NORITZ, Last Fiscal Year's Ordinary Profit Exceeds Expectations, 9% Increase in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 2 yen, This Fiscal Year to Increase Dividend by 2 yen

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Thu Feb 13, 2025 3:30 pm JST Earnings

5943 NORITZ CORPORATION 【J-GAAP】

Earnings Report

NORITZ CORPORATION <5943> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 surged by 2.9 times that of the previous term, reaching 3.57 billion yen, exceeding the previous forecast of 2.6 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 9.0% to 3.9 billion yen.

At the same time, the company increased the annual dividend for the previous term from 67 yen to 69 yen (compared to 53 yen in the prior term), and has decided to increase the dividend this fiscal year to 71 yen, an increase of 2 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit surged 14 times that of the same period last year, reaching 3.16 billion yen. However, the operating profit margin worsened from 5.3% in the same period last year to 4.6%.

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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	210,966	6,889	7,900	4,800	104.6	53	Feb 14, 2023	J-GAAP
Dec, 2023	201,891	3,840	1,245	868	18.8	53	Feb 14, 2024	J-GAAP
Dec, 2024	202,204	2,395	3,579	4,383	94.9	69	Feb 13, 2025	J-GAAP
YoY	+0.2%	-37.6%	+187.5%	+405.0%	+403.7%

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	200,000	1,600	2,600	3,800	82.2	67	Dec 5, 2024	J-GAAP
Dec, 2024 Results	202,204	2,395	3,579	4,383	94.9	69	Feb 13, 2025	J-GAAP
Revision Rate	+1.1%	+49.7%	+37.7%	+15.3%	+15.4%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	96,012	-127	410	-354	-7.7	33	Aug 8, 2024	J-GAAP
Jan - Jun, 2025 Guidance	96,500	50	500	280	6.1	35	Feb 13, 2025	J-GAAP
YoY	+0.5%	－	+22.0%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	201,891	3,840	1,245	868	18.8	53	Feb 14, 2024	J-GAAP
Dec, 2024	202,204	2,395	3,579	4,383	94.9	69	Feb 13, 2025	J-GAAP
Dec, 2025 Guidance	205,000	3,000	3,900	2,400	52.2	71	Feb 13, 2025	J-GAAP
YoY	+1.4%	+25.3%	+9.0%	-45.2%	-45.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	57,088	3,008	234	295	6.4	5.3	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	50,555	769	794	287	6.2	1.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	45,457	-896	-384	-641	-13.9	-2.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	45,181	-288	2	2,702	58.6	-0.6	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	61,011	2,810	3,167	2,035	44.1	4.6	Feb 13, 2025	J-GAAP
YoY	+6.9%	-6.6%	+1,253.4%	+589.8%	+588.4%