NIPPON RIETEC, The Current Fiscal Year Ordinary Profit Revised Upward by 14%

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Wed Feb 12, 2025 4:00 pm JST Earnings

1938 NIPPON RIETEC CO.,LTD. 【J-GAAP】

Earnings Report

NIPPON RIETEC CO.,LTD. <1938> [TSE Prime] announced its financial results after the market closed on February 12th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.9 times that of the same period last year, reaching 2.32 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 14.0%, from the previous forecast of 4 billion yen to 4.56 billion yen (compared to 3.91 billion yen in the previous period), increasing the growth rate from 2.3% to 16.6%.

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) has been revised upward 19.3%, from the previous forecast of 2.9 billion yen to 3.46 billion yen (compared to 3.94 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 26.5% to 12.3%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 48.0% from the same period last year, reaching 1.22 billion yen. The operating profit margin improved from 4.2% in the same period last year to 6.2%.

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	32,305	-862	-667	-535	-21.3	ー	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	36,398	461	793	494	19.8	20.3	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	43,897	1,830	2,327	1,633	66.0	51.0	Feb 12, 2025	J-GAAP
YoY	+20.6%	+297.0%	+193.4%	+230.6%	+232.6%

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	36,711	2,714	2,900	2,025	81.8	60	Dec 19, 2024	J-GAAP
Oct - Mar, 2024 New	39,211	3,214	3,460	2,805	113.3	60	Feb 12, 2025	J-GAAP
Revision Rate	+6.8%	+18.4%	+19.3%	+38.5%	+38.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	63,700	3,500	4,000	2,800	113.1	60	Dec 19, 2024	J-GAAP
Mar, 2025 New	66,200	4,000	4,560	3,580	144.6	60	Feb 12, 2025	J-GAAP
Revision Rate	+3.9%	+14.3%	+14.0%	+27.9%	+27.9%

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	36,825	3,581	3,946	2,848	114.5	35	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	39,211	3,214	3,460	2,805	113.3	60	Feb 12, 2025	J-GAAP
YoY	+6.5%	-10.2%	-12.3%	-1.5%	-1.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	53,745	2,688	3,081	2,137	85.1	27	May 11, 2023	J-GAAP
Mar, 2024	58,542	3,432	3,910	2,770	111.4	35	May 14, 2024	J-GAAP
Mar, 2025 Guidance	66,200	4,000	4,560	3,580	144.6	60	Feb 12, 2025	J-GAAP
YoY	+13.1%	+16.6%	+16.6%	+29.2%	+29.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	14,681	610	829	572	23.0	4.2	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	22,144	2,971	3,117	2,276	91.5	13.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	11,257	-370	-258	-192	-7.8	-3.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	15,732	1,156	1,358	967	39.1	7.3	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	16,908	1,044	1,227	858	34.7	6.2	Feb 12, 2025	J-GAAP
YoY	+15.2%	+71.1%	+48.0%	+50.0%	+50.9%