NIKKON Holdings Co.,Ltd., First Half Ordinary Profit Decreases by 8%, July-September Ordinary Profit Decreases by 26%

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Fri Nov 8, 2024 2:00 pm JST Earnings

9072 NIKKON Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

NIKKON Holdings Co.,Ltd. <9072> [TSE-P] announced its financial results in the afternoon session on November 8th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 8.3% from the same period last year to 10.7 billion yen. The progress rate against the 25.3 billion yen full-year plan was 42.7%, also falling below the five-year average of 46.5%.

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 grow by 19.8% from the same period last year, reaching 14.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 4.26 billion yen, a 25.8% decrease compared to the same period last year. However, the operating profit margin improved from 9.4% in the same period last year to 10.2%.

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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	103,751	8,895	10,303	7,010	54.0	46.6	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	108,327	10,319	11,770	7,981	62.2	49.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	120,361	11,393	10,797	6,536	52.1	42.7	Nov 8, 2024	J-GAAP
YoY	+11.1%	+10.4%	-8.3%	-18.1%	-16.3%

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	120,000	10,900	11,600	7,800	62.7	27	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	120,361	11,393	10,797	6,536	52.1	27	Nov 8, 2024	J-GAAP
Revision Rate	+0.3%	+4.5%	-6.9%	-16.2%	-16.9%

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	113,997	10,916	12,105	8,627	67.8	27.50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	129,639	12,607	14,503	10,464	86.6	27	Nov 8, 2024	J-GAAP
YoY	+13.7%	+15.5%	+19.8%	+21.3%	+27.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	212,071	19,580	22,108	15,913	123.3	49.50	May 12, 2023	J-GAAP
Mar, 2024	222,324	21,235	23,875	16,608	130.5	52.50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	250,000	24,000	25,300	17,000	140.6	54	Jun 7, 2024	J-GAAP
YoY	+12.4%	+13.0%	+6.0%	+2.4%	+7.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	54,875	5,147	5,745	3,938	30.7	9.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	58,224	5,678	6,279	4,307	33.7	9.8	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	55,773	5,238	5,826	4,320	34.0	9.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	57,968	5,058	6,536	4,450	35.3	8.7	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	62,393	6,335	4,261	2,086	16.6	10.2	Nov 8, 2024	J-GAAP
YoY	+13.7%	+23.1%	-25.8%	-47.0%	-45.9%