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NIPPON ROAD, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 33%, Oct-Dec Ordinary Profit Increases by 73%

Fri Jan 31, 2025 1:00 pm JST Earnings

1884 THE NIPPON ROAD CO.,LTD. 【J-GAAP】

Earnings Report

THE NIPPON ROAD CO.,LTD. <1884> [TSE Prime] announced its financial results in the afternoon session on January 31st (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 7.33 billion yen, an increase 32.9% compared to the same period last year. The progress rate toward the full-year plan of 8.6 billion yen was 85.3%, also surpassing the five-year average of 69.3%.

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 January to March period (4Q) is expected to drop 48.9% from the same period last year to 1.26 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 73.4% from the same period last year, reaching 4.52 billion yen. The operating profit margin significantly improved from 5.9% in the same period last year to 9.3%.

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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 113,875 3,446 3,642 3,862 87.9 61.5 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 118,329 5,396 5,519 3,584 81.6 69.0 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 120,843 7,079 7,336 4,417 100.5 85.3 Jan 31, 2025 J-GAAP
YoY +2.1% +31.2% +32.9% +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 86,224 5,016 5,084 3,570 81.3 60 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 91,937 5,888 5,788 3,495 79.5 60 Nov 6, 2024 J-GAAP
YoY +6.6% +17.4% +13.8% -2.1% -2.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 155,353 5,695 5,920 5,704 129.8 56 May 11, 2023 J-GAAP
Mar, 2024 160,519 7,833 7,994 5,053 115.0 60 May 13, 2024 J-GAAP
Mar, 2025 Guidance 165,000 8,500 8,600 5,200 118.3 60 May 13, 2024 J-GAAP
YoY +2.8% +8.5% +7.6% +2.9% +2.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 44,034 2,579 2,609 2,101 47.8 5.9 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 42,190 2,437 2,475 1,469 33.4 5.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 34,497 266 323 110 2.5 0.8 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 38,566 2,346 2,489 1,595 36.3 6.1 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 47,780 4,467 4,524 2,712 61.7 9.3 Jan 31, 2025 J-GAAP
YoY +8.5% +73.2% +73.4% +29.1% +29.1%

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