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Nagase Brothers, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 16%

Wed Jan 29, 2025 3:30 pm JST Earnings

9733 Nagase Brothers Inc. 【J-GAAP】

Earnings Report

Nagase Brothers Inc. <9733> [TSE Std] announced its financial results after the market closed on January 29th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 16.5% from the same period last year to 3.01 billion yen. The progress rate toward the full-year plan of 4.57 billion yen was 65.9%, also falling below the five-year average of 76.9%.

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 January to March period (4Q) is expected to surge 2.2 times that of the same period last year, reaching 1.55 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 2.34 billion yen, an increase of 2.8% compared to the same period last year. However, the operating profit margin decreased from 16.3% in the same period last year to 15.9%.

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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
Apr - Dec, 2022 38,542 4,989 4,736 3,883 147.5 93.4 Jan 24, 2023 J-GAAP
Apr - Dec, 2023 39,581 3,747 3,613 2,159 82.0 83.6 Jan 29, 2024 J-GAAP
Apr - Dec, 2024 39,487 3,819 3,018 1,658 63.0 65.9 Jan 29, 2025 J-GAAP
YoY -0.2% +1.9% -16.5% -23.2% -23.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 27,589 3,108 2,993 1,906 72.4 100 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 31,452 4,021 3,907 2,463 93.6 100 Oct 24, 2024 J-GAAP
YoY +14.0% +29.4% +30.5% +29.2% +29.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 52,354 5,369 5,071 4,000 152.0 100 Apr 27, 2023 J-GAAP
Mar, 2024 52,986 4,538 4,323 2,602 98.8 100 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 56,429 5,526 4,577 2,577 97.9 100 Oct 24, 2024 J-GAAP
YoY +6.5% +21.8% +5.9% -1.0% -1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 14,184 2,317 2,283 1,463 55.6 16.3 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 13,405 791 710 443 16.8 5.9 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 11,145 -291 -314 -253 -9.6 -2.6 Jul 24, 2024 J-GAAP
Jul - Sep, 2024 13,832 1,796 984 367 14.0 13.0 Oct 24, 2024 J-GAAP
Oct - Dec, 2024 14,510 2,314 2,348 1,544 58.7 15.9 Jan 29, 2025 J-GAAP
YoY +2.3% -0.1% +2.8% +5.5% +5.6%

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