NAGAHORI CORPORATION, First Half Ordinary Profit Decreases by 27%, July-September Ordinary Profit Decreases by 39%

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Fri Nov 8, 2024 3:30 pm JST Earnings

8139 NAGAHORI CORPORATION 【J-GAAP】

Earnings Report

NAGAHORI CORPORATION <8139> [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) decreased by 27.4% from the same period last year to 310 million yen. The progress rate against the 720 million yen full-year plan was 43.1%, which was higher than the four-year average of 34.9%.

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 decrease by 28.2% from the same period last year to 410 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 184 million yen, a 39.5% decrease compared to the same period last year. The operating profit margin worsened from 5.4% in the same period last year to 3.8%.

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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	8,533	124	131	-85	-5.6	24.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	10,540	429	427	192	12.5	42.8	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	11,177	339	310	139	9.1	43.1	Nov 8, 2024	J-GAAP
YoY	+6.0%	-21.0%	-27.4%	-27.6%	-27.7%

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	10,500	360	330	170	11.1	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	11,177	339	310	139	9.1	0	Nov 8, 2024	J-GAAP
Revision Rate	+6.4%	-5.8%	-6.1%	-18.2%	-18.2%

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	11,280	593	571	327	21.4	13	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,823	461	410	261	17.0	10	Nov 8, 2024	J-GAAP
YoY	-12.9%	-22.3%	-28.2%	-20.2%	-20.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	17,673	547	537	60	4.0	5	May 12, 2023	J-GAAP
Mar, 2024	21,820	1,022	998	519	33.9	13	May 10, 2024	J-GAAP
Mar, 2025 Guidance	21,000	800	720	400	26.1	10	May 10, 2024	J-GAAP
YoY	-3.8%	-21.7%	-27.9%	-22.9%	-23.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,672	309	304	190	12.4	5.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	5,867	339	322	201	13.1	5.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	5,413	254	249	126	8.2	4.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	5,472	122	126	46	3.1	2.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	5,705	217	184	93	6.1	3.8	Nov 8, 2024	J-GAAP
YoY	+0.6%	-29.8%	-39.5%	-51.1%	-51.1%