NAKANISHI INC., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 19%, July-September Ordinary Profit Decreases by 57%

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Thu Nov 14, 2024 3:30 pm JST Earnings

7716 NAKANISHI INC. 【J-GAAP】

Earnings Report

NAKANISHI INC. <7716> [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) decreased by 19.0% from the same period last year to 12.2 billion yen. However, The progress rate against the 14.6 billion yen full-year plan was 83.9%, also surpassing the five-year average of 76.5%.

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 grow by 13.2% from the same period last year, reaching 2.35 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 1.75 billion yen, a 57.3% decrease compared to the same period last year. The operating profit margin significantly dropped from 27.3% in the same period last year to 17.2%.

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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	36,100	11,894	14,694	10,208	118.9	83.3	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	41,217	11,578	15,157	22,234	261.2	87.9	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	56,621	11,392	12,280	8,079	95.4	83.9	Nov 14, 2024	J-GAAP
YoY	+37.4%	-1.6%	-19.0%	-63.7%	-63.5%

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	31,433	6,258	6,199	14,863	174.5	26	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	36,651	5,140	4,113	2,626	31.1	26	Aug 9, 2024	J-GAAP
YoY	+16.6%	-17.9%	-33.7%	-82.3%	-82.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	48,671	15,389	17,646	12,471	145.5	46	Feb 9, 2023	J-GAAP
Dec, 2023	59,692	14,296	17,238	22,835	268.0	50	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	75,208	13,427	14,635	9,652	114.3	52	Aug 9, 2024	J-GAAP
YoY	+26.0%	-6.1%	-15.1%	-57.7%	-57.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	12,958	3,540	4,118	14,262	167.6	27.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	18,475	2,718	2,081	601	7.1	14.7	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	18,159	4,035	5,090	3,376	39.7	22.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	20,398	4,252	5,432	3,650	43.1	20.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	18,064	3,105	1,758	1,053	12.4	17.2	Nov 14, 2024	J-GAAP
YoY	+39.4%	-12.3%	-57.3%	-92.6%	-92.6%