NAKAKITA SEISAKUSHO, First Half Ordinary Profit Decreases by 37%

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Tue Jan 7, 2025 3:30 pm JST Earnings

6496 NAKAKITA SEISAKUSHO CO.,LTD. 【J-GAAP】

Earnings Report

NAKAKITA SEISAKUSHO CO.,LTD. <6496> [TSE Std] announced its financial results after the market closed on January 7th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending May 2025 (June to November) dropped 37.1% from the same period last year to 0.56 billion yen, fell short of the previous forecast of 0.73 billion yen.

The progress rate toward the full-year plan of 1.6 billion yen was 35.0%, also falling below the five-year average of 55.2%.

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 December to May period (2H) is expected to expand 78.4% from the same period last year, reaching 1.04 billion yen.

In the most recent three-month period, from September to November (2Q), the ordinary profit decreased to 0.36 billion yen, a 16.8% decrease compared to the same period last year. The operating profit margin worsened from 7.6% in the same period last year to 5.0%.

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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
Jun - Nov, 2022	8,217	479	584	402	112.6	52.7	Jan 10, 2023	J-GAAP
Jun - Nov, 2023	8,952	739	890	614	173.6	60.4	Jan 9, 2024	J-GAAP
Jun - Nov, 2024	10,865	428	560	1,055	299.0	35.0	Jan 7, 2025	J-GAAP
YoY	+21.4%	-42.1%	-37.1%	+71.8%	+72.2%

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	10,500	600	730	1,170	331.4	50	Jul 9, 2024	J-GAAP
Jun - Nov, 2024 Results	10,865	428	560	1,055	299.0	50	Jan 7, 2025	J-GAAP
Revision Rate	+3.5%	-28.7%	-23.3%	-9.8%	-9.8%

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	9,656	464	583	406	114.9	40	Jul 9, 2024	J-GAAP
Dec - May, 2024 Guidance	10,135	872	1,040	725	205.3	50	Jan 7, 2025	J-GAAP
YoY	+5.0%	+87.9%	+78.4%	+78.6%	+78.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	15,777	816	1,109	806	225.8	70	Jul 11, 2023	J-GAAP
May, 2024	18,608	1,203	1,473	1,020	288.5	80	Jul 9, 2024	J-GAAP
May, 2025 Guidance	21,000	1,300	1,600	1,780	504.1	100	Jul 9, 2024	J-GAAP
YoY	+12.9%	+8.1%	+8.6%	+74.5%	+74.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	4,791	362	435	288	81.4	7.6	Jan 9, 2024	J-GAAP
Dec - Feb, 2023	4,494	320	386	267	75.5	7.1	Apr 9, 2024	J-GAAP
Mar - May, 2024	5,162	144	197	139	39.3	2.8	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	4,850	127	198	805	228.2	2.6	Oct 8, 2024	J-GAAP
Sep - Nov, 2024	6,015	301	362	250	70.9	5.0	Jan 7, 2025	J-GAAP
YoY	+25.5%	-16.9%	-16.8%	-13.2%	-13.0%