NIHONWASOU HOLDINGS,INC., July-September (3Q) Ordinary Profit Increases by 94%, Current Fiscal Year Dividend Revised Upward by 1 yen

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Wed Nov 13, 2024 3:30 pm JST Earnings

2499 NIHONWASOU HOLDINGS,INC. 【J-GAAP】

Earnings Report

NIHONWASOU HOLDINGS,INC. <2499> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 264 million yen, an increase of 32.0% compared to the same period last year. The progress rate against the 382 million yen full-year plan was 69.1%, exceeding the five-year average of 65.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 22.4% from the same period last year to 118 million yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 13 yen to 14 yen (compared to 14 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 93.5% from the same period last year, reaching 180 million yen. The operating profit margin drastically improved from 9.9% in the same period last year to 15.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	3,544	296	288	156	17.3	73.5	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	3,325	236	200	100	11.1	56.8	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	3,427	295	264	159	17.6	69.1	Nov 13, 2024	J-GAAP
YoY	+3.1%	+25.0%	+32.0%	+59.0%	+58.5%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	2,431	321	298	189	20.9	7	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	2,431	321	298	189	20.9	8	Nov 13, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	4,650	426	382	237	26.1	13	Feb 14, 2024	J-GAAP
Dec, 2024 New	4,650	426	382	237	26.1	14	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
Jul - Dec, 2023	2,295	268	245	97	10.8	8	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,431	321	298	189	20.9	8	Nov 13, 2024	J-GAAP
YoY	+5.9%	+19.8%	+21.6%	+94.8%	+94.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	4,770	419	392	236	26.1	13	Feb 14, 2023	J-GAAP
Dec, 2023	4,504	393	352	172	19.1	14	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	4,650	426	382	237	26.1	14	Nov 13, 2024	J-GAAP
YoY	+3.2%	+8.4%	+8.5%	+37.8%	+37.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,116	111	93	25	2.8	9.9	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	1,179	157	152	72	8.0	13.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	989	-54	-62	-43	-4.8	-5.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,230	159	146	91	10.2	12.9	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	1,208	190	180	111	12.3	15.7	Nov 13, 2024	J-GAAP
YoY	+8.2%	+71.2%	+93.5%	+344.0%	+342.8%