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NAKAKITA SEISAKUSHO, First Half Ordinary Profit Decreases by 37%

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 1,040 725 207.7 50 Jan 7, 2025 J-GAAP
YoY +5.0% +87.9% +78.4% +78.6% +80.8%

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 1,780 509.9 100 Jul 9, 2024 J-GAAP
YoY +12.9% +8.1% +8.6% +74.5% +76.7%

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%

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