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NOZAWA CORPORATION, First Half Ordinary Profit Decreases by 11%, July-September Ordinary Profit Decreases by 19%

Fri Nov 8, 2024 11:00 am JST Earnings

5237 NOZAWA CORPORATION 【J-GAAP】

Earnings Report

NOZAWA CORPORATION <5237> [TSE-S] announced its financial results in the morning on November 8th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 10.6% from the same period last year to 1.02 billion yen. The progress rate against the 2.1 billion yen full-year plan was 48.9%, also falling below 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 expand by 36.0% from the same period last year, reaching 1.07 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 516 million yen, a 19.0% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 9.1% in the same period last year to 8.8%.

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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 10,217 603 711 415 36.5 62.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 12,028 1,040 1,149 320 28.0 59.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 11,175 937 1,027 577 50.1 48.9 Nov 8, 2024 J-GAAP
YoY -7.1% -9.9% -10.6% +80.3% +78.8%

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 11,000 870 910 600 52.0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 11,175 937 1,027 577 50.1 Nov 8, 2024 J-GAAP
Revision Rate +1.6% +7.7% +12.9% -3.8% -3.7%

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 11,046 740 789 554 48.4 35 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,325 1,063 1,073 823 71.3 35 Nov 8, 2024 J-GAAP
YoY +11.6% +43.6% +36.0% +48.6% +47.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 20,975 1,007 1,147 486 42.7 35 May 12, 2023 J-GAAP
Mar, 2024 23,074 1,780 1,938 874 76.3 35 May 10, 2024 J-GAAP
Mar, 2025 Guidance 23,500 2,000 2,100 1,400 121.3 35 May 10, 2024 J-GAAP
YoY +1.8% +12.4% +8.4% +60.2% +58.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,318 577 637 393 34.4 9.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 6,115 579 606 410 35.8 9.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,931 161 183 144 12.6 3.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,530 438 511 290 25.2 7.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 5,645 499 516 287 24.9 8.8 Nov 8, 2024 J-GAAP
YoY -10.7% -13.5% -19.0% -27.0% -27.6%

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