kabutan

Nippon Avionics, Oct-Dec (3Q) Ordinary Profit Decreases by 16%

Fri Jan 31, 2025 6:00 pm JST Earnings

6946 Nippon Avionics Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Avionics Co., Ltd. <6946> [TSE Std] announced its financial results after the market closed on January 31st (18:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 7.2% from the same period last year, reaching 1.59 billion yen. However, the progress rate toward the full-year plan of 2.55 billion yen was 62.7%, almost the same as the five-year average of 63.7%.

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 expand 43.8% from the same period last year, reaching 0.95 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 0.49 billion yen, a 16.0% decrease compared to the same period last year. The operating profit margin decreased from 13.1% in the same period last year to 11.3%.

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 12,624 1,145 1,127 965 68.3 58.5 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 13,253 1,509 1,490 1,166 72.1 69.2 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 13,670 1,665 1,598 1,065 67.0 62.7 Jan 31, 2025 J-GAAP
YoY +3.1% +10.3% +7.2% -8.7% -7.1%

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 9,386 1,268 1,256 1,405 86.2 6 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,894 1,452 1,451 1,166 75.8 6 Oct 29, 2024 J-GAAP
YoY +37.4% +14.5% +15.5% -17.0% -12.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,754 1,951 1,925 1,820 128.2 6 May 12, 2023 J-GAAP
Mar, 2024 18,055 2,178 2,152 2,149 131.9 6 May 10, 2024 J-GAAP
Mar, 2025 Guidance 22,000 2,600 2,550 1,900 123.5 6 May 10, 2024 J-GAAP
YoY +21.8% +19.4% +18.5% -11.6% -6.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 4,584 599 594 422 26.1 13.1 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 4,802 669 662 983 60.3 13.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 4,087 325 308 191 11.5 8.0 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 5,019 823 791 543 33.7 16.4 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 4,564 517 499 331 20.8 11.3 Jan 31, 2025 J-GAAP
YoY -0.4% -13.7% -16.0% -21.6% -20.2%

Related Articles