Naito&Co, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 47%, Sep-Nov Ordinary Profit Decreases by 13%

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Tue Dec 24, 2024 4:00 pm JST Earnings

7624 Naito & Co.,Ltd. 【J-GAAP】

Earnings Report

Naito & Co.,Ltd. <7624> [TSE Std] announced its financial results after the market closed on December 24th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) dropped 47.1% from the same period last year to 237 million yen. The progress rate toward the full-year plan of 550 million yen was 43.1%, also falling below the five-year average of 77.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to surge 3.0 times that of the same period last year, reaching 313 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit decreased to 98 million yen, a 13.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 0.9% in the same period last year to 0.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Nov, 2022	33,599	669	709	587	10.7	76.1	Dec 26, 2022	J-GAAP
Mar - Nov, 2023	33,430	406	448	295	5.4	81.2	Dec 25, 2023	J-GAAP
Mar - Nov, 2024	32,765	203	237	140	2.6	43.1	Dec 24, 2024	J-GAAP
YoY	-2.0%	-50.0%	-47.1%	-52.5%	-52.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	21,819	197	217	124	2.3	4	Mar 26, 2024	J-GAAP
Sep - Feb, 2024 Guidance	22,514	381	411	266	4.9	3	Sep 25, 2024	J-GAAP
YoY	+3.2%	+93.4%	+89.4%	+114.5%	+114.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	44,457	886	932	732	13.4	4	Mar 28, 2023	J-GAAP
Feb, 2024	44,064	505	552	345	6.3	4	Mar 26, 2024	J-GAAP
Feb, 2025 Guidance	44,000	500	550	350	6.4	3	Sep 25, 2024	J-GAAP
YoY	-0.1%	-1.0%	-0.4%	+1.4%	+1.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	11,185	98	113	74	1.4	0.9	Dec 25, 2023	J-GAAP
Dec - Feb, 2023	10,634	99	104	50	0.9	0.9	Mar 26, 2024	J-GAAP
Mar - May, 2024	10,674	-11	1	0	0.0	-0.1	Jun 25, 2024	J-GAAP
Jun - Aug, 2024	10,812	130	138	84	1.5	1.2	Sep 25, 2024	J-GAAP
Sep - Nov, 2024	11,279	84	98	56	1.0	0.7	Dec 24, 2024	J-GAAP
YoY	+0.8%	-14.3%	-13.3%	-24.3%	-23.7%