NANYO CORPORATION, First Half Ordinary Profit Increases by 10%, July-September Ordinary Profit Increases by 40%

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Fri Nov 8, 2024 1:30 pm JST Earnings

7417 NANYO CORPORATION 【J-GAAP】

Earnings Report

NANYO CORPORATION <7417> [TSE-S] announced its financial results in the afternoon session on November 8th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 9.8% from the same period last year, reaching 1.49 billion yen. The progress rate against the 2.7 billion yen full-year plan was 55.4%, also surpassing the five-year average of 44.0%.

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 28.1% from the same period last year to 1.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 40.2% from the same period last year, reaching 747 million yen. The operating profit margin improved from 5.4% in the same period last year to 7.9%.

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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	18,593	1,257	1,438	913	71.6	44.6	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	18,088	1,200	1,364	871	68.3	44.9	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	17,657	1,343	1,497	984	78.8	55.4	Nov 8, 2024	J-GAAP
YoY	-2.4%	+11.9%	+9.8%	+13.0%	+15.5%

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	17,600	1,340	1,490	980	78.4	10	Oct 21, 2024	J-GAAP
Apr - Sep, 2024 Results	17,657	1,343	1,497	984	78.8	10	Nov 8, 2024	J-GAAP
Revision Rate	+0.3%	+0.2%	+0.5%	+0.4%	+0.5%

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	19,903	1,585	1,672	1,120	88.1	43	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	18,843	1,157	1,203	766	61.3	39	Nov 8, 2024	J-GAAP
YoY	-5.3%	-27.0%	-28.1%	-31.6%	-30.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	39,339	2,967	3,225	2,146	168.3	50.50	May 11, 2023	J-GAAP
Mar, 2024	37,991	2,785	3,036	1,991	156.6	50.50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	36,500	2,500	2,700	1,750	140.0	49	Oct 21, 2024	J-GAAP
YoY	-3.9%	-10.2%	-11.1%	-12.1%	-10.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,470	458	533	338	26.5	5.4	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	9,400	829	862	570	44.7	8.8	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	10,503	756	810	550	43.3	7.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	8,612	629	750	486	39.0	7.3	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	9,045	714	747	498	39.9	7.9	Nov 8, 2024	J-GAAP
YoY	+6.8%	+55.9%	+40.2%	+47.3%	+50.6%