NAKANISHI MFG.CO.,LTD., First Half Ordinary Profit Increases by 9%, July-September Ordinary Profit Increases by 20%

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Fri Nov 8, 2024 4:30 pm JST Earnings

5941 NAKANISHI MFG.CO.,LTD. 【J-GAAP】

Earnings Report

NAKANISHI MFG.CO.,LTD. <5941> [TSE-S] announced its financial results after the market closed on November 8th (16:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 9.2% from the same period last year, reaching 723 million yen. However, The progress rate against the 1.93 billion yen full-year plan was 37.5%, almost the same as the five-year average of 35.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 15.2% from the same period last year to 1.2 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 19.8% from the same period last year, reaching 1.22 billion yen. The operating profit margin improved from 9.5% in the same period last year to 10.6%.

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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	13,880	399	479	347	55.1	40.2	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	16,285	601	662	399	63.3	31.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	16,670	636	723	457	72.8	37.5	Nov 8, 2024	J-GAAP
YoY	+2.4%	+5.8%	+9.2%	+14.5%	+14.9%

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	17,000	700	760	450	71.6	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	16,670	636	723	457	72.8	0	Nov 8, 2024	J-GAAP
Revision Rate	-1.9%	-9.1%	-4.9%	+1.6%	+1.6%

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	20,317	1,365	1,424	1,120	178.0	73	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,330	1,174	1,207	920	146.4	66	Nov 8, 2024	J-GAAP
YoY	+0.1%	-14.0%	-15.2%	-17.9%	-17.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	30,668	1,072	1,193	803	127.4	32	May 12, 2023	J-GAAP
Mar, 2024	36,602	1,966	2,086	1,519	241.4	73	May 10, 2024	J-GAAP
Mar, 2025 Guidance	37,000	1,810	1,930	1,377	219.1	66	May 10, 2024	J-GAAP
YoY	+1.1%	-7.9%	-7.5%	-9.3%	-9.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,436	992	1,021	684	108.6	9.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	8,473	58	94	28	4.5	0.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	11,844	1,307	1,330	1,092	173.6	11.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	5,519	-548	-500	-377	-60.1	-9.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	11,151	1,184	1,223	834	132.8	10.6	Nov 8, 2024	J-GAAP
YoY	+6.9%	+19.4%	+19.8%	+21.9%	+22.3%