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Namura Shipbuilding, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 83%, Exceeds Full-Year Plan

Thu Feb 13, 2025 3:40 pm JST Earnings

7014 Namura Shipbuilding Co.,Ltd. 【J-GAAP】

Earnings Report

Namura Shipbuilding Co.,Ltd. <7014> [TSE Std] announced its financial results after the market closed on February 13th (15:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 24.9 billion yen, an increase 82.6% compared to the same period last year. The progress rate toward the full-year plan of 24 billion yen is 104.1%, already exceeding the target and also exceeding the same period of the previous year of 68.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 0.98 billion yen (compared to a profit of 6.32 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.3 times that of the same period last year, reaching 10.4 billion yen. The operating profit margin jumped from 14.1% in the same period last year to 20.6%.

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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 92,945 9,791 11,802 11,673 168.8 103.8 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 96,955 11,687 13,680 11,512 166.1 68.4 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 120,721 23,814 24,984 22,523 324.7 104.1 Feb 13, 2025 J-GAAP
YoY +24.5% +103.8% +82.6% +95.6% +95.5%

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 74,387 9,924 10,949 12,363 178.4 15 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 76,719 8,913 9,417 7,714 111.2 15 Nov 12, 2024 J-GAAP
YoY +3.1% -10.2% -14.0% -37.6% -37.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 124,080 9,595 11,369 11,194 161.9 5 May 11, 2023 J-GAAP
Mar, 2024 135,006 16,493 20,007 19,954 287.9 20 May 14, 2024 J-GAAP
Mar, 2025 Guidance 155,000 24,000 24,000 22,000 317.1 35 Nov 12, 2024 J-GAAP
YoY +14.8% +45.5% +20.0% +10.3% +10.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 36,336 5,118 4,622 3,921 56.6 14.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 38,051 4,806 6,327 8,442 121.8 12.6 May 14, 2024 J-GAAP
Apr - Jun, 2024 39,760 8,614 9,792 9,694 139.8 21.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 38,521 6,473 4,791 4,592 66.2 16.8 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 42,440 8,727 10,401 8,237 118.8 20.6 Feb 13, 2025 J-GAAP
YoY +16.8% +70.5% +125.0% +110.1% +109.9%

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