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

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 11,537 10,941 6,744 53.7 43.2 Nov 8, 2024 J-GAAP
YoY +11.1% +11.8% -7.0% -15.5% -13.6%

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 11,537 10,941 6,744 53.7 27 Nov 8, 2024 J-GAAP
Revision Rate +0.3% +5.8% -5.7% -13.5% -14.3%

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 12,463 14,359 10,256 84.8 27 Nov 8, 2024 J-GAAP
YoY +13.7% +14.2% +18.6% +18.9% +25.2%

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 6,479 4,405 2,294 18.3 10.4 Nov 8, 2024 J-GAAP
YoY +13.7% +25.9% -23.3% -41.7% -40.5%

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