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NIHON DENKEI, Oct-Dec (3Q) Ordinary Profit Increases by 25%

Fri Feb 7, 2025 1:00 pm JST Earnings

9908 NIHON DENKEI CO.,LTD. 【J-GAAP】

Earnings Report

NIHON DENKEI CO.,LTD. <9908> [TSE Std] announced its financial results in the afternoon session on February 7th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 3.3% from the same period last year to 2.71 billion yen. However, the progress rate toward the full-year plan of 3.5 billion yen was 77.7%, also surpassing the five-year average of 57.3%.

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 significant drop 60.9% from the same period last year to 0.78 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 24.5% from the same period last year, reaching 1.44 billion yen. However, the operating profit margin worsened from 4.8% in the same period last year to 4.4%.

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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 71,856 2,438 2,586 1,718 146.5 64.7 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 73,403 2,607 2,812 1,998 172.9 58.5 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 76,772 2,613 2,719 1,761 154.4 77.7 Feb 7, 2025 J-GAAP
YoY +4.6% +0.2% -3.3% -11.9% -10.7%

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 61,784 3,104 3,155 1,814 157.3 45 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 61,621 2,125 2,223 1,655 145.6 42 Nov 11, 2024 J-GAAP
YoY -0.3% -31.5% -29.5% -8.8% -7.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 104,778 3,740 3,996 2,905 248.4 75 May 11, 2023 J-GAAP
Mar, 2024 108,539 4,431 4,809 2,947 255.5 80 May 10, 2024 J-GAAP
Mar, 2025 Guidance 110,000 3,500 3,500 2,400 211.2 82 May 10, 2024 J-GAAP
YoY +1.3% -21.0% -27.2% -18.6% -17.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 26,648 1,280 1,158 865 74.9 4.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 35,136 1,824 1,997 949 82.3 5.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 21,876 476 604 380 33.4 2.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 26,503 899 673 365 32.1 3.4 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 28,393 1,238 1,442 1,016 89.1 4.4 Feb 7, 2025 J-GAAP
YoY +6.5% -3.3% +24.5% +17.5% +19.0%

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