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NIHONWASOU HOLDINGS,INC., July-September (3Q) Ordinary Profit Increases by 94%, Current Fiscal Year Dividend Revised Upward by 1 yen

Wed Nov 13, 2024 3:30 pm JST Earnings

2499 NIHONWASOU HOLDINGS,INC. 【J-GAAP】

Earnings Report

NIHONWASOU HOLDINGS,INC. <2499> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 264 million yen, an increase of 32.0% compared to the same period last year. The progress rate against the 382 million yen full-year plan was 69.1%, exceeding the five-year average of 65.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 22.4% from the same period last year to 118 million yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 13 yen to 14 yen (compared to 14 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 93.5% from the same period last year, reaching 180 million yen. The operating profit margin drastically improved from 9.9% in the same period last year to 15.7%.

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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
Jan - Sep, 2022 3,544 296 288 156 17.3 73.5 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 3,325 236 200 100 11.1 56.8 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 3,427 295 264 159 17.6 69.1 Nov 13, 2024 J-GAAP
YoY +3.1% +25.0% +32.0% +59.0% +58.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 2,431 321 298 189 20.9 7 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 New 2,431 321 298 189 20.9 8 Nov 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 4,650 426 382 237 26.1 13 Feb 14, 2024 J-GAAP
Dec, 2024 New 4,650 426 382 237 26.1 14 Nov 13, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 2,295 268 245 97 10.8 8 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,431 321 298 189 20.9 8 Nov 13, 2024 J-GAAP
YoY +5.9% +19.8% +21.6% +94.8% +94.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 4,770 419 392 236 26.1 13 Feb 14, 2023 J-GAAP
Dec, 2023 4,504 393 352 172 19.1 14 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 4,650 426 382 237 26.1 14 Nov 13, 2024 J-GAAP
YoY +3.2% +8.4% +8.5% +37.8% +37.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,116 111 93 25 2.8 9.9 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,179 157 152 72 8.0 13.3 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 989 -54 -62 -43 -4.8 -5.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,230 159 146 91 10.2 12.9 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,208 190 180 111 12.3 15.7 Nov 13, 2024 J-GAAP
YoY +8.2% +71.2% +93.5% +344.0% +342.8%

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