NIPPON PARKING DEVELOPMENT, The Current Fiscal Year Ordinary Profit Revised Upward by 3%, Raises Record High Profit Forecast, Dividend Revised Upward by 1 yen

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Fri Mar 7, 2025 3:30 pm JST Earnings

2353 NIPPON PARKING DEVELOPMENT Co.,Ltd. 【J-GAAP】

Earnings Report

NIPPON PARKING DEVELOPMENT Co.,Ltd. <2353> [TSE Prime] announced its financial results after the market closed on March 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending July 2025 (August 2024 to January 2025) expanded 4.23 billion yen, an increase 30.2% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 2.9%, from the previous forecast of 7 billion yen to 7.2 billion yen (compared to 6.51 billion yen in the previous period), increasing the growth rate from 7.5% to 10.6%, further surpassing the previous forecast of record-high profits for four consecutive terms.

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 February to July period (2H) is expected to decrease 9.0% from the same period last year to 2.96 billion yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 7 yen to 8 yen (compared to 5.5 yen in the previous period).

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit increased 45.0% from the same period last year, reaching 2.26 billion yen. The operating profit margin rose from 19.2% in the same period last year to 22.9%.

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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
Aug - Jan, 2022	16,697	3,553	3,545	2,554	8.0	57.0	Mar 3, 2023	J-GAAP
Aug - Jan, 2023	15,955	3,276	3,255	2,307	7.3	50.0	Mar 8, 2024	J-GAAP
Aug - Jan, 2024	18,413	4,167	4,237	2,571	8.1	58.8	Mar 7, 2025	J-GAAP
YoY	+15.4%	+27.2%	+30.2%	+11.4%	+10.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2024 Guidance	18,500	3,700	3,700	2,500	7.8	0	Sep 6, 2024	J-GAAP
Aug - Jan, 2024 Results	18,413	4,167	4,237	2,571	8.1	0	Mar 7, 2025	J-GAAP
Revision Rate	-0.5%	+12.6%	+14.5%	+2.8%	+3.1%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2025 Prev	36,400	7,000	7,000	4,700	14.7	7	Sep 6, 2024	J-GAAP
Jul, 2025 New	36,650	7,200	7,200	4,700	14.7	8	Mar 7, 2025	J-GAAP
Revision Rate	+0.7%	+2.9%	+2.9%	0.0%	0.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024	16,738	3,185	3,256	2,797	8.8	5.50	Sep 6, 2024	J-GAAP
Feb - Jul, 2025 Guidance	18,237	3,033	2,963	2,129	6.7	8	Mar 7, 2025	J-GAAP
YoY	+9.0%	-4.8%	-9.0%	-23.9%	-24.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2023	31,855	6,201	6,221	4,408	13.8	5.25	Sep 8, 2023	J-GAAP
Jul, 2024	32,693	6,461	6,511	5,104	16.1	5.50	Sep 6, 2024	J-GAAP
Jul, 2025 Guidance	36,650	7,200	7,200	4,700	14.7	8	Mar 7, 2025	J-GAAP
YoY	+12.1%	+11.4%	+10.6%	-7.9%	-8.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Nov - Jan, 2023	8,264	1,590	1,563	918	2.9	19.2	Mar 8, 2024	J-GAAP
Feb - Apr, 2024	9,143	2,102	2,187	1,188	3.8	23.0	Jun 7, 2024	J-GAAP
May - Jul, 2024	7,595	1,083	1,069	1,609	5.1	14.3	Sep 6, 2024	J-GAAP
Aug - Oct, 2024	8,776	1,963	1,971	1,384	4.4	22.4	Dec 6, 2024	J-GAAP
Nov - Jan, 2024	9,637	2,204	2,266	1,187	3.7	22.9	Mar 7, 2025	J-GAAP
YoY	+16.6%	+38.6%	+45.0%	+29.3%	+28.6%