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NEC, The Current Fiscal Year Net Income Revised Upward by 10%, Exceeded Record Profit Forecast
6701 NEC Corporation 【IFRS】
Earnings ReportNEC Corporation <6701> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 30th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.1 times that of the same period last year, reaching 71.5 billion yen.
In addition, the full-year consolidated net income has been revised upward 10.3%, from the previous forecast of 165 billion yen to 182 billion yen (compared to 149 billion yen in the previous period), increasing the growth rate from 10.4% to 21.7%. The company has further increased its previous forecast of record profits for the first time in four years.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 11.2%, from the previous forecast of 151 billion yen to 168 billion yen (compared to 136 billion yen in the same period of the previous year), increasing the growth rate from 10.9% to 23.4%.
In the most recent three-month period, from October to December (3Q), the consolidated net income surged 2.7 times that of the same period last year, reaching 58 billion yen. The operating profit margin significantly improved from 5.0% in the same period last year to 9.8%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Apr - Dec, 2022 | 2,269,259 | 57,099 | 57,603 | 26,369 | 19.5 | 34.4 | Jan 30, 2023 | IFRS |
Apr - Dec, 2023 | 2,393,276 | 69,815 | 68,154 | 34,040 | 25.6 | 36.8 | Jan 30, 2024 | IFRS |
Apr - Dec, 2024 | 2,321,809 | 126,166 | 114,329 | 71,554 | 53.7 | ー | Jan 30, 2025 | IFRS |
YoY | -3.0% | +80.7% | +67.8% | +110.2% | +110.1% |
Guidance Update
Second Half Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Oct - Mar, 2024 Prev | 1,883,324 | ー | ー | ー | - | 14 | Oct 29, 2024 | IFRS |
Oct - Mar, 2024 New | 1,923,324 | ー | ー | ー | - | 14 | Jan 30, 2025 | IFRS |
Revision Rate | +2.1% | - | - | - | - |
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2025 Prev | 3,370,000 | ー | ー | ー | - | 28 | Apr 26, 2024 | IFRS |
Mar, 2025 New | 3,410,000 | ー | ー | ー | - | 28 | Jan 30, 2025 | IFRS |
Revision Rate | +1.2% | - | - | - | - |
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 | 1,928,461 | 160,017 | 153,034 | 136,607 | 102.6 | 12 | Apr 26, 2024 | IFRS |
Oct - Mar, 2024 Guidance | 1,923,324 | ー | ー | ー | - | 14 | Jan 30, 2025 | IFRS |
YoY | -0.3% | - | - | - | - |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2023 | 3,313,018 | 170,447 | 167,671 | 114,500 | 84.9 | 22 | Apr 28, 2023 | IFRS |
Mar, 2024 | 3,477,262 | 188,012 | 185,011 | 149,521 | 112.3 | 24 | Apr 26, 2024 | IFRS |
Mar, 2025 Guidance | 3,410,000 | ー | ー | ー | - | 28 | Jan 30, 2025 | IFRS |
YoY | -1.9% | - | - | - | - |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Oct - Dec, 2023 | 844,475 | 41,820 | 36,177 | 21,126 | 15.9 | 5.0 | Jan 30, 2024 | IFRS |
Jan - Mar, 2024 | 1,083,986 | 118,197 | 116,857 | 115,481 | 86.7 | 10.9 | Apr 26, 2024 | IFRS |
Apr - Jun, 2024 | 690,296 | 4,540 | -3,323 | -5,836 | -4.4 | 0.7 | Jul 30, 2024 | IFRS |
Jul - Sep, 2024 | 796,380 | 40,153 | 30,000 | 19,296 | 14.5 | 5.0 | Oct 29, 2024 | IFRS |
Oct - Dec, 2024 | 835,133 | 81,473 | 87,652 | 58,094 | 43.6 | 9.8 | Jan 30, 2025 | IFRS |
YoY | -1.1% | +94.8% | +142.3% | +175.0% | +174.9% |
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