NAKANO REFRIGERATORS, 7% Increase in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

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Fri Feb 7, 2025 3:35 pm JST Earnings

6411 NAKANO REFRIGERATORS CO.,LTD. 【J-GAAP】

Earnings Report

NAKANO REFRIGERATORS CO.,LTD. <6411> [TSE Std] announced its financial results after the market closed on February 7th (15:35). The consolidated ordinary profit for the fiscal year ending December 2024 increased 11.7% from the previous period to 2.83 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 7.2% to 3.03 billion yen. This will be the third consecutive term of revenue and profit growth.

At the same time, the company increased the annual dividend for the previous term from 212 yen to 216 yen (compared to 381 yen in the prior term), and has decided to reduce the dividend this fiscal year to 207 yen, a decrease of 9 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit decreased to 0.83 billion yen, a 8.3% decrease compared to the same period last year. The operating profit margin worsened from 9.2% in the same period last year to 7.9%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	27,534	909	1,011	750	149.0	150	Feb 8, 2023	J-GAAP
Dec, 2023	32,990	2,434	2,535	1,904	380.7	381	Feb 13, 2024	J-GAAP
Dec, 2024	33,861	2,717	2,832	2,153	430.3	216	Feb 7, 2025	J-GAAP
YoY	+2.6%	+11.6%	+11.7%	+13.1%	+13.0%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	35,250	2,583	2,703	2,113	421.8	212	Aug 9, 2024	J-GAAP
Dec, 2024 Results	33,861	2,717	2,832	2,153	430.3	216	Feb 7, 2025	J-GAAP
Revision Rate	-3.9%	+5.2%	+4.8%	+1.9%	+2.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	16,592	1,390	1,464	1,010	202.0	0	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	0	Feb 7, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	32,990	2,434	2,535	1,904	380.7	381	Feb 13, 2024	J-GAAP
Dec, 2024	33,861	2,717	2,832	2,153	430.3	216	Feb 7, 2025	J-GAAP
Dec, 2025 Guidance	36,800	2,952	3,037	2,072	413.6	207	Feb 7, 2025	J-GAAP
YoY	+8.7%	+8.6%	+7.2%	-3.8%	-3.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	9,539	879	912	777	155.3	9.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	8,660	956	968	669	134.0	11.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	7,932	434	496	341	68.2	5.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,331	540	532	625	124.9	7.4	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	9,938	787	836	518	103.5	7.9	Feb 7, 2025	J-GAAP
YoY	+4.2%	-10.5%	-8.3%	-33.3%	-33.4%