NAKANO REFRIGERATORS CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 23%, July-September Ordinary Profit Increases by 81%

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Fri Nov 8, 2024 3:35 pm JST Earnings

6411 NAKANO REFRIGERATORS CO.,LTD. 【J-GAAP】

Earnings Report

NAKANO REFRIGERATORS CO.,LTD. <6411> [TSE-S] announced its financial results after the market closed on November 8th (15:35). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 23.0% from the same period last year, reaching 1.99 billion yen. The progress rate against the 2.7 billion yen full-year plan was 73.8%, exceeding the five-year average of 71.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 22.5% from the same period last year to 707 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 81.0% from the same period last year, reaching 532 million yen. The operating profit margin significantly improved from 3.7% in the same period last year to 7.4%.

Kabutan News

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	20,965	614	690	519	103.1	68.2	Nov 8, 2022	J-GAAP
Jan - Sep, 2023	23,451	1,555	1,623	1,127	225.2	64.0	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	23,923	1,930	1,996	1,635	326.8	73.8	Nov 8, 2024	J-GAAP
YoY	+2.0%	+24.1%	+23.0%	+45.1%	+45.1%

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	17,086	1,157	1,206	995	198.9	381	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	18,658	1,193	1,239	1,103	220.2	212	Aug 9, 2024	J-GAAP
YoY	+9.2%	+3.1%	+2.7%	+10.9%	+10.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	27,534	909	1,011	750	149.0	150	Feb 8, 2023	J-GAAP
Dec, 2023	32,990	2,434	2,535	1,904	380.7	381	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	35,250	2,583	2,703	2,113	421.8	212	Aug 9, 2024	J-GAAP
YoY	+6.9%	+6.1%	+6.6%	+11.0%	+10.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,547	278	294	218	43.6	3.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	9,539	879	912	777	155.3	9.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	8,660	956	968	669	134.0	11.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	7,932	434	496	341	68.2	5.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,331	540	532	625	124.9	7.4	Nov 8, 2024	J-GAAP
YoY	-2.9%	+94.2%	+81.0%	+186.7%	+186.8%