NOK, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 14% Increase

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Wed Feb 5, 2025 3:30 pm JST Earnings

7240 NOK CORPORATION 【J-GAAP】

Earnings Report

NOK CORPORATION <7240> [TSE Prime] 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) expanded 41.3 billion yen, an increase 36.3% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 18.3%, from the previous forecast of 38.7 billion yen to 45.8 billion yen (compared to 40.2 billion yen in the previous period), turning to a 13.7% increase in the consolidated ordinary profit outlook.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 40.4%, from the previous forecast of 17.5 billion yen to 24.6 billion yen (compared to 23.8 billion yen in the same period of the previous year), turning to a 3.3% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 45.0% from the same period last year, reaching 20.1 billion yen. The operating profit margin remained almost flat, changing from 6.0% in the same period last year to 6.2%.

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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	540,215	15,078	23,903	13,529	78.6	90.0	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	567,547	17,591	30,308	21,129	125.2	75.2	Feb 2, 2024	J-GAAP
Apr - Dec, 2024	589,106	31,173	41,306	28,926	176.0	90.2	Feb 5, 2025	J-GAAP
YoY	+3.8%	+77.2%	+36.3%	+36.9%	+40.6%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	351,834	12,816	17,583	9,196	56.4	50	Nov 7, 2024	J-GAAP
Oct - Mar, 2024 New	362,034	16,216	24,683	16,596	101.8	50	Feb 5, 2025	J-GAAP
Revision Rate	+2.9%	+26.5%	+40.4%	+80.5%	+80.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	745,500	31,900	38,700	22,800	139.8	100	Nov 7, 2024	J-GAAP
Mar, 2025 New	755,700	35,300	45,800	30,200	185.2	100	Feb 5, 2025	J-GAAP
Revision Rate	+1.4%	+10.7%	+18.3%	+32.5%	+32.5%

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	396,263	18,049	23,896	19,421	115.7	50	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	362,034	16,216	24,683	16,596	101.8	50	Feb 5, 2025	J-GAAP
YoY	-8.6%	-10.2%	+3.3%	-14.5%	-12.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	709,956	15,378	26,557	13,320	77.6	75	May 10, 2023	J-GAAP
Mar, 2024	750,502	22,912	40,285	31,602	188.3	87.50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	755,700	35,300	45,800	30,200	185.2	100	Feb 5, 2025	J-GAAP
YoY	+0.7%	+54.1%	+13.7%	-4.4%	-1.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	213,308	12,728	13,919	8,948	53.0	6.0	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	182,955	5,321	9,977	10,473	62.4	2.9	May 13, 2024	J-GAAP
Apr - Jun, 2024	188,170	5,652	12,038	7,015	42.6	3.0	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	205,496	13,432	9,079	6,589	40.0	6.5	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	195,440	12,089	20,189	15,322	93.2	6.2	Feb 5, 2025	J-GAAP
YoY	-8.4%	-5.0%	+45.0%	+71.2%	+75.9%