NOVAC, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 3% Decrease

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Fri Mar 14, 2025 4:00 pm JST Earnings

5079 NOVAC CO.,LTD. 【J-GAAP】

Earnings Report

NOVAC CO.,LTD. <5079> [TSE Std] announced its financial results after the market closed on March 14th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending April 2025 (May 2024 to January 2025) significantly dropped 70.2% from the same period last year to 0.16 billion yen.

In addition, the full-year ordinary profit has decreased 57.3%, from the previous forecast of 1.5 billion yen to 0.64 billion yen (compared to 0.66 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 3.3% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the November to April period (2H) has decreased 62.8%, from the previous forecast of 1.36 billion yen to 0.5 billion yen (compared to 0.18 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 7.4 times to 2.7 times.

In the most recent three-month period, from November to January (3Q), the ordinary profit significantly dropped to 0.03 billion yen, a 53.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 0.8% in the same period last year to 0.6%.

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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
May - Jan, 2022	24,706	2,498	2,486	2,001	388.5	96.2	Mar 15, 2023	J-GAAP
May - Jan, 2023	25,309	540	541	330	64.1	81.7	Mar 15, 2024	J-GAAP
May - Jan, 2024	19,146	173	161	95	18.6	25.2	Mar 14, 2025	J-GAAP
YoY	-24.4%	-68.0%	-70.2%	-71.2%	-71.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov - Apr, 2024 Prev	19,004	1,412	1,369	922	179.0	60	Dec 13, 2024	J-GAAP
Nov - Apr, 2024 New	14,604	542	509	402	78.1	60	Mar 14, 2025	J-GAAP
Revision Rate	-23.2%	-61.6%	-62.8%	-56.4%	-56.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2025 Prev	32,000	1,550	1,500	1,000	194.2	120	Jun 14, 2024	J-GAAP
Apr, 2025 New	27,600	680	640	480	93.2	120	Mar 14, 2025	J-GAAP
Revision Rate	-13.8%	-56.1%	-57.3%	-52.0%	-52.0%

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	18,128	340	186	-40	-7.8	80	Jun 14, 2024	J-GAAP
Nov - Apr, 2024 Guidance	14,604	542	509	402	78.1	60	Mar 14, 2025	J-GAAP
YoY	-19.4%	+59.4%	+173.7%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023	31,948	2,607	2,585	2,054	398.9	120	Jun 14, 2023	J-GAAP
Apr, 2024	34,431	810	662	287	55.8	160	Jun 14, 2024	J-GAAP
Apr, 2025 Guidance	27,600	680	640	480	93.2	120	Mar 14, 2025	J-GAAP
YoY	-19.8%	-16.0%	-3.3%	+67.2%	+67.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Nov - Jan, 2023	9,006	70	65	3	0.6	0.8	Mar 15, 2024	J-GAAP
Feb - Apr, 2024	9,122	270	121	-43	-8.4	3.0	Jun 14, 2024	J-GAAP
May - Jul, 2024	7,022	78	75	47	9.3	1.1	Sep 13, 2024	J-GAAP
Aug - Oct, 2024	5,974	60	56	31	6.0	1.0	Dec 13, 2024	J-GAAP
Nov - Jan, 2024	6,150	35	30	17	3.3	0.6	Mar 14, 2025	J-GAAP
YoY	-31.7%	-50.0%	-53.8%	+466.7%	+474.1%