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

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 5,733 444 459 290 49.2 7.7 Mar 27, 2024 J-GAAP
Mar - May, 2024 5,778 402 417 295 50.0 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% － －

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