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NAGOYA ELECTRIC WORKS, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 4.6 times, Oct-Dec Ordinary Profit Increases by 3.0 times

Fri Jan 31, 2025 4:00 pm JST Earnings

6797 NAGOYA ELECTRIC WORKS CO.,LTD. 【J-GAAP】

Earnings Report

NAGOYA ELECTRIC WORKS CO.,LTD. <6797> [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) surged 4.6 times that of the same period last year, reaching 1.07 billion yen. The progress rate toward the full-year plan of 2.44 billion yen was 43.9%, exceeding the five-year average of 27.0%.

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 35.3% from the same period last year to 1.36 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 3.0 times that of the same period last year, reaching 0.72 billion yen. The operating profit margin drastically improved from 6.8% in the same period last year to 15.9%.

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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 9,522 652 619 270 23.1 25.4 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 9,716 234 235 109 9.3 10.0 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 9,908 1,022 1,071 768 65.5 43.9 Jan 31, 2025 J-GAAP
YoY +2.0% +336.8% +355.7% +604.6% +601.5%

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 11,203 2,337 2,357 1,725 147.4 35 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,373 2,057 2,091 1,476 125.8 37.50 Oct 31, 2024 J-GAAP
YoY +10.4% -12.0% -11.3% -14.4% -14.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,009 2,496 2,439 1,597 136.7 35 May 11, 2023 J-GAAP
Mar, 2024 17,582 2,344 2,351 1,680 143.5 35 May 14, 2024 J-GAAP
Mar, 2025 Guidance 18,000 2,400 2,440 1,700 144.9 37.50 May 14, 2024 J-GAAP
YoY +2.4% +2.4% +3.8% +1.2% +1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,337 227 241 154 13.2 6.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 7,866 2,110 2,116 1,571 134.2 26.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,441 29 65 39 3.4 1.2 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 3,186 314 284 185 15.9 9.9 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 4,281 679 722 544 46.4 15.9 Jan 31, 2025 J-GAAP
YoY +28.3% +199.1% +199.6% +253.2% +251.9%

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