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NIPPON RIETEC CO.,LTD., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Increases by 62%

Thu Nov 7, 2024 4:00 pm JST Earnings

1938 NIPPON RIETEC CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON 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

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 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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