Nakamichi Leasing Co., Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 40%, Exceeds Full-Year Plan

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Fri Nov 8, 2024 2:20 pm JST Earnings

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

Earnings Report

Nakamichi Leasing Co., Ltd. <8594> [SapporoSE] announced its financial results in the afternoon session on November 8th (14:20). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 1.5 billion yen, an increase of 40.1% compared to the same period last year. The progress rate against the full-year plan of 1.5 billion yen is 100.1%, already exceeding the target and also exceeding the five-year average of 87.1%.

Based on the third-quarter cumulative performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 1 million yen (compared to a profit of 195 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the ordinary profit increased by 74.1% from the same period last year, reaching 773 million yen. The operating profit margin improved from 3.3% in the same period last year to 5.0%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	32,879	668	806	520	70.1	88.8	Nov 9, 2022	J-GAAP
Jan - Sep, 2023	31,890	882	1,071	660	88.7	84.6	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	36,189	1,288	1,501	1,032	138.5	100.1	Nov 8, 2024	J-GAAP
YoY	+13.5%	+46.0%	+40.1%	+56.4%	+56.1%

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%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,328	345	444	235	31.6	3.3	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	11,287	162	195	88	11.8	1.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	11,130	277	362	251	33.8	2.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	11,389	331	366	250	33.5	2.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	13,670	680	773	531	71.3	5.0	Nov 8, 2024	J-GAAP
YoY	+32.4%	+97.1%	+74.1%	+126.0%	+125.6%