NAKANO, The Current Fiscal Year Ordinary Profit Revised Upward by 13%

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Thu Feb 13, 2025 2:30 pm JST Earnings

1827 NAKANO CORPORATION 【J-GAAP】

Earnings Report

NAKANO CORPORATION <1827> [TSE Std] announced its financial results in the afternoon session on February 13th (14:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 18.7% from the same period last year, reaching 3.34 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 12.9%, from the previous forecast of 3.1 billion yen to 3.5 billion yen (compared to 3.83 billion yen in the previous period), and the declining rate is expected to decrease from 19.2% to 8.7%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 33.8%, from the previous forecast of 1.18 billion yen to 1.58 billion yen (compared to 2.74 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 57.0% to 42.4%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.43 billion yen, a 17.4% decrease compared to the same period last year. The operating profit margin worsened from 5.9% in the same period last year to 4.1%.

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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
Apr - Dec, 2022	86,655	2,486	2,685	1,888	55.0	85.7	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	79,623	2,377	2,822	1,759	51.2	73.6	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	81,582	2,922	3,349	2,520	73.4	95.7	Feb 13, 2025	J-GAAP
YoY	+2.5%	+22.9%	+18.7%	+43.3%	+43.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	56,321	915	1,182	572	16.7	16	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	56,321	1,315	1,582	1,172	34.1	16	Feb 13, 2025	J-GAAP
Revision Rate	0.0%	+43.7%	+33.8%	+104.9%	+104.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	110,000	2,700	3,100	2,000	58.2	16	May 14, 2024	J-GAAP
Mar, 2025 New	110,000	3,100	3,500	2,600	75.7	16	Feb 13, 2025	J-GAAP
Revision Rate	0.0%	+14.8%	+12.9%	+30.0%	+30.0%

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	56,173	2,474	2,746	2,260	65.8	16	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	56,321	1,315	1,582	1,172	34.1	16	Feb 13, 2025	J-GAAP
YoY	+0.3%	-46.8%	-42.4%	-48.1%	-48.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	114,459	2,859	3,134	1,914	55.7	13	May 15, 2023	J-GAAP
Mar, 2024	107,415	3,185	3,835	2,645	77.0	16	May 14, 2024	J-GAAP
Mar, 2025 Guidance	110,000	3,100	3,500	2,600	75.7	16	Feb 13, 2025	J-GAAP
YoY	+2.4%	-2.7%	-8.7%	-1.7%	-1.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	28,381	1,666	1,733	1,374	40.0	5.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	27,792	808	1,013	886	25.8	2.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	25,954	652	887	559	16.3	2.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	27,725	1,133	1,031	869	25.3	4.1	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	27,903	1,137	1,431	1,092	31.8	4.1	Feb 13, 2025	J-GAAP
YoY	-1.7%	-31.8%	-17.4%	-20.5%	-20.5%