NASU DENKI-TEKKO CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 20%, Current Fiscal Year Dividend Revised Upward by 100 yen

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Wed Nov 13, 2024 4:00 pm JST Earnings

5922 NASU DENKI-TEKKO CO.,LTD. 【J-GAAP】

Earnings Report

NASU DENKI-TEKKO CO.,LTD. <5922> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 20.0% from the same period last year, reaching 1.27 billion yen, resulting in an increase in profits compared to the previous forecast of a 5.0% decrease.

The progress rate against the 2.25 billion yen full-year plan was 56.4%, also surpassing the five-year average of 45.0%.

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 drop by 42.3% from the same period last year to 984 million yen.

At the same time, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 200 yen to 300 yen (compared to 270 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 21.5% from the same period last year, reaching 667 million yen. The operating profit margin improved from 9.7% in the same period last year to 11.2%.

Kabutan News

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	10,216	1,109	1,104	743	637.5	44.2	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	10,298	961	1,061	736	631.3	38.3	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	10,176	1,159	1,273	984	843.9	56.4	Nov 13, 2024	J-GAAP
YoY	-1.2%	+20.6%	+20.0%	+33.7%	+33.7%

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	10,410	1,003	1,008	771	661.1	0	Aug 8, 2024	J-GAAP
Apr - Sep, 2024 Results	10,176	1,159	1,273	984	843.9	0	Nov 13, 2024	J-GAAP
Revision Rate	-2.2%	+15.6%	+26.3%	+27.6%	+27.7%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	21,326	2,288	2,257	1,602	1,373.5	200	Aug 8, 2024	J-GAAP
Mar, 2025 New	21,326	2,288	2,257	1,602	1,373.5	300	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	13,036	1,686	1,706	1,114	955.5	270	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	11,150	1,129	984	618	529.9	300	Nov 13, 2024	J-GAAP
YoY	-14.5%	-33.0%	-42.3%	-44.5%	-44.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	22,056	2,447	2,495	1,856	1,591.4	200	May 12, 2023	J-GAAP
Mar, 2024	23,334	2,647	2,767	1,850	1,586.8	270	May 14, 2024	J-GAAP
Mar, 2025 Guidance	21,326	2,288	2,257	1,602	1,373.5	300	Nov 13, 2024	J-GAAP
YoY	-8.6%	-13.6%	-18.4%	-13.4%	-13.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,440	530	549	381	326.8	9.7	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	6,643	929	965	686	588.5	14.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	6,393	757	741	428	367.1	11.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,485	524	606	507	434.9	11.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	5,691	635	667	477	409.1	11.2	Nov 13, 2024	J-GAAP
YoY	+4.6%	+19.8%	+21.5%	+25.2%	+25.2%