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NOVAC, First Half Ordinary Profit Decreases by 72%, Aug-Oct Ordinary Profit Decreases by 86%

Fri Dec 13, 2024 4:00 pm JST Earnings

5079 NOVAC CO.,LTD. 【J-GAAP】

Earnings Report

NOVAC CO.,LTD. <5079> [TSE Std] announced its financial results after the market closed on December 13th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending April 2025 (May to October) significantly dropped 72.5% from the same period last year to 131 million yen. The progress rate toward the full-year plan of 1.5 billion yen was 8.7%, also falling below the four-year average of 67.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the November to April period (second half) is expected to surge 7.4 times that of the same period last year, reaching 1.36 billion yen.

In the most recent three-month period, from August to October (2Q), the ordinary profit significantly dropped to 56 million yen, a 85.6% decrease compared to the same period last year. The operating profit margin drastically worsened from 4.5% in the same period last year to 1.0%.

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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
May - Oct, 2022 16,624 1,747 1,737 1,490 289.3 67.2 Dec 15, 2022 J-GAAP
May - Oct, 2023 16,303 470 476 327 63.6 71.9 Dec 15, 2023 J-GAAP
May - Oct, 2024 12,996 138 131 78 15.2 8.7 Dec 13, 2024 J-GAAP
YoY -20.3% -70.6% -72.5% -76.1% -76.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 Guidance ー ー ー ー － 60 Jun 14, 2024 J-GAAP
May - Oct, 2024 Results 12,996 138 131 78 15.2 60 Dec 13, 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
Nov - Apr, 2023 18,128 340 186 -40 -7.8 80 Jun 14, 2024 J-GAAP
Nov - Apr, 2024 Guidance 19,004 1,412 1,369 922 179.0 60 Dec 13, 2024 J-GAAP
YoY +4.8% +315.3% +636.0% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2023 31,948 2,607 2,585 2,054 398.9 120 Jun 14, 2023 J-GAAP
Apr, 2024 34,431 810 662 287 55.8 160 Jun 14, 2024 J-GAAP
Apr, 2025 Guidance 32,000 1,550 1,500 1,000 194.2 120 Jun 14, 2024 J-GAAP
YoY -7.1% +91.4% +126.6% +248.4% +248.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 8,760 390 388 263 51.1 4.5 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 9,006 70 65 3 0.6 0.8 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 9,122 270 121 -43 -8.4 3.0 Jun 14, 2024 J-GAAP
May - Jul, 2024 7,022 78 75 47 9.3 1.1 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 5,974 60 56 31 6.0 1.0 Dec 13, 2024 J-GAAP
YoY -31.8% -84.6% -85.6% -88.2% -88.2%

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