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Nakanihon KOGYO CO.,Ltd., First Half Operating Profit Turns to Loss, July-September Operating Profit Decreases by 29%

Wed Nov 13, 2024 2:20 pm JST Earnings

9643 Nakanihon KOGYO CO.,Ltd. 【J-GAAP】

Earnings Report

Nakanihon KOGYO CO.,Ltd. <9643> [NSE-M] announced its financial results in the afternoon session on November 13th (14:20). The operating profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 1 million yen (compared to a profit of 130 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the operating profit/loss for the October to March period (second half) is expected to turn into a profit of 81 million yen (compared to a loss of 48 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the operating profit decreased to 36 million yen, a 29.4% decrease compared to the same period last year. The operating profit margin worsened from 5.5% in the same period last year to 3.8%.

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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 1,740 14 26 14 28.2 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 1,930 130 134 110 209.1 145.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 1,770 -1 3 0 -1.3 3.0 Nov 13, 2024 J-GAAP
YoY -8.3% -97.8%

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 30 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 1,770 -1 3 0 -1.3 30 Nov 13, 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 1,611 -48 -42 -33 -62.9 40 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,630 81 97 80 150.8 30 Nov 13, 2024 J-GAAP
YoY +1.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,335 -67 -50 -53 -100.3 60 May 12, 2023 J-GAAP
Mar, 2024 3,541 82 92 77 146.7 70 May 14, 2024 J-GAAP
Mar, 2025 Guidance 3,400 80 100 80 150.8 60 May 14, 2024 J-GAAP
YoY -4.0% -2.4% +8.7% +3.9% +2.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 921 51 51 44 83.7 5.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 736 -39 -35 -33 -62.8 -5.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 875 -9 -7 0 0.3 -1.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 810 -37 -32 -39 -74.7 -4.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 960 36 35 39 73.4 3.8 Nov 13, 2024 J-GAAP
YoY +4.2% -29.4% -31.4% -11.4% -12.3%

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