Newtech, Sep-Nov (3Q) Ordinary Profit Increases by 7.5 times

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Wed Jan 8, 2025 3:30 pm JST Earnings

6734 Newtech Co., Ltd. 【J-GAAP】

Earnings Report

Newtech Co., Ltd. <6734> [TSE Std] announced its financial results after the market closed on January 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 18.5% from the same period last year to 176 million yen. The progress rate toward the full-year plan of 442 million yen was 39.8%, also falling below the five-year average of 57.3%.

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 expand 49.4% from the same period last year, reaching 266 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit surged 7.5 times that of the same period last year, reaching 30 million yen. The operating profit margin improved from 0.3% in the same period last year to 2.8%.

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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	2,421	269	273	194	101.5	60.4	Jan 6, 2023	J-GAAP
Mar - Nov, 2023	2,506	206	216	159	83.2	54.8	Jan 9, 2024	J-GAAP
Mar - Nov, 2024	3,165	168	176	132	68.7	39.8	Jan 8, 2025	J-GAAP
YoY	+26.3%	-18.4%	-18.5%	-17.0%	-17.4%

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	1,929	158	182	132	69.1	50	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	2,073	302	296	219	113.4	50	Sep 26, 2024	J-GAAP
YoY	+7.5%	+91.1%	+62.6%	+65.9%	+64.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	3,657	448	452	319	166.9	40	Apr 12, 2023	J-GAAP
Feb, 2024	3,711	362	394	290	151.8	50	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	4,211	441	442	326	168.8	50	Apr 12, 2024	J-GAAP
YoY	+13.5%	+21.8%	+12.2%	+12.4%	+11.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	724	2	4	1	0.5	0.3	Jan 9, 2024	J-GAAP
Dec - Feb, 2023	1,205	156	178	131	68.6	12.9	Apr 12, 2024	J-GAAP
Mar - May, 2024	705	18	23	16	8.7	2.6	Jul 5, 2024	J-GAAP
Jun - Aug, 2024	1,433	121	123	91	47.6	8.4	Oct 4, 2024	J-GAAP
Sep - Nov, 2024	1,027	29	30	25	13.0	2.8	Jan 8, 2025	J-GAAP
YoY	+41.9%	+1,350.0%	+650.0%	+2,400.0%	+2,403.8%