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NADEX, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 39% Decrease

Fri Feb 14, 2025 4:40 pm JST Earnings

7435 NADEX CO., LTD. 【J-GAAP】

Earnings Report

NADEX CO., LTD. <7435> [TSE Std] announced its financial results after the market closed on February 14th (16:40). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending April 2025 (May to October) turned into a loss of 0.02 billion yen (compared to a profit of 0.47 billion yen in the same period last year), reversing from the forecast of a 0.25 billion yen to a loss.

In addition, the full-year consolidated ordinary profit has decreased 47.9%, from the previous forecast of 1.42 billion yen to 0.74 billion yen (compared to 1.21 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 39.1% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the November to April period (2H) is expected to grow 3.1% from the same period last year, reaching 0.76 billion yen.

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit dropped to 0.09 billion yen, a 49.5% decrease compared to the same period last year. The operating profit margin worsened from 2.0% in the same period last year to 0.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
May - Oct, 2022 18,050 1,028 1,118 622 67.2 54.9 Dec 7, 2022 J-GAAP
May - Oct, 2023 16,110 346 471 311 33.8 38.8 Dec 7, 2023 J-GAAP
May - Oct, 2024 16,537 -96 -27 -391 -46.2 ー Feb 14, 2025 J-GAAP
YoY +2.7% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 Guidance 16,430 140 250 140 16.5 11 Jun 11, 2024 J-GAAP
May - Oct, 2024 Results 16,537 -96 -27 -391 -46.2 11 Feb 14, 2025 J-GAAP
Revision Rate +0.7% － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2025 Prev 37,690 1,240 1,420 940 112.5 33 Jun 11, 2024 J-GAAP
Apr, 2025 New 37,300 650 740 150 18.0 33 Feb 14, 2025 J-GAAP
Revision Rate -1.0% -47.6% -47.9% -84.0% -84.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2023 18,278 615 744 502 55.7 24 Jun 11, 2024 J-GAAP
Nov - Apr, 2024 Guidance 20,763 746 767 541 64.7 22 Feb 14, 2025 J-GAAP
YoY +13.6% +21.3% +3.1% +7.8% +16.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2023 36,162 1,956 2,036 1,314 141.1 43 Jun 9, 2023 J-GAAP
Apr, 2024 34,388 961 1,215 813 90.2 35 Jun 11, 2024 J-GAAP
Apr, 2025 Guidance 37,300 650 740 150 18.0 33 Feb 14, 2025 J-GAAP
YoY +8.5% -32.4% -39.1% -81.5% -80.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 7,960 161 196 75 8.2 2.0 Dec 7, 2023 J-GAAP
Nov - Jan, 2023 7,203 -38 41 -10 -1.3 -0.5 Mar 7, 2024 J-GAAP
Feb - Apr, 2024 11,075 653 703 512 56.8 5.9 Jun 11, 2024 J-GAAP
May - Jul, 2024 7,142 -161 -129 -169 -19.8 -2.3 Sep 5, 2024 J-GAAP
Aug - Oct, 2024 9,395 65 102 -222 -26.2 0.7 Feb 14, 2025 J-GAAP
YoY +18.0% -59.6% -48.0% － －

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