Niitaka, First Half Ordinary Profit Increases by 45%, Sep-Nov Ordinary Profit Increases by 45%

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Tue Dec 24, 2024 3:30 pm JST Earnings

4465 Niitaka Co., Ltd. 【J-GAAP】

Earnings Report

Niitaka Co., Ltd. <4465> [TSE Std] announced its financial results after the market closed on December 24th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) expanded 905 million yen, an increase 45.0% compared to the same period last year. The progress rate toward the full-year plan of 1.53 billion yen was 59.2%, also surpassing the five-year average of 54.1%.

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 December to May period (2H) is expected to decrease 28.7% from the same period last year to 625 million yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit increased 44.9% from the same period last year, reaching 465 million yen. The operating profit margin improved from 6.0% in the same period last year to 7.6%.

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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
Jun - Nov, 2022	9,537	605	615	396	67.1	69.4	Dec 23, 2022	J-GAAP
Jun - Nov, 2023	11,228	630	624	120	20.4	41.6	Dec 25, 2023	J-GAAP
Jun - Nov, 2024	11,691	878	905	608	103.0	59.2	Dec 24, 2024	J-GAAP
YoY	+4.1%	+39.4%	+45.0%	+406.7%	+405.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	ー	ー	ー	ー	－	40	Dec 9, 2024	J-GAAP
Jun - Nov, 2024 Results	11,691	878	905	608	103.0	40	Dec 24, 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
Dec - May, 2023	11,511	846	876	585	99.2	22	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	11,809	622	625	952	161.3	40	Dec 24, 2024	J-GAAP
YoY	+2.6%	-26.5%	-28.7%	+62.7%	+62.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	19,504	855	886	561	95.1	64	Jul 13, 2023	J-GAAP
May, 2024	22,739	1,476	1,500	705	119.6	44	Jul 12, 2024	J-GAAP
May, 2025 Guidance	23,500	1,500	1,530	1,560	264.3	80	Dec 9, 2024	J-GAAP
YoY	+3.3%	+1.6%	+2.0%	+121.3%	+121.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	5,722	341	321	-78	-13.2	6.0	Dec 25, 2023	J-GAAP
Dec - Feb, 2023	5,733	441	457	287	48.7	7.7	Mar 27, 2024	J-GAAP
Mar - May, 2024	5,778	405	419	298	50.6	7.0	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	5,733	426	440	296	50.2	7.4	Sep 25, 2024	J-GAAP
Sep - Nov, 2024	5,958	452	465	312	52.9	7.6	Dec 24, 2024	J-GAAP
YoY	+4.1%	+32.6%	+44.9%	－	－