Nippon RAD Inc., July-September (2Q) Ordinary Profit Increases by 44%

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Mon Nov 11, 2024 4:30 pm JST Earnings

4736 Nippon RAD Inc. 【J-GAAP】

Earnings Report

Nippon RAD Inc. <4736> [TSE-S] announced its financial results after the market closed on November 11th (16:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 180 million yen, a 2.9% increase compared to the same period last year. The progress rate against the 200 million yen full-year plan was 90.0%, also surpassing the progress rate of 54.5% from the same period of the previous year.

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 significant drop by 86.3% from the same period last year to 20 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 44.2% from the same period last year, reaching 62 million yen. The operating profit margin improved from 4.7% in the same period last year to 6.1%.

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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	1,584	-22	29	13	2.5	20.7	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	1,830	122	175	147	28.4	54.5	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	1,941	114	180	125	23.8	90.0	Nov 11, 2024	J-GAAP
YoY	+6.1%	-6.6%	+2.9%	-15.0%	-16.1%

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	ー	ー	ー	ー	－	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	1,941	114	180	125	23.8	0	Nov 11, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	2,154	144	146	180	34.7	5	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,922	36	20	192	36.3	10	Nov 11, 2024	J-GAAP
YoY	-10.8%	-75.0%	-86.3%	+6.7%	+4.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,555	86	140	140	26.7	5	May 15, 2023	J-GAAP
Mar, 2024	3,984	266	321	327	63.0	10	May 13, 2024	J-GAAP
Mar, 2025 Guidance	3,863	150	200	317	60.0	10	May 13, 2024	J-GAAP
YoY	-3.0%	-43.6%	-37.7%	-3.1%	-4.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	893	42	43	38	7.3	4.7	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	1,060	62	63	53	10.2	5.8	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	1,094	82	83	127	24.5	7.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	943	53	118	78	15.0	5.6	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	998	61	62	47	9.0	6.1	Nov 11, 2024	J-GAAP
YoY	+11.8%	+45.2%	+44.2%	+23.7%	+22.1%