NCD Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 23%, Adds to Record High Profit Forecast, Dividend Revised Upward by 12 yen

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Fri Nov 8, 2024 3:30 pm JST Earnings

4783 NCD Co., Ltd. 【J-GAAP】

Earnings Report

NCD Co., Ltd. <4783> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.42 billion yen, an increase of 57.2% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 22.7%, from the previous forecast of 2.2 billion yen to 2.7 billion yen (compared to 2.14 billion yen in the previous period), increasing the growth rate from 2.8% to 26.2%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 3.3% from the same period last year, reaching 1.27 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 54 yen to 66 yen (compared to 50 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 41.4% from the same period last year, reaching 918 million yen. The operating profit margin rose from 10.6% in the same period last year to 11.8%.

Kabutan News

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	10,672	513	523	324	40.2	43.2	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	11,904	900	907	600	74.0	42.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	14,759	1,404	1,426	960	117.4	52.8	Nov 8, 2024	J-GAAP
YoY	+24.0%	+56.0%	+57.2%	+60.0%	+58.6%

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	ー	ー	ー	ー	－	27	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	14,759	1,404	1,426	960	117.4	33	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	28,000	2,200	2,200	1,450	177.3	54	May 13, 2024	J-GAAP
Mar, 2025 New	30,000	2,700	2,700	1,800	220.0	66	Nov 8, 2024	J-GAAP
Revision Rate	+7.1%	+22.7%	+22.7%	+24.1%	+24.1%

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	13,577	1,215	1,233	787	96.7	34	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,241	1,296	1,274	840	102.7	33	Nov 8, 2024	J-GAAP
YoY	+12.3%	+6.7%	+3.3%	+6.7%	+6.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	22,853	1,195	1,212	672	83.3	20	May 15, 2023	J-GAAP
Mar, 2024	25,481	2,115	2,140	1,387	170.4	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	30,000	2,700	2,700	1,800	220.0	66	Nov 8, 2024	J-GAAP
YoY	+17.7%	+27.7%	+26.2%	+29.8%	+29.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,130	648	649	434	53.6	10.6	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	6,309	592	598	388	47.7	9.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	7,268	623	635	399	49.0	8.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	7,033	489	508	326	39.9	7.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,726	915	918	634	77.6	11.8	Nov 8, 2024	J-GAAP
YoY	+26.0%	+41.2%	+41.4%	+46.1%	+44.8%