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

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%.

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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%

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