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Nankai Tatsumura Construction Co., Ltd., First Half Ordinary Profit Increases by 4.7 times, July-September Ordinary Profit Increases by 3.0 times

Tue Oct 29, 2024 4:00 pm JST Earnings

1850 Nankai Tatsumura Construction Co., Ltd. 【J-GAAP】

Earnings Report

Nankai Tatsumura Construction Co., Ltd. <1850> [TSE-S] announced its financial results after the market closed on October 29th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 4.7 times that of the same period last year, reaching 644 million yen. However, The progress rate against the 2.05 billion yen full-year plan was 31.4%, almost the same as the five-year average of 29.7%.

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 October to March period (second half) is expected to decrease by 5.5% from the same period last year to 1.4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.0 times that of the same period last year, reaching 303 million yen. The operating profit margin improved from 1.0% in the same period last year to 2.5%.

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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 19,167 1,028 1,027 817 28.4 56.3 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 21,911 189 137 88 3.1 8.4 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 23,011 657 644 432 15.0 31.4 Oct 29, 2024 J-GAAP
YoY +5.0% +247.6% +370.1% +390.9% +385.1%

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 23,400 650 600 380 13.2 － Sep 27, 2024 J-GAAP
Apr - Sep, 2024 Results 23,011 657 644 432 15.0 － Oct 29, 2024 J-GAAP
Revision Rate -1.7% +1.1% +7.3% +13.7% +13.7%

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 21,715 1,497 1,488 1,012 35.1 4 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 28,089 1,443 1,406 988 34.3 4 Oct 29, 2024 J-GAAP
YoY +29.4% -3.6% -5.5% -2.4% -2.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 42,401 1,844 1,824 1,896 65.8 3 Apr 27, 2023 J-GAAP
Mar, 2024 43,626 1,686 1,625 1,100 38.2 4 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 51,100 2,100 2,050 1,420 49.3 4 Apr 26, 2024 J-GAAP
YoY +17.1% +24.6% +26.2% +29.1% +29.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,438 110 100 55 1.9 1.0 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 10,361 634 635 431 15.0 6.1 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 11,354 863 853 581 20.2 7.6 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 10,545 342 341 229 8.0 3.2 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 12,466 315 303 203 7.0 2.5 Oct 29, 2024 J-GAAP
YoY +9.0% +186.4% +203.0% +269.1% +264.8%

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