NITCHITSU, Oct-Dec (3Q) Ordinary Profit Increases by 12%

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Thu Feb 13, 2025 5:00 pm JST Earnings

7021 NITCHITSU CO.,LTD. 【J-GAAP】

Earnings Report

NITCHITSU CO.,LTD. <7021> [TSE Std] announced its financial results after the market closed on February 13th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 11.8% from the same period last year to 165 million yen. However, the progress rate toward the full-year plan of 210 million yen was 78.6%, also surpassing the five-year average of 49.7%.

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 for the January to March period (4Q) is expected to decrease 26.2% from the same period last year to 45 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 12.2% from the same period last year, reaching 46 million yen. However, the operating profit margin worsened from 3.1% in the same period last year to 1.9%.

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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	5,889	17	45	-178	-85.9	ー	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	6,079	228	187	87	42.5	75.4	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	7,160	198	165	236	119.9	78.6	Feb 13, 2025	J-GAAP
YoY	+17.8%	-13.2%	-11.8%	+171.3%	+182.5%

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	4,197	159	102	178	87.3	15	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,386	139	91	39	19.9	20	Nov 11, 2024	J-GAAP
YoY	+4.5%	-12.6%	-10.8%	-78.1%	-77.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,024	-38	-23	-540	-259.8	30	May 12, 2023	J-GAAP
Mar, 2024	8,286	325	248	247	121.1	30	May 13, 2024	J-GAAP
Mar, 2025 Guidance	9,100	290	210	250	127.2	35	Nov 11, 2024	J-GAAP
YoY	+9.8%	-10.8%	-15.3%	+1.2%	+5.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,990	62	41	18	8.8	3.1	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	2,207	97	61	160	78.5	4.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	2,526	100	108	103	52.3	4.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,188	51	11	108	54.8	2.3	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	2,446	47	46	25	12.7	1.9	Feb 13, 2025	J-GAAP
YoY	+22.9%	-24.2%	+12.2%	+38.9%	+44.6%