NAKANO CORPORATION, First Half Ordinary Profit Increases by 76%, July-September Ordinary Profit Increases by 2.0 times

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Wed Nov 13, 2024 2:30 pm JST Earnings

1827 NAKANO CORPORATION 【J-GAAP】

Earnings Report

NAKANO CORPORATION <1827> [TSE-S] announced its financial results in the afternoon session on November 13th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.91 billion yen, an increase of 76.1% compared to the same period last year. The progress rate against the 3.1 billion yen full-year plan was 61.9%, also surpassing the five-year average of 51.5%.

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 significant drop by 57.0% from the same period last year to 1.18 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.0 times that of the same period last year, reaching 1.03 billion yen. The operating profit margin improved from 1.3% in the same period last year to 4.1%.

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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	56,429	2,203	2,450	1,850	53.8	78.2	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	51,242	711	1,089	385	11.2	28.4	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	53,679	1,785	1,918	1,428	41.6	61.9	Nov 13, 2024	J-GAAP
YoY	+4.8%	+151.1%	+76.1%	+270.9%	+270.7%

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	－	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	53,679	1,785	1,918	1,428	41.6	－	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	56,173	2,474	2,746	2,260	65.8	16	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	56,321	915	1,182	572	16.7	16	Nov 13, 2024	J-GAAP
YoY	+0.3%	-63.0%	-57.0%	-74.7%	-74.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	114,459	2,859	3,134	1,914	55.7	13	May 15, 2023	J-GAAP
Mar, 2024	107,415	3,185	3,835	2,645	77.0	16	May 14, 2024	J-GAAP
Mar, 2025 Guidance	110,000	2,700	3,100	2,000	58.2	16	May 14, 2024	J-GAAP
YoY	+2.4%	-15.2%	-19.2%	-24.4%	-24.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	26,593	350	506	47	1.4	1.3	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	28,381	1,666	1,733	1,374	40.0	5.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	27,792	808	1,013	886	25.8	2.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	25,954	652	887	559	16.3	2.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	27,725	1,133	1,031	869	25.3	4.1	Nov 13, 2024	J-GAAP
YoY	+4.3%	+223.7%	+103.8%	+1,748.9%	+1,746.0%