NITCHITSU CO.,LTD., July-September (2Q) Ordinary Profit Decreases by 90%, Current Fiscal Year Dividend Revised Upward by 5 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Mon Nov 11, 2024 5:00 pm JST Earnings

7021 NITCHITSU CO.,LTD. 【J-GAAP】

Earnings Report

NITCHITSU CO.,LTD. <7021> [TSE-S] announced its financial results after the market closed on November 11th (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 18.5% from the same period last year to 119 million yen. However, The progress rate against the 210 million yen full-year plan was 56.7%, almost the same as the five-year average of 57.9%.

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 decrease by 10.8% from the same period last year to 91 million yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 30 yen to 35 yen (compared to 30 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 6 million yen, a 90.0% decrease compared to the same period last year. The operating profit margin worsened from 4.2% in the same period last year to 2.2%.

Kabutan News

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	4,102	53	90	36	17.7	ー	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	4,089	166	146	69	33.3	58.9	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	4,714	151	119	211	107.1	56.7	Nov 11, 2024	J-GAAP
YoY	+15.3%	-9.0%	-18.5%	+205.8%	+221.3%

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	－	15	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	4,714	151	119	211	107.1	15	Nov 11, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	9,100	290	210	250	127.2	30	Aug 9, 2024	J-GAAP
Mar, 2025 New	9,100	290	210	250	127.2	35	Nov 11, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	4,197	159	102	178	87.3	15	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,386	139	91	39	19.9	20	Nov 11, 2024	J-GAAP
YoY	+4.5%	-12.6%	-10.8%	-78.1%	-77.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,024	-38	-23	-540	-259.8	30	May 12, 2023	J-GAAP
Mar, 2024	8,286	325	248	247	121.1	30	May 13, 2024	J-GAAP
Mar, 2025 Guidance	9,100	290	210	250	127.2	35	Nov 11, 2024	J-GAAP
YoY	+9.8%	-10.8%	-15.3%	+1.2%	+5.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,064	86	60	71	34.3	4.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	1,990	62	41	18	8.8	3.1	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,207	97	61	160	78.5	4.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	2,526	100	108	103	52.3	4.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,188	51	11	108	54.8	2.3	Nov 11, 2024	J-GAAP
YoY	+6.0%	-40.7%	-81.7%	+52.1%	+59.8%