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Nippon Air Conditioning, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 12%

Fri Jan 31, 2025 4:30 pm JST Earnings

4658 Nippon Air Conditioning Services Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Air Conditioning Services Co., Ltd. <4658> [TSE Prime] announced its financial results after the market closed on January 31st (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 12.2% from the same period last year, reaching 2.87 billion yen. The progress rate toward the full-year plan of 3.9 billion yen was 73.8%, exceeding the five-year average of 63.6%.

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 21.2% from the same period last year to 1.02 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.99 billion yen, a 22.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.0% in the same period last year to 5.0%.

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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 35,221 1,465 1,642 1,016 29.7 53.8 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 39,617 2,367 2,565 1,675 48.8 66.4 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 44,187 2,658 2,877 1,843 53.5 73.8 Jan 31, 2025 J-GAAP
YoY +11.5% +12.3% +12.2% +10.0% +9.6%

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 34,102 2,507 2,585 1,949 56.8 24 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 34,070 1,909 2,017 1,622 47.0 20 Oct 31, 2024 J-GAAP
YoY -0.1% -23.9% -22.0% -16.8% -17.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 52,886 2,847 3,051 1,940 56.7 28 May 12, 2023 J-GAAP
Mar, 2024 58,232 3,630 3,863 2,725 79.4 39 May 13, 2024 J-GAAP
Mar, 2025 Guidance 61,000 3,700 3,900 2,800 81.1 40 May 13, 2024 J-GAAP
YoY +4.8% +1.9% +1.0% +2.8% +2.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 15,487 1,244 1,287 899 26.2 8.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 18,615 1,263 1,298 1,050 30.6 6.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 12,748 563 685 368 10.7 4.4 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 14,182 1,228 1,198 810 23.5 8.7 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 17,257 867 994 665 19.3 5.0 Jan 31, 2025 J-GAAP
YoY +11.4% -30.3% -22.8% -26.0% -26.3%

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