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Naigai Tec Corporation, First Half Ordinary Profit Decreases by 21%

Wed Nov 13, 2024 3:45 pm JST Earnings

3374 Naigai Tec Corporation 【J-GAAP】

Earnings Report

Naigai Tec Corporation <3374> [TSE-S] announced its financial results after the market closed on November 13th (15:45). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 20.5% from the same period last year to 403 million yen. The progress rate against the 1.52 billion yen full-year plan was 26.5%, also falling below the five-year average of 41.4%.

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 expand by 63.8% from the same period last year, reaching 1.11 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 44.9% from the same period last year, reaching 200 million yen. The operating profit margin improved from 1.6% in the same period last year to 2.6%.

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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 23,243 1,378 1,374 918 263.2 58.8 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 20,478 521 507 324 92.8 42.6 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 16,161 423 403 252 72.3 26.5 Nov 13, 2024 J-GAAP
YoY -21.1% -18.8% -20.5% -22.2% -22.1%

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 18,130 390 380 234 66.9 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 16,161 423 403 252 72.3 0 Nov 13, 2024 J-GAAP
Revision Rate -10.9% +8.5% +6.1% +7.7% +8.1%

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 18,535 697 682 524 150.0 93 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 27,639 1,117 1,117 778 222.4 99 Nov 13, 2024 J-GAAP
YoY +49.1% +60.3% +63.8% +48.5% +48.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,281 2,349 2,336 1,638 469.4 118 May 12, 2023 J-GAAP
Mar, 2024 39,013 1,218 1,189 848 242.7 93 May 15, 2024 J-GAAP
Mar, 2025 Guidance 43,800 1,540 1,520 1,030 294.4 99 May 15, 2024 J-GAAP
YoY +12.3% +26.4% +27.8% +21.5% +21.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,579 150 138 94 26.9 1.6 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 9,824 292 288 190 54.4 3.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 8,711 405 394 334 95.6 4.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 8,115 210 203 88 25.2 2.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 8,046 213 200 164 47.0 2.6 Nov 13, 2024 J-GAAP
YoY -16.0% +42.0% +44.9% +74.5% +74.6%

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