NIPPON CONCEPT CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 27%, July-September Ordinary Profit Decreases by 25%

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Wed Nov 13, 2024 4:00 pm JST Earnings

9386 NIPPON CONCEPT CORPORATION 【J-GAAP】

Earnings Report

NIPPON CONCEPT CORPORATION <9386> [TSE-P] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 27.2% from the same period last year to 2.14 billion yen. The progress rate against the 3.02 billion yen full-year plan was 70.7%, also falling below the five-year average of 77.6%.

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 expand by 59.5% from the same period last year, reaching 887 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 633 million yen, a 24.8% decrease compared to the same period last year. The operating profit margin decreased from 18.8% in the same period last year to 15.1%.

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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	17,192	3,758	3,717	2,567	185.2	78.9	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	13,193	2,743	2,939	2,050	147.9	84.1	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	13,552	2,205	2,140	1,446	104.3	70.7	Nov 13, 2024	J-GAAP
YoY	+2.7%	-19.6%	-27.2%	-29.5%	-29.4%

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	8,272	1,344	1,398	972	70.1	25	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	10,400	1,601	1,520	1,032	74.4	30	Aug 13, 2024	J-GAAP
YoY	+25.7%	+19.1%	+8.7%	+6.2%	+6.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	23,081	4,885	4,709	3,261	235.2	35	Feb 14, 2023	J-GAAP
Dec, 2023	17,292	3,304	3,495	2,431	175.4	50	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	19,089	3,071	3,027	2,066	149.0	85	Feb 13, 2024	J-GAAP
YoY	+10.4%	-7.1%	-13.4%	-15.0%	-15.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,173	783	842	591	42.6	18.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	4,099	561	556	381	27.5	13.7	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	4,051	592	632	439	31.7	14.6	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,638	878	875	595	42.9	18.9	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	4,863	735	633	412	29.7	15.1	Nov 13, 2024	J-GAAP
YoY	+16.5%	-6.1%	-24.8%	-30.3%	-30.3%