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NIPPON KODOSHI CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 11%

Thu Oct 31, 2024 3:30 pm JST Earnings

3891 NIPPON KODOSHI CORPORATION 【J-GAAP】

Earnings Report

NIPPON KODOSHI CORPORATION <3891> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.2% from the same period last year, reaching 1.64 billion yen, resulting in an increase in profits compared to the previous forecast of a 14.6% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 11.1%, from the previous forecast of 2.7 billion yen to 3 billion yen (compared to 2.02 billion yen in the previous period), increasing the growth rate from 33.6% to 48.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 2.7 times that of the same period last year, reaching 1.35 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 13.0% from the same period last year, reaching 749 million yen. The operating profit margin jumped from 14.9% in the same period last year to 22.1%.

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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 8,992 1,929 2,314 1,608 149.4 65.5 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 7,791 1,267 1,523 1,099 103.2 75.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 8,214 1,725 1,648 1,183 111.3 54.9 Oct 31, 2024 J-GAAP
YoY +5.4% +36.1% +8.2% +7.6% +7.9%

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 7,600 1,300 1,300 900 84.6 25 Apr 24, 2024 J-GAAP
Apr - Sep, 2024 Results 8,214 1,725 1,648 1,183 111.3 25 Oct 31, 2024 J-GAAP
Revision Rate +8.1% +32.7% +26.8% +31.4% +31.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 16,000 2,700 2,700 1,900 180.4 50 Apr 24, 2024 J-GAAP
Mar, 2025 New 16,500 3,000 3,000 2,100 199.3 50 Oct 31, 2024 J-GAAP
Revision Rate +3.1% +11.1% +11.1% +10.5% +10.5%

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 7,037 452 498 380 35.7 25 Apr 24, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,286 1,275 1,352 917 87.1 25 Oct 31, 2024 J-GAAP
YoY +17.7% +182.1% +171.5% +141.3% +143.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,586 3,327 3,532 2,468 229.2 50 Apr 27, 2023 J-GAAP
Mar, 2024 14,828 1,719 2,021 1,479 139.0 50 Apr 24, 2024 J-GAAP
Mar, 2025 Guidance 16,500 3,000 3,000 2,100 199.3 50 Oct 31, 2024 J-GAAP
YoY +11.3% +74.5% +48.4% +42.0% +43.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,795 567 663 502 47.1 14.9 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 3,478 360 323 250 23.5 10.4 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 3,559 92 175 130 12.2 2.6 Apr 24, 2024 J-GAAP
Apr - Jun, 2024 3,898 773 899 657 61.9 19.8 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 4,316 952 749 526 49.5 22.1 Oct 31, 2024 J-GAAP
YoY +13.7% +67.9% +13.0% +4.8% +5.0%

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