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Nitta, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 17% Increase, Highest in Three Terms

Fri Feb 7, 2025 2:00 pm JST Earnings

5186 Nitta Corporation 【J-GAAP】

Earnings Report

Nitta Corporation <5186> [TSE Prime] announced its financial results in the afternoon session on February 7th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 19.5% from the same period last year, reaching 11 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 16.7%, from the previous forecast of 12 billion yen to 14 billion yen (compared to 12 billion yen in the previous period), reaches new record high for the first time in three terms, turning to a 16.6% 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 42.1%, from the previous forecast of 4.75 billion yen to 6.75 billion yen (compared to 5.78 billion yen in the same period of the previous year), turning to a 16.7% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 25.4% from the same period last year, reaching 3.84 billion yen. The operating profit margin improved from 5.7% in the same period last year to 6.9%.

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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 65,476 4,107 10,304 8,360 298.1 79.9 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 66,629 3,834 9,283 7,630 274.0 77.3 Feb 2, 2024 J-GAAP
Apr - Dec, 2024 66,849 4,120 11,089 9,416 338.6 79.2 Feb 7, 2025 J-GAAP
YoY +0.3% +7.5% +19.5% +23.4% +23.6%

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 45,646 2,237 4,752 4,169 150.6 66 Nov 1, 2024 J-GAAP
Oct - Mar, 2024 New 45,646 2,437 6,752 5,669 204.8 66 Feb 7, 2025 J-GAAP
Revision Rate 0.0% +8.9% +42.1% +36.0% +36.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 90,000 4,800 12,000 10,000 361.3 132 May 10, 2024 J-GAAP
Mar, 2025 New 90,000 5,000 14,000 11,500 415.5 132 Feb 7, 2025 J-GAAP
Revision Rate 0.0% +4.2% +16.7% +15.0% +15.0%

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 44,844 1,895 5,786 4,842 173.8 67 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 45,646 2,437 6,752 5,669 204.8 66 Feb 7, 2025 J-GAAP
YoY +1.8% +28.6% +16.7% +17.1% +17.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 88,000 4,989 12,900 10,853 387.3 110 May 12, 2023 J-GAAP
Mar, 2024 88,609 4,421 12,007 9,857 353.8 122 May 10, 2024 J-GAAP
Mar, 2025 Guidance 90,000 5,000 14,000 11,500 415.5 132 Feb 7, 2025 J-GAAP
YoY +1.6% +13.1% +16.6% +16.7% +17.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 22,864 1,308 3,062 2,615 93.9 5.7 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 21,980 587 2,724 2,227 79.9 2.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 21,634 1,162 3,603 3,015 108.1 5.4 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 22,720 1,401 3,645 2,816 101.0 6.2 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 22,495 1,557 3,841 3,585 128.9 6.9 Feb 7, 2025 J-GAAP
YoY -1.6% +19.0% +25.4% +37.1% +37.3%

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