Nakamichi Leasing Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 18% Increase, Adds to Record High Profit

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Fri Nov 8, 2024 2:15 pm JST Revision

8594 Nakamichi Leasing Co., Ltd. 【J-GAAP】

Guidance Update Report

Nakamichi Leasing Co., Ltd. <8594> [SapporoSE] announced a performance revision in the afternoon session on November 8th (14:15). The ordinary profit (non-consolidated) for the fiscal year ending December 2024 has been revised upward by 36.4%, from the previous forecast of 1.1 billion yen to 1.5 billion yen (compared to 1.26 billion yen in the previous period), record profits reach two consecutive terms, turning to a 18.5% increase in the ordinary profit outlook.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) ordinary profit is expected to increase by 2.1 times, from the previous forecast of 372 million yen to 772 million yen (compared to 639 million yen in the same period of the previous year), turning to a 20.8% increase in the ordinary profit outlook.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	24,481	292	372	219	29.4	12	Aug 9, 2024	J-GAAP
Jul - Dec, 2024 New	24,481	692	772	499	66.9	12	Nov 8, 2024	J-GAAP
Revision Rate	0.0%	+137.0%	+107.5%	+127.9%	+127.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	47,000	900	1,100	720	96.5	12	Aug 9, 2024	J-GAAP
Dec, 2024 New	47,000	1,300	1,500	1,000	134.0	12	Nov 8, 2024	J-GAAP
Revision Rate	0.0%	+44.4%	+36.4%	+38.9%	+38.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	21,615	507	639	323	43.4	12	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	24,481	692	772	499	66.9	12	Nov 8, 2024	J-GAAP
YoY	+13.3%	+36.5%	+20.8%	+54.5%	+54.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	43,568	744	908	567	76.4	8	Feb 14, 2023	J-GAAP
Dec, 2023	43,177	1,044	1,266	748	100.5	12	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	47,000	1,300	1,500	1,000	134.0	12	Nov 8, 2024	J-GAAP
YoY	+8.9%	+24.5%	+18.5%	+33.7%	+33.3%