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NIRECO, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 22% Increase, Dividend Revised Upward by 15 yen
6863 NIRECO CORPORATION 【J-GAAP】
Earnings ReportNIRECO CORPORATION <6863> [TSE Std] announced its financial results after the market closed on February 6th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 24.7% from the same period last year, reaching 1.39 billion yen.
In addition, the full-year consolidated ordinary profit has been revised upward 22.4%, from the previous forecast of 1.47 billion yen to 1.8 billion yen (compared to 1.47 billion yen in the previous period), turning to a 22.4% 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 52.8%, from the previous forecast of 0.62 billion yen to 0.95 billion yen (compared to 0.88 billion yen in the same period of the previous year), turning to a 8.4% increase in the consolidated ordinary profit outlook.
In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 64 yen to 79 yen (compared to 62 yen in the previous period).
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 3.8% from the same period last year, reaching 0.54 billion yen. However, the operating profit margin decreased from 19.9% in the same period last year to 18.9%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Apr - Dec, 2022 | 6,357 | 688 | 757 | 499 | 68.2 | 60.3 | Feb 13, 2023 | J-GAAP |
Apr - Dec, 2023 | 7,041 | 1,035 | 1,117 | 775 | 105.4 | 76.0 | Feb 13, 2024 | J-GAAP |
Apr - Dec, 2024 | 7,570 | 1,292 | 1,393 | 1,013 | 137.0 | 77.4 | Feb 6, 2025 | J-GAAP |
YoY | +7.5% | +24.8% | +24.7% | +30.7% | +29.9% |
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 | 5,092 | 612 | 625 | 500 | 67.5 | 40 | Nov 13, 2024 | J-GAAP |
Oct - Mar, 2024 New | 5,692 | 892 | 955 | 740 | 99.8 | 55 | Feb 6, 2025 | J-GAAP |
Revision Rate | +11.8% | +45.8% | +52.8% | +48.0% | +48.0% |
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2025 Prev | 10,000 | 1,400 | 1,470 | 1,050 | 141.7 | 64 | Nov 13, 2024 | J-GAAP |
Mar, 2025 New | 10,600 | 1,680 | 1,800 | 1,290 | 174.0 | 79 | Feb 6, 2025 | J-GAAP |
Revision Rate | +6.0% | +20.0% | +22.4% | +22.9% | +22.9% |
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 | 5,330 | 850 | 881 | 641 | 87.1 | 42 | May 14, 2024 | J-GAAP |
Oct - Mar, 2024 Guidance | 5,692 | 892 | 955 | 740 | 99.8 | 55 | Feb 6, 2025 | J-GAAP |
YoY | +6.8% | +4.9% | +8.4% | +15.4% | +14.6% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2023 | 9,155 | 1,182 | 1,255 | 860 | 117.4 | 47 | May 12, 2023 | J-GAAP |
Mar, 2024 | 9,861 | 1,386 | 1,470 | 1,011 | 137.4 | 62 | May 14, 2024 | J-GAAP |
Mar, 2025 Guidance | 10,600 | 1,680 | 1,800 | 1,290 | 174.0 | 79 | Feb 6, 2025 | J-GAAP |
YoY | +7.5% | +21.2% | +22.4% | +27.6% | +26.7% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Oct - Dec, 2023 | 2,510 | 499 | 528 | 405 | 55.1 | 19.9 | Feb 13, 2024 | J-GAAP |
Jan - Mar, 2024 | 2,820 | 351 | 353 | 236 | 32.1 | 12.4 | May 14, 2024 | J-GAAP |
Apr - Jun, 2024 | 2,389 | 301 | 359 | 206 | 28.0 | 12.6 | Aug 9, 2024 | J-GAAP |
Jul - Sep, 2024 | 2,519 | 487 | 486 | 344 | 46.6 | 19.3 | Nov 13, 2024 | J-GAAP |
Oct - Dec, 2024 | 2,662 | 504 | 548 | 463 | 62.6 | 18.9 | Feb 6, 2025 | J-GAAP |
YoY | +6.1% | +1.0% | +3.8% | +14.3% | +13.6% |
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