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NIHON ISK Company, Limited, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 19%, July-September Ordinary Profit Increases by 58%

Thu Nov 14, 2024 3:30 pm JST Earnings

7986 NIHON ISK Company, Limited 【J-GAAP】

Earnings Report

NIHON ISK Company, Limited <7986> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 18.7% from the same period last year, reaching 495 million yen. The progress rate against the 550 million yen full-year plan was 90.0%, also surpassing the five-year average of 83.9%.

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 significant drop by 59.6% from the same period last year to 55 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 57.6% from the same period last year, reaching 93 million yen. However, the operating profit margin worsened from 4.3% in the same period last year to 3.1%.

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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 3,988 159 192 133 77.8 111.0 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 4,225 410 417 283 174.2 75.4 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 4,445 442 495 335 208.2 90.0 Nov 14, 2024 J-GAAP
YoY +5.2% +7.8% +18.7% +18.4% +19.5%

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 2,851 155 195 133 81.8 30 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,660 52 148 83 52.8 30 Aug 9, 2024 J-GAAP
YoY -6.7% -66.5% -24.1% -37.6% -35.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 5,246 130 173 181 106.3 30 Feb 14, 2023 J-GAAP
Dec, 2023 5,713 507 553 375 230.8 30 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 5,700 450 550 350 222.4 30 Feb 14, 2024 J-GAAP
YoY -0.2% -11.2% -0.5% -6.7% -3.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,363 58 59 41 25.2 4.3 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,488 97 136 92 56.6 6.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,635 273 276 185 114.3 16.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,405 125 126 82 50.8 8.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,405 44 93 68 42.3 3.1 Nov 14, 2024 J-GAAP
YoY +3.1% -24.1% +57.6% +65.9% +67.4%

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