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NARASAKI SANGYO CO.,LTD., First Half Ordinary Profit Decreases by 19%, July-September Ordinary Profit Decreases by 46%

Tue Nov 12, 2024 3:00 pm JST Earnings

8085 NARASAKI SANGYO CO.,LTD. 【J-GAAP】

Earnings Report

NARASAKI SANGYO CO.,LTD. <8085> [TSE-S] announced its financial results in the afternoon session on November 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 19.4% from the same period last year to 1.02 billion yen. The progress rate against the 3.2 billion yen full-year plan was 32.0%, also falling below the five-year average of 37.9%.

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 grow by 20.0% from the same period last year, reaching 2.17 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 544 million yen, a 46.0% decrease compared to the same period last year. The operating profit margin worsened from 3.7% 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 44,246 995 1,049 682 137.3 36.3 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 48,224 1,215 1,271 838 167.3 41.2 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 49,396 970 1,025 657 130.2 32.0 Nov 12, 2024 J-GAAP
YoY +2.4% -20.2% -19.4% -21.6% -22.1%

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 50,000 1,100 1,100 700 138.4 0 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 49,396 970 1,025 657 130.2 0 Nov 12, 2024 J-GAAP
Revision Rate -1.2% -11.8% -6.8% -6.1% -5.9%

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 59,231 1,767 1,813 1,463 291.2 105 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 60,604 2,230 2,175 1,543 304.6 105 Nov 12, 2024 J-GAAP
YoY +2.3% +26.2% +20.0% +5.5% +4.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 99,927 2,798 2,892 2,139 429.3 75 May 9, 2023 J-GAAP
Mar, 2024 107,455 2,982 3,084 2,301 458.0 105 May 8, 2024 J-GAAP
Mar, 2025 Guidance 110,000 3,200 3,200 2,200 434.3 105 May 8, 2024 J-GAAP
YoY +2.4% +7.3% +3.8% -4.4% -5.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 26,750 1,000 1,008 676 134.9 3.7 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 27,208 535 572 378 75.3 2.0 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 32,023 1,232 1,241 1,085 216.0 3.8 May 8, 2024 J-GAAP
Apr - Jun, 2024 23,968 422 481 327 64.9 1.8 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 25,428 548 544 330 65.4 2.2 Nov 12, 2024 J-GAAP
YoY -4.9% -45.2% -46.0% -51.2% -51.5%

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