NAGANO KEIKI CO., LTD., July-September (2Q) Ordinary Profit Increases by 5%, Current Fiscal Year Dividend Revised Upward by 2 yen

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Wed Nov 13, 2024 3:00 pm JST Earnings

7715 NAGANO KEIKI CO., LTD. 【J-GAAP】

Earnings Report

NAGANO KEIKI CO., LTD. <7715> [TSE-P] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 4.01 billion yen, a 0.7% decrease compared to the same period last year. The progress rate against the 7.6 billion yen full-year plan was 52.8%, also surpassing the five-year average of 37.5%.

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 grow by 7.1% from the same period last year, reaching 3.59 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 44 yen to 46 yen (compared to 40 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 4.7% from the same period last year, reaching 2.15 billion yen. The operating profit margin rose from 11.2% in the same period last year to 12.1%.

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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	29,750	1,760	2,065	1,231	64.7	41.7	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	34,367	3,740	4,038	2,628	137.9	54.6	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	35,631	3,994	4,010	2,961	155.0	52.8	Nov 13, 2024	J-GAAP
YoY	+3.7%	+6.8%	-0.7%	+12.7%	+12.4%

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	34,100	3,100	3,000	2,200	115.2	22	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	35,631	3,994	4,010	2,961	155.0	24	Nov 13, 2024	J-GAAP
Revision Rate	+4.5%	+28.8%	+33.7%	+34.6%	+34.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	70,700	7,750	7,600	5,500	287.9	44	May 10, 2024	J-GAAP
Mar, 2025 New	70,700	7,750	7,600	5,500	287.9	46	Nov 13, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	33,568	3,410	3,352	2,781	145.8	22	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	35,069	3,756	3,590	2,539	132.9	22	Nov 13, 2024	J-GAAP
YoY	+4.5%	+10.1%	+7.1%	-8.7%	-8.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	60,543	4,725	4,954	3,410	179.1	36	May 12, 2023	J-GAAP
Mar, 2024	67,935	7,150	7,390	5,409	283.6	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	70,700	7,750	7,600	5,500	287.9	46	Nov 13, 2024	J-GAAP
YoY	+4.1%	+8.4%	+2.8%	+1.7%	+1.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	18,082	2,030	2,062	1,333	70.0	11.2	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	18,048	2,143	2,010	1,383	72.5	11.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	15,520	1,267	1,342	1,398	73.3	8.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	16,921	1,733	1,852	1,452	76.0	10.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	18,710	2,261	2,158	1,509	79.0	12.1	Nov 13, 2024	J-GAAP
YoY	+3.5%	+11.4%	+4.7%	+13.2%	+12.9%