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NIPPON PARKING DEVELOPMENT, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 4%, Raises Record High Profit Forecast

Fri Jun 6, 2025 3:30 pm JST Earnings

2353 NIPPON PARKING DEVELOPMENT Co.,Ltd. 【J-GAAP】

Earnings Report

NIPPON PARKING DEVELOPMENT Co.,Ltd. <2353> [TSE Prime] announced its financial results after the market closed on June 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending July 2025 (August 2024 to April 2025) increased 21.7% from the same period last year, reaching 6.62 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 4.2%, from the previous forecast of 7.20 billion yen to 7.50 billion yen (compared to 6.51 billion yen in the previous period), increasing the growth rate from 10.6% to 15.2%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the February to July period (second half) is expected to increase 10.1%, from the previous forecast of 2.96 billion yen to 3.26 billion yen (compared to 3.25 billion yen in the same period of the previous year), turning to a 0.2% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from February to April (3Q), the consolidated ordinary profit grew 9.0% from the same period last year, reaching 2.38 billion yen. The operating profit margin rose from 23.0% in the same period last year to 24.7%.

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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
Aug - Apr, 2022 25,080 5,342 5,347 3,553 11.1 86.0 Jun 9, 2023 J-GAAP
Aug - Apr, 2023 25,098 5,378 5,442 3,495 11.0 83.6 Jun 7, 2024 J-GAAP
Aug - Apr, 2024 28,441 6,647 6,621 3,770 11.8 88.3 Jun 6, 2025 J-GAAP
YoY +13.3% +23.6% +21.7% +7.9% +7.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2025 Prev 18,237 3,033 2,963 2,129 6.7 8 Mar 7, 2025 J-GAAP
Feb - Jul, 2025 New 18,237 3,333 3,263 2,229 7.0 8 Jun 6, 2025 J-GAAP
Revision Rate 0.0% +9.9% +10.1% +4.7% +4.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2025 Prev 36,650 7,200 7,200 4,700 14.7 8 Mar 7, 2025 J-GAAP
Jul, 2025 New 36,650 7,500 7,500 4,800 15.0 8 Jun 6, 2025 J-GAAP
Revision Rate 0.0% +4.2% +4.2% +2.1% +2.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 16,738 3,185 3,256 2,797 8.8 5.50 Sep 6, 2024 J-GAAP
Feb - Jul, 2025 Guidance 18,237 3,333 3,263 2,229 7.0 8 Jun 6, 2025 J-GAAP
YoY +9.0% +4.6% +0.2% -20.3% -21.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 31,855 6,201 6,221 4,408 13.8 5.25 Sep 8, 2023 J-GAAP
Jul, 2024 32,693 6,461 6,511 5,104 16.1 5.50 Sep 6, 2024 J-GAAP
Jul, 2025 Guidance 36,650 7,500 7,500 4,800 15.0 8 Jun 6, 2025 J-GAAP
YoY +12.1% +16.1% +15.2% -6.0% -6.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Feb - Apr, 2024 9,143 2,102 2,187 1,188 3.8 23.0 Jun 7, 2024 J-GAAP
May - Jul, 2024 7,595 1,083 1,069 1,609 5.1 14.3 Sep 6, 2024 J-GAAP
Aug - Oct, 2024 8,776 1,963 1,971 1,384 4.4 22.4 Dec 6, 2024 J-GAAP
Nov - Jan, 2024 9,637 2,204 2,266 1,187 3.7 22.9 Mar 7, 2025 J-GAAP
Feb - Apr, 2025 10,028 2,480 2,384 1,199 3.8 24.7 Jun 6, 2025 J-GAAP
YoY +9.7% +18.0% +9.0% +0.9% +0.3%

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