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Nakabohtec Corrosion Protecting Co.,Ltd., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Increases by 3.9 times

Tue Nov 5, 2024 3:00 pm JST Earnings

1787 Nakabohtec Corrosion Protecting Co.,Ltd. 【J-GAAP】

Earnings Report

Nakabohtec Corrosion Protecting Co.,Ltd. <1787> [TSE-S] announced its financial results in the afternoon session on November 5th (15:00). The ordinary profit/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 56 million yen (compared to a loss of 55 million yen in the same period last year). The progress rate against the 1.01 billion yen full-year plan was 5.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 23.7% from the same period last year to 960 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit surged to 3.9 times that of the same period last year, reaching 386 million yen. The operating profit margin drastically improved from 3.0% in the same period last year to 10.5%.

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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
Apr - Sep, 2022 5,034 -214 -198 -151 -61.4 ー Nov 7, 2022 J-GAAP
Apr - Sep, 2023 4,933 -71 -55 -48 -19.6 ー Nov 6, 2023 J-GAAP
Apr - Sep, 2024 5,207 30 56 30 12.4 5.5 Nov 5, 2024 J-GAAP
YoY +5.6% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 0 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 5,207 30 56 30 12.4 0 Nov 5, 2024 J-GAAP
Revision Rate － － － － －

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 8,847 1,247 1,259 882 358.6 240 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,413 956 960 681 276.8 200 Nov 5, 2024 J-GAAP
YoY -4.9% -23.3% -23.7% -22.8% -22.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,158 1,246 1,273 899 365.0 255 May 11, 2023 J-GAAP
Mar, 2024 13,780 1,176 1,204 834 339.1 240 May 8, 2024 J-GAAP
Mar, 2025 Guidance 13,620 986 1,016 711 289.0 200 May 8, 2024 J-GAAP
YoY -1.2% -16.2% -15.6% -14.7% -14.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,977 90 99 64 26.1 3.0 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 3,368 529 536 370 150.5 15.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 5,479 718 723 512 208.2 13.1 May 8, 2024 J-GAAP
Apr - Jun, 2024 1,669 -342 -330 -236 -96.3 -20.5 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 3,538 372 386 266 109.8 10.5 Nov 5, 2024 J-GAAP
YoY +18.8% +313.3% +289.9% +315.6% +320.4%

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