Noritsu Koki Co.,Ltd., The Current Fiscal Year Net Income Revised Upward by 4%

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Thu Nov 28, 2024 3:30 pm JST Revision

7744 Noritsu Koki Co.,Ltd. 【IFRS】

Guidance Update Report

Noritsu Koki Co.,Ltd. <7744> [TSE Prime] announced a performance revision after the market closed on November 28th (15:30). The consolidated net income for the fiscal year ending December 2024 has been revised upward by 3.6%, from the previous forecast of 13.8 billion yen to 14.3 billion yen (compared to 10.1 billion yen in the previous period), increasing the growth rate from 35.3% to 40.2%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) consolidated net income has been revised upward by 21.6%, from the previous forecast of 2.31 billion yen to 2.81 billion yen (compared to 5.74 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 59.7% to 51.0%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	50,337	4,121	3,693	2,316	21.6	19.34	Nov 8, 2024	IFRS
Jul - Dec, 2024 New	51,537	4,821	4,393	2,816	26.3	19.34	Nov 28, 2024	IFRS
Revision Rate	+2.4%	+17.0%	+19.0%	+21.6%	+21.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	103,100	18,000	17,800	13,800	128.9	38.67	Nov 8, 2024	IFRS
Dec, 2024 New	104,300	18,700	18,500	14,300	133.5	38.67	Nov 28, 2024	IFRS
Revision Rate	+1.2%	+3.9%	+3.9%	+3.6%	+3.6%

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	49,259	7,041	6,481	5,745	53.7	30.33	Feb 13, 2024	IFRS
Jul - Dec, 2024 Guidance	51,537	4,821	4,393	2,816	26.3	19.34	Nov 28, 2024	IFRS
YoY	+4.6%	-31.5%	-32.2%	-51.0%	-51.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	73,515	1,262	3,944	101,554	949.5	50.67	Feb 14, 2023	IFRS
Dec, 2023	90,052	14,388	13,677	10,199	95.3	38.33	Feb 13, 2024	IFRS
Dec, 2024 Guidance	104,300	18,700	18,500	14,300	133.5	38.67	Nov 28, 2024	IFRS
YoY	+15.8%	+30.0%	+35.3%	+40.2%	+40.1%