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Nulab Inc., First Half Ordinary Profit Increases by 58%, July-September Ordinary Profit Increases by 40%

Thu Nov 14, 2024 3:30 pm JST Earnings

5033 Nulab Inc. 【J-GAAP】

Earnings Report

Nulab Inc. <5033> [TSE-G] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 375 million yen, an increase of 58.2% compared to the same period last year. The progress rate against the 406 million yen full-year plan was 92.4%, also surpassing the progress rate of 71.8% from the same period of the previous year.

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 significant drop by 66.7% from the same period last year to 31 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 40.0% from the same period last year, reaching 196 million yen. The operating profit margin rose from 15.8% in the same period last year to 19.1%.

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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 1,289 8 -5 -2 -0.5 ー Nov 14, 2022 J-GAAP
Apr - Sep, 2023 1,735 239 237 198 30.7 71.8 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 2,019 374 375 265 40.9 92.4 Nov 14, 2024 J-GAAP
YoY +16.4% +56.5% +58.2% +33.8% +33.1%

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 ー ー ー ー － 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 2,019 374 375 265 40.9 0 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 1,927 93 93 110 17.1 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,918 32 31 22 3.4 0 Nov 14, 2024 J-GAAP
YoY -0.5% -65.6% -66.7% -80.0% -80.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,706 101 92 88 14.0 0 May 12, 2023 J-GAAP
Mar, 2024 3,662 332 330 308 47.7 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 3,937 406 406 287 44.3 0 May 14, 2024 J-GAAP
YoY +7.5% +22.3% +23.0% -6.8% -7.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 896 142 140 104 16.1 15.8 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 944 198 198 168 26.1 21.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 983 -105 -105 -58 -9.0 -10.7 May 14, 2024 J-GAAP
Apr - Jun, 2024 998 179 179 131 20.3 17.9 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,021 195 196 134 20.7 19.1 Nov 14, 2024 J-GAAP
YoY +14.0% +37.3% +40.0% +28.8% +28.1%

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