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NEC Capital Solutions, Oct-Dec (3Q) Ordinary Profit Decreases by 20%

Fri Jan 31, 2025 3:30 pm JST Earnings

8793 NEC Capital Solutions Limited 【J-GAAP】

Earnings Report

NEC Capital Solutions Limited <8793> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 19.5% from the same period last year, reaching 8.26 billion yen. However, the progress rate toward the full-year plan of 12.5 billion yen was 66.1%, also falling below the five-year average of 81.1%.

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 13.6% from the same period last year to 4.23 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 2.93 billion yen, a 20.4% decrease compared to the same period last year. The operating profit margin worsened from 5.5% in the same period last year to 2.5%.

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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 196,232 11,057 11,669 5,666 263.2 93.8 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 187,559 7,256 6,921 3,510 163.0 58.6 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 189,538 6,405 8,268 5,932 275.4 66.1 Jan 31, 2025 J-GAAP
YoY +1.1% -11.7% +19.5% +69.0% +68.9%

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 131,847 7,953 8,578 5,090 236.4 65 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 136,268 7,267 7,163 4,616 214.3 75 Oct 30, 2024 J-GAAP
YoY +3.4% -8.6% -16.5% -9.3% -9.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 258,107 11,715 12,440 6,418 298.1 110 Apr 28, 2023 J-GAAP
Mar, 2024 255,857 11,694 11,818 7,034 326.7 130 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 260,000 12,000 12,500 8,000 371.4 150 Apr 26, 2024 J-GAAP
YoY +1.6% +2.6% +5.8% +13.7% +13.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 63,549 3,515 3,681 1,566 72.7 5.5 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 68,298 4,438 4,897 3,524 163.7 6.5 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 61,536 2,603 3,695 2,297 106.7 4.2 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 62,196 2,130 1,642 1,087 50.5 3.4 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 65,806 1,672 2,931 2,548 118.3 2.5 Jan 31, 2025 J-GAAP
YoY +3.6% -52.4% -20.4% +62.7% +62.6%

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