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

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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	ー	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	ー	ー	ー	ー	－	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%