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

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 88.2 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 6,213 6,154 14,827 174.0 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% -17.3% -33.2% -82.3% -82.1%

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 14,251 17,193 22,799 267.6 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% -5.8% -14.9% -57.7% -57.3%

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 2,673 2,036 565 6.6 14.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 18,159 3,988 5,043 3,339 39.2 22.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 20,398 4,299 5,479 3,687 43.5 21.1 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%

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