 | 35 | May 14, 2024 | J-GAAP |
Oct - Mar, 2024 Guidance | 36,711 | 2,714 | 2,900 | 2,025 | 81.8 | 36 | Nov 7, 2024 | J-GAAP |
YoY | -0.3% | -24.2% | -26.5% | -28.9% | -28.5% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2023 | 53,745 | 2,688 | 3,081 | 2,137 | 85.1 | 27 | May 11, 2023 | J-GAAP |
Mar, 2024 | 58,542 | 3,432 | 3,910 | 2,770 | 111.4 | 35 | May 14, 2024 | J-GAAP |
Mar, 2025 Guidance | 63,700 | 3,500 | 4,000 | 2,800 | 113.1 | 36 | May 14, 2024 | J-GAAP |
YoY | +8.8% | +2.0% | +2.3% | +1.1% | +1.6% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jul - Sep, 2023 | 12,703 | 744 | 837 | 575 | 23.2 | 5.9 | Nov 8, 2023 | J-GAAP |
Oct - Dec, 2023 | 14,681 | 610 | 829 | 572 | 23.0 | 4.2 | Feb 8, 2024 | J-GAAP |
Jan - Mar, 2024 | 22,144 | 2,971 | 3,117 | 2,276 | 91.5 | 13.4 | May 14, 2024 | J-GAAP |
Apr - Jun, 2024 | 11,257 | -370 | -258 | -192 | -7.8 | -3.3 | Aug 9, 2024 | J-GAAP |
Jul - Sep, 2024 | 15,732 | 1,156 | 1,358 | 967 | 39.1 | 7.3 | Nov 7, 2024 | J-GAAP |
YoY | +23.8% | +55.4% | +62.2% | +68.2% | +68.3% |
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