NITTOKU, The Current Fiscal Year Ordinary Profit Revised Downward by 25%

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Fri Feb 14, 2025 4:00 pm JST Earnings

6145 NITTOKU CO., LTD. 【J-GAAP】

Earnings Report

NITTOKU CO., LTD. <6145> [TSE Std] announced its financial results after the market closed on February 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 70.8% from the same period last year to 0.61 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 25.5%, from the previous forecast of 2.55 billion yen to 1.9 billion yen (compared to 4.28 billion yen in the previous period), leading to an increase in the profit decline rate from 40.4% to 55.6%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 25.9%, from the previous forecast of 2.5 billion yen to 1.85 billion yen (compared to 2.56 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 2.4% to 27.7%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 42.3% from the same period last year, reaching 0.57 billion yen. The operating profit margin improved from 5.3% in the same period last year to 6.4%.

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	21,436	1,974	2,101	1,441	79.8	67.4	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	19,338	1,991	2,115	1,349	74.7	49.4	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	21,551	506	618	822	45.9	32.5	Feb 14, 2025	J-GAAP
YoY	+11.4%	-74.6%	-70.8%	-39.1%	-38.6%

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	19,756	2,511	2,507	1,559	92.4	21	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	19,756	1,861	1,857	1,159	68.7	21	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	-25.9%	-25.9%	-25.7%	-25.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	34,000	2,550	2,550	1,900	112.6	42	Aug 9, 2024	J-GAAP
Mar, 2025 New	34,000	1,900	1,900	1,500	88.9	42	Feb 14, 2025	J-GAAP
Revision Rate	0.0%	-25.5%	-25.5%	-21.1%	-21.1%

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	17,641	2,502	2,569	1,641	90.9	17	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	19,756	1,861	1,857	1,159	68.7	21	Feb 14, 2025	J-GAAP
YoY	+12.0%	-25.6%	-27.7%	-29.4%	-24.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	29,461	3,096	3,119	2,224	123.1	30	May 12, 2023	J-GAAP
Mar, 2024	30,803	4,164	4,280	2,744	151.9	34	May 10, 2024	J-GAAP
Mar, 2025 Guidance	34,000	1,900	1,900	1,500	88.9	42	Feb 14, 2025	J-GAAP
YoY	+10.4%	-54.4%	-55.6%	-45.3%	-41.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	6,176	329	404	246	13.6	5.3	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	11,465	2,173	2,165	1,395	77.2	19.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	4,319	-611	-484	-345	-19.2	-14.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	9,925	650	527	686	38.0	6.5	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	7,307	467	575	481	26.8	6.4	Feb 14, 2025	J-GAAP
YoY	+18.3%	+41.9%	+42.3%	+95.5%	+97.0%