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

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%.

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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 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%

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