NITTAN, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 47%, Oct-Dec Ordinary Profit Decreases by 27%

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Fri Jan 31, 2025 4:00 pm JST Earnings

6493 NITTAN Corporation 【J-GAAP】

Earnings Report

NITTAN Corporation <6493> [TSE Std] announced its financial results after the market closed on January 31st (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 47.5% from the same period last year to 1.18 billion yen. The progress rate toward the full-year plan of 1.85 billion yen was 64.2%, also falling below the five-year average of 72.1%.

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 surge 3.0 times that of the same period last year, reaching 0.66 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.69 billion yen, a 27.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 6.2% in the same period last year to 6.0%.

Kabutan News

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	31,617	588	887	-34	-1.2	50.4	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	37,914	1,875	2,262	819	28.5	91.1	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	37,506	923	1,188	302	10.5	64.2	Jan 31, 2025	J-GAAP
YoY	-1.1%	-50.8%	-47.5%	-63.1%	-63.1%

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	24,637	955	1,178	178	6.2	7	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	24,448	1,539	1,358	708	24.6	6	Nov 1, 2024	J-GAAP
YoY	-0.8%	+61.2%	+15.3%	+297.8%	+296.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	41,876	1,440	1,759	391	13.6	9	May 12, 2023	J-GAAP
Mar, 2024	49,478	2,023	2,482	601	20.9	12	May 13, 2024	J-GAAP
Mar, 2025 Guidance	50,000	1,750	1,850	700	24.3	12	Oct 30, 2024	J-GAAP
YoY	+1.1%	-13.5%	-25.5%	+16.5%	+16.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	13,073	807	958	396	13.8	6.2	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	11,564	148	220	-218	-7.6	1.3	May 13, 2024	J-GAAP
Apr - Jun, 2024	12,079	-60	167	-189	-6.6	-0.5	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	13,473	271	325	181	6.6	2.0	Nov 1, 2024	J-GAAP
Oct - Dec, 2024	11,954	712	696	310	10.8	6.0	Jan 31, 2025	J-GAAP
YoY	-8.6%	-11.8%	-27.3%	-21.7%	-21.7%