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Naikai Zosen, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 63%, Exceeds Full-Year Plan

Wed Feb 5, 2025 3:30 pm JST Earnings

7018 Naikai Zosen Corporation 【J-GAAP】

Earnings Report

Naikai Zosen Corporation <7018> [TSE Std] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 62.7% from the same period last year to 1 billion yen. The progress rate toward the full-year plan of 0.75 billion yen is 133.5%, already exceeding the target and also exceeding the five-year average of 85.2%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.25 billion yen (compared to a profit of 0.4 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 0.62 billion yen (compared to a loss of 0.01 billion yen in the same period last year). The operating profit margin significantly improved from 0.2% in the same period last year to 4.7%.

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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 26,841 712 614 780 460.6 96.2 Feb 6, 2023 J-GAAP
Apr - Dec, 2023 36,025 2,712 2,686 2,226 1,313.4 87.0 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 34,788 1,200 1,001 884 521.9 133.5 Feb 5, 2025 J-GAAP
YoY -3.4% -55.8% -62.7% -60.3% -60.3%

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 20,041 492 390 64 37.8 100 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,213 264 373 343 202.4 40 Nov 7, 2024 J-GAAP
YoY +10.8% -46.3% -4.4% +435.9% +435.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 37,617 765 638 737 435.1 40 May 12, 2023 J-GAAP
Mar, 2024 46,383 3,183 3,088 2,261 1,333.9 100 May 10, 2024 J-GAAP
Mar, 2025 Guidance 45,000 900 750 700 413.0 40 May 10, 2024 J-GAAP
YoY -3.0% -71.7% -75.7% -69.0% -69.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 9,683 21 -12 29 17.1 0.2 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 10,358 471 402 35 20.7 4.5 May 10, 2024 J-GAAP
Apr - Jun, 2024 13,459 257 221 209 123.7 1.9 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 9,328 379 156 148 87.4 4.1 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 12,001 564 624 527 311.1 4.7 Feb 5, 2025 J-GAAP
YoY +23.9% +2,585.7% － +1,717.2% +1,718.4%

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