NORITZ CORPORATION, July-September (3Q) Operating Profit Loss Narrows

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Tue Nov 12, 2024 3:30 pm JST Earnings

5943 NORITZ CORPORATION 【J-GAAP】

Earnings Report

NORITZ CORPORATION <5943> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated operating profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 415 million yen (compared to a profit of 832 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit for the October to December period (4Q) is expected to grow by 20.2% from the same period last year, reaching 3.61 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated operating loss improved to a deficit of loss of 288 million yen (compared to a loss of 444 million yen in the same period last year). The operating profit/loss margin improved from -1.0% in the same period last year to -0.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	150,182	2,865	3,953	2,242	48.9	50.0	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	144,803	832	1,011	573	12.4	81.2	Nov 9, 2023	J-GAAP
Jan - Sep, 2024	141,193	-415	412	2,348	50.9	9.8	Nov 12, 2024	J-GAAP
YoY	-2.5%	－	-59.2%	+309.8%	+309.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	102,139	2,564	-138	-193	-4.2	21	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	108,988	3,327	3,790	5,054	109.4	34	Aug 8, 2024	J-GAAP
YoY	+6.7%	+29.8%	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	210,966	6,889	7,900	4,800	104.6	53	Feb 14, 2023	J-GAAP
Dec, 2023	201,891	3,840	1,245	868	18.8	53	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	205,000	3,200	4,200	4,700	101.7	67	Aug 8, 2024	J-GAAP
YoY	+1.5%	-16.7%	+237.3%	+441.5%	+439.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	45,051	-444	-372	-488	-10.6	-1.0	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	57,088	3,008	234	295	6.4	5.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	50,555	769	794	287	6.2	1.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	45,457	-896	-384	-641	-13.9	-2.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	45,181	-288	2	2,702	58.6	-0.6	Nov 12, 2024	J-GAAP
YoY	+0.3%	+35.1%	－	－	－