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NATORI CO., LTD., First Half Ordinary Profit Increases by 22%

Wed Nov 6, 2024 3:00 pm JST Earnings

2922 NATORI CO., LTD. 【J-GAAP】

Earnings Report

NATORI CO., LTD. <2922> [TSE-P] announced its financial results in the afternoon session on November 6th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 22.1% from the same period last year, reaching 1 billion yen. However, The progress rate against the 2.17 billion yen full-year plan was 46.4%, also falling below the five-year average of 49.6%.

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 13.0% from the same period last year to 1.16 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 9.3% from the same period last year, reaching 468 million yen. However, the operating profit margin remained almost flat, changing from 4.0% in the same period last year to 3.8%.

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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 21,482 439 412 266 21.2 63.4 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 22,745 850 824 539 42.9 38.1 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 23,949 968 1,006 685 54.5 46.4 Nov 6, 2024 J-GAAP
YoY +5.3% +13.9% +22.1% +27.1% +27.2%

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 － 12 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 23,949 968 1,006 685 54.5 12 Nov 6, 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 24,833 1,275 1,338 861 68.4 12 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,301 1,162 1,164 795 63.2 12 Nov 6, 2024 J-GAAP
YoY -2.1% -8.9% -13.0% -7.7% -7.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,093 622 650 407 32.4 22 May 12, 2023 J-GAAP
Mar, 2024 47,578 2,125 2,162 1,400 111.3 23 May 10, 2024 J-GAAP
Mar, 2025 Guidance 48,250 2,130 2,170 1,480 117.6 24 May 10, 2024 J-GAAP
YoY +1.4% +0.2% +0.4% +5.7% +5.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,375 451 428 279 22.2 4.0 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 14,064 1,372 1,399 1,336 106.2 9.8 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 10,769 -97 -61 -475 -37.8 -0.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 11,753 501 538 366 29.1 4.3 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 12,196 467 468 319 25.4 3.8 Nov 6, 2024 J-GAAP
YoY +7.2% +3.5% +9.3% +14.3% +14.4%

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