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NORITZ, First Half Ordinary Profit Increases by 5.5 times

Thu Aug 7, 2025 3:30 pm JST Earnings

5943 NORITZ CORPORATION 【J-GAAP】

Earnings Report

NORITZ CORPORATION <5943> [TSE Prime] announced its financial results after the market closed on August 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) surged 5.5 times that of the same period last year, reaching 2.23 billion yen, exceeded the previous forecast of 0.50 billion yen.

However, Progress toward the full-year plan of 3.90 billion yen was 57.3%, below the five-year average of 65.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to drop 47.5% from the same period last year to 1.66 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit/loss turned to a profit of 0.07 billion yen (compared to a loss of 0.38 billion yen in the same period last year). The operating profit/loss margin improved from -2.0% in the same period last year to -0.8%.

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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
Jan - Jun, 2023 99,752 1,276 1,383 1,061 23.0 111.1 Aug 9, 2023 J-GAAP
Jan - Jun, 2024 96,012 -127 410 -354 -7.7 11.5 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 98,523 1,658 2,236 1,204 26.2 57.3 Aug 7, 2025 J-GAAP
YoY +2.6% +445.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 96,500 50 500 280 6.2 35 Feb 13, 2025 J-GAAP
Jan - Jun, 2025 Results 98,523 1,658 2,236 1,204 26.2 35 Aug 7, 2025 J-GAAP
Revision Rate +2.1% +3,216.0% +347.2% +330.0% +325.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 106,192 2,522 3,169 4,737 102.6 36 Feb 13, 2025 J-GAAP
Jul - Dec, 2025 Guidance 106,477 1,342 1,664 1,196 26.4 36 Aug 7, 2025 J-GAAP
YoY +0.3% -46.8% -47.5% -74.8% -74.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 201,891 3,840 1,245 868 18.8 53 Feb 14, 2024 J-GAAP
Dec, 2024 202,204 2,395 3,579 4,383 94.9 69 Feb 13, 2025 J-GAAP
Dec, 2025 Guidance 205,000 3,000 3,900 2,400 53.0 71 Feb 13, 2025 J-GAAP
YoY +1.4% +25.3% +9.0% -45.2% -44.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 45,457 -896 -384 -641 -13.9 -2.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 45,181 -288 2 2,702 58.6 -0.6 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 61,011 2,810 3,167 2,035 44.1 4.6 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 52,860 2,007 2,165 1,432 31.0 3.8 May 13, 2025 J-GAAP
Apr - Jun, 2025 45,663 -349 71 -228 -5.0 -0.8 Aug 7, 2025 J-GAAP
YoY +0.5% +61.0% +64.4% +64.3%

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