kabutan

NITTOC CONSTRUCTION, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 29% Decrease

Fri Feb 7, 2025 3:00 pm JST Earnings

1929 NITTOC CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

NITTOC CONSTRUCTION CO.,LTD. <1929> [TSE Prime] announced its financial results in the afternoon session on February 7th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 31.7% from the same period last year to 2.48 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 42.6%, from the previous forecast of 5.4 billion yen to 3.1 billion yen (compared to 4.39 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 29.5% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 46.8%, from the previous forecast of 4.91 billion yen to 2.61 billion yen (compared to 2.76 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 5.4% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 1.99 billion yen, a 0.1% decrease compared to the same period last year. The operating profit margin decreased from 10.2% in the same period last year to 9.7%.

Kabutan News

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 53,904 4,384 4,323 2,810 67.4 79.1 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 54,874 3,601 3,630 2,444 58.6 82.6 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 49,760 2,369 2,480 1,546 37.1 80.0 Feb 7, 2025 J-GAAP
YoY -9.3% -34.2% -31.7% -36.7% -36.8%

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 42,964 4,947 4,918 3,365 80.6 26 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 34,964 2,547 2,618 1,565 37.5 26 Feb 7, 2025 J-GAAP
Revision Rate -18.6% -48.5% -46.8% -53.5% -53.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 73,000 5,400 5,400 3,600 86.2 48 May 9, 2024 J-GAAP
Mar, 2025 New 65,000 3,000 3,100 1,800 43.1 48 Feb 7, 2025 J-GAAP
Revision Rate -11.0% -44.4% -42.6% -50.0% -50.0%

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 36,903 2,790 2,767 1,966 47.1 25 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 34,964 2,547 2,618 1,565 37.5 26 Feb 7, 2025 J-GAAP
YoY -5.3% -8.7% -5.4% -20.4% -20.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 72,918 5,451 5,462 3,526 84.6 45 May 10, 2023 J-GAAP
Mar, 2024 71,880 4,356 4,397 3,066 73.5 47 May 9, 2024 J-GAAP
Mar, 2025 Guidance 65,000 3,000 3,100 1,800 43.1 48 Feb 7, 2025 J-GAAP
YoY -9.6% -31.1% -29.5% -41.3% -41.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 19,897 2,035 2,000 1,344 32.2 10.2 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 17,006 755 767 622 14.9 4.4 May 9, 2024 J-GAAP
Apr - Jun, 2024 13,990 -109 -50 -63 -1.5 -0.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 16,046 562 532 298 7.2 3.5 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 19,724 1,916 1,998 1,311 31.4 9.7 Feb 7, 2025 J-GAAP
YoY -0.9% -5.8% -0.1% -2.5% -2.5%

Related Articles