NAC CO .,LTD., First Half Ordinary Profit Increases by 10%

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Mon Nov 11, 2024 3:30 pm JST Earnings

9788 NAC CO .,LTD. 【J-GAAP】

Earnings Report

NAC CO .,LTD. <9788> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 9.6% from the same period last year, reaching 755 million yen. However, The progress rate against the 4 billion yen full-year plan was 18.9%, also falling below the five-year average of 27.3%.

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 expand by 90.8% from the same period last year, reaching 3.24 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 852 million yen, an increase of 0.7% compared to the same period last year. The operating profit margin remained almost flat, changing from 5.6% in the same period last year to 5.7%.

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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	26,097	552	566	254	5.7	17.5	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	25,828	609	689	280	6.5	28.8	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	27,836	763	755	107	2.5	18.9	Nov 11, 2024	J-GAAP
YoY	+7.8%	+25.3%	+9.6%	-61.8%	-61.2%

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	27,800	750	750	100	2.3	5	Nov 8, 2024	J-GAAP
Apr - Sep, 2024 Results	27,836	763	755	107	2.5	5	Nov 11, 2024	J-GAAP
Revision Rate	+0.1%	+1.7%	+0.7%	+7.0%	+8.2%

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	28,605	1,689	1,701	1,156	26.7	16	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	37,664	3,237	3,245	2,443	56.7	17	Nov 11, 2024	J-GAAP
YoY	+31.7%	+91.7%	+90.8%	+111.3%	+112.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	57,068	3,232	3,243	2,002	44.6	20	May 15, 2023	J-GAAP
Mar, 2024	54,433	2,298	2,390	1,436	33.2	21	May 15, 2024	J-GAAP
Mar, 2025 Guidance	65,500	4,000	4,000	2,550	59.2	22	May 15, 2024	J-GAAP
YoY	+20.3%	+74.1%	+67.4%	+77.6%	+78.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,887	771	846	524	12.1	5.6	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	13,907	866	857	544	12.6	6.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	14,698	823	844	612	14.2	5.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	12,634	-98	-97	-205	-4.8	-0.8	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	15,202	861	852	312	7.3	5.7	Nov 11, 2024	J-GAAP
YoY	+9.5%	+11.7%	+0.7%	-40.5%	-39.5%