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Nippon Denkai,Ltd., The Current Fiscal Year Net Income Loss Widened in Downward Revision, 79% Deficit Against Net Assets

Wed Nov 13, 2024 2:00 pm JST Earnings

5759 Nippon Denkai,Ltd. 【J-GAAP】

Earnings Report

Nippon Denkai,Ltd. <5759> [TSE-G] announced its financial results in the afternoon session on November 13th (14:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 5.09 billion yen (compared to a loss of 402 million yen in the same period last year).

In addition, the full-year consolidated net income/loss has been revised downward from an expected loss of 1.83 billion yen to a loss of 5.29 billion yen (compared to a loss of 874 million yen in the previous period), indicating an expansion in the loss margin The deficit amounted to a 78.7% impairment of net assets at the end of the previous fiscal year..

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net loss for the October to March period (second half) is expected to further decrease to loss of 199 million yen (compared to a loss of 472 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net loss expanded to a loss of 4.62 billion yen (compared to a loss of 380 million yen in the same period last year). The operating profit/loss margin drastically worsened from -8.0% in the same period last year to -12.5%.

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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 8,775 -565 -583 -609 -84.1 ー Nov 10, 2022 J-GAAP
Apr - Sep, 2023 8,578 -545 -147 -402 -44.5 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 8,811 -1,051 -1,465 -5,091 -534.7 ー Nov 13, 2024 J-GAAP
YoY +2.7% -92.8% -896.6% -1,166.4% -1,100.9%

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 15, 2024 J-GAAP
Apr - Sep, 2024 Results 8,811 -1,051 -1,465 -5,091 -534.7 0 Nov 13, 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 21,440 -160 -960 -1,835 -181.9 0 Sep 30, 2024 J-GAAP
Mar, 2025 New 19,000 -1,050 -1,660 -5,290 -524.3 0 Nov 13, 2024 J-GAAP
Revision Rate -11.4% -556.3% -72.9% -188.3% -188.3%

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 8,072 -489 -1,141 -472 -52.2 0 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 10,189 1 -195 -199 -19.7 0 Nov 13, 2024 J-GAAP
YoY +26.2% － +82.9% +57.8% +62.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,047 -1,611 -1,840 -1,933 -252.4 0 May 10, 2023 J-GAAP
Mar, 2024 16,650 -1,034 -1,288 -874 -96.6 0 May 15, 2024 J-GAAP
Mar, 2025 Guidance 19,000 -1,050 -1,660 -5,290 -524.3 0 Nov 13, 2024 J-GAAP
YoY +14.1% -1.5% -28.9% -505.3% -442.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,819 -304 -191 -380 -42.1 -8.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,770 -343 -610 -671 -74.2 -9.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,302 -146 -531 199 22.0 -3.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 4,343 -492 -331 -468 -51.8 -11.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,468 -559 -1,134 -4,623 -485.6 -12.5 Nov 13, 2024 J-GAAP
YoY +17.0% -83.9% -493.7% -1,116.6% -1,053.7%

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