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NKK SWITCHES, The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Mon Feb 10, 2025 4:00 pm JST Earnings

6943 NKK SWITCHES.CO.,LTD. 【J-GAAP】

Earnings Report

NKK SWITCHES.CO.,LTD. <6943> [TSE Std] announced its financial results after the market closed on February 10th (16:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 142 million yen (compared to a profit of 476 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of 50 million yen to a loss of 550 million yen (compared to a profit of 459 million yen in the previous period), turning to a loss outlook.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the October to March period (2H) has been revised downward from an expected profit of 42 million yen to a loss of 558 million yen (compared to a profit of 22 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 150 million yen (compared to a profit of 39 million yen in the same period last year). The operating profit/loss margin drastically worsened from 2.0% in the same period last year to -11.2%.

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 7,829 902 1,038 904 1,099.0 99.6 Feb 6, 2023 J-GAAP
Apr - Dec, 2023 7,302 420 476 330 402.1 103.7 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 5,658 -175 -142 -116 -141.5 Feb 10, 2025 J-GAAP
YoY -22.5%

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 4,534 -15 42 -51 0.0 40 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 3,534 -635 -558 -551 -669.7 40 Feb 10, 2025 J-GAAP
Revision Rate -22.1% -4,133.3% -980.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 8,500 0 50 0 0.0 70 May 8, 2024 J-GAAP
Mar, 2025 New 7,500 -620 -550 -500 -607.7 70 Feb 10, 2025 J-GAAP
Revision Rate -11.8%

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 4,368 -7 22 106 128.9 70 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,534 -635 -558 -551 -669.7 40 Feb 10, 2025 J-GAAP
YoY -19.1% -8,971.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,328 889 1,042 826 1,004.1 150 May 9, 2023 J-GAAP
Mar, 2024 9,441 369 459 389 473.1 120 May 8, 2024 J-GAAP
Mar, 2025 Guidance 7,500 -620 -550 -500 -607.7 70 Feb 10, 2025 J-GAAP
YoY -20.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,229 44 39 47 57.3 2.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,139 -51 -17 59 71.8 -2.4 May 8, 2024 J-GAAP
Apr - Jun, 2024 1,986 3 39 27 33.7 0.2 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 1,980 12 -31 24 29.7 0.6 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 1,692 -190 -150 -167 -203.8 -11.2 Feb 10, 2025 J-GAAP
YoY -24.1%

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