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Nankai Tatsumura Construction, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 80%, Oct-Dec Ordinary Profit Increases by 17%

Wed Jan 29, 2025 4:00 pm JST Earnings

1850 Nankai Tatsumura Construction Co., Ltd. 【J-GAAP】

Earnings Report

Nankai Tatsumura Construction Co., Ltd. <1850> [TSE Std] announced its financial results after the market closed on January 29th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.39 billion yen, an increase 80.1% compared to the same period last year. The progress rate toward the full-year plan of 2.05 billion yen was 67.8%, exceeding the five-year average of 55.1%.

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 decrease 22.6% from the same period last year to 0.66 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 17.5% from the same period last year, reaching 0.74 billion yen. However, the operating profit margin worsened from 6.1% in the same period last year to 5.3%.

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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 30,502 1,290 1,277 1,429 49.6 70.0 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 32,272 823 772 519 18.0 47.5 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 36,481 1,373 1,390 947 32.9 67.8 Jan 29, 2025 J-GAAP
YoY +13.0% +66.8% +80.1% +82.5% +82.4%

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 21,715 1,497 1,488 1,012 35.1 4 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 28,089 1,443 1,406 988 34.3 4 Oct 29, 2024 J-GAAP
YoY +29.4% -3.6% -5.5% -2.4% -2.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 42,401 1,844 1,824 1,896 65.8 3 Apr 27, 2023 J-GAAP
Mar, 2024 43,626 1,686 1,625 1,100 38.2 4 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 51,100 2,100 2,050 1,420 49.3 4 Apr 26, 2024 J-GAAP
YoY +17.1% +24.6% +26.2% +29.1% +29.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,361 634 635 431 15.0 6.1 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 11,354 863 853 581 20.2 7.6 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 10,545 342 341 229 8.0 3.2 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 12,466 315 303 203 7.0 2.5 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 13,470 716 746 515 17.9 5.3 Jan 29, 2025 J-GAAP
YoY +30.0% +12.9% +17.5% +19.5% +19.4%

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