Nakamichi Leasing, 41% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend to Cut by 6 yen

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Fri Feb 14, 2025 12:00 pm JST Earnings

8594 Nakamichi Leasing Co., Ltd. 【J-GAAP】

Earnings Report

Nakamichi Leasing Co., Ltd. <8594> [SSE] announced its financial results at noon (12:00) on February 14th. The ordinary profit (non-consolidated) for the fiscal year ending December 2024 expanded 47.7% from the previous period to 1.87 billion yen. However, for the fiscal year ending December 2025, the profit is expected to drop by 41.2% from the previous period to 1.1 billion yen.

At the same time, the company has decided to reduce the dividend this fiscal year to 12 yen, a decrease of 6 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the ordinary profit increased 89.2% from the same period last year, reaching 0.36 billion yen. The operating profit margin improved from 1.4% in the same period last year to 1.8%.

Kabutan News

Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	43,568	744	908	567	76.4	8	Feb 14, 2023	J-GAAP
Dec, 2023	43,177	1,044	1,266	748	100.5	12	Feb 14, 2024	J-GAAP
Dec, 2024	49,540	1,532	1,870	1,234	165.6	18	Feb 14, 2025	J-GAAP
YoY	+14.7%	+46.7%	+47.7%	+65.0%	+64.7%

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	47,000	1,300	1,500	1,000	134.0	18	Feb 14, 2025	J-GAAP
Dec, 2024 Results	49,540	1,532	1,870	1,234	165.6	18	Feb 14, 2025	J-GAAP
Revision Rate	+5.4%	+17.8%	+24.7%	+23.4%	+23.5%

Guidance Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	47,000	1,300	1,500	1,000	134.0	18	Feb 14, 2025	J-GAAP
Dec, 2025 New	49,000	870	1,100	730	97.7	12	Feb 14, 2025	J-GAAP
Revision Rate	+4.3%	-33.1%	-26.7%	-27.0%	-27.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	22,519	608	728	501	67.2	－	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	24,500	580	700	470	62.9	－	Feb 14, 2025	J-GAAP
YoY	+8.8%	-4.6%	-3.8%	-6.2%	-6.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	43,177	1,044	1,266	748	100.5	12	Feb 14, 2024	J-GAAP
Dec, 2024	49,540	1,532	1,870	1,234	165.6	18	Feb 14, 2025	J-GAAP
Dec, 2025 Guidance	49,000	870	1,100	730	97.7	12	Feb 14, 2025	J-GAAP
YoY	-1.1%	-43.2%	-41.2%	-40.8%	-41.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	11,287	162	195	88	11.8	1.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	11,130	277	362	251	33.8	2.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	11,389	331	366	250	33.5	2.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	13,670	680	773	531	71.3	5.0	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	13,351	244	369	202	27.1	1.8	Feb 14, 2025	J-GAAP
YoY	+18.3%	+50.6%	+89.2%	+129.5%	+129.2%