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NEOJAPAN Inc., First Half Ordinary Profit Increases by 38%, 2Q (May-July) Ordinary Profit Increases by 74%

Wed Sep 11, 2024 3:00 pm JST Earnings

3921 NEOJAPAN Inc. 【J-GAAP】

Earnings Report

NEOJAPAN Inc. <3921> [TSE-P] announced its financial results after the market closed on September 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) expanded to 896 million yen, an increase of 38.5% compared to the same period last year. This progress accounts for 55.3% of the full-year plan of 1.61 billion yen, almost the same as the five-year average of 52.5%.

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 August to January period (second half) is expected to nearly flat of 0.7% from the same period last year to 723 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit increased by 74.0% from the same period last year, reaching 428 million yen. The operating profit margin jumped from 13.2% in the same period last year to 24.5%.

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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
Feb - Jul, 2022 2,936 610 687 463 31.1 51.5 Sep 14, 2022 J-GAAP
Feb - Jul, 2023 3,224 602 647 481 32.4 47.1 Sep 13, 2023 J-GAAP
Feb - Jul, 2024 3,366 847 896 602 42.5 55.3 Sep 11, 2024 J-GAAP
YoY +4.4% +40.7% +38.5% +25.2% +31.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance ー ー ー ー － 14 Jun 14, 2024 J-GAAP
Feb - Jul, 2024 Results 3,366 847 896 602 42.5 14 Sep 11, 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
Aug - Jan, 2023 3,391 694 728 475 32.0 23 Mar 13, 2024 J-GAAP
Aug - Jan, 2024 Guidance 3,671 758 723 496 35.5 14 Sep 11, 2024 J-GAAP
YoY +8.3% +9.2% -0.7% +4.4% +10.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 6,007 1,241 1,335 812 54.5 20 Mar 13, 2023 J-GAAP
Jan, 2024 6,615 1,296 1,375 956 64.4 23 Mar 13, 2024 J-GAAP
Jan, 2025 Guidance 7,037 1,605 1,619 1,098 78.5 28 Jun 14, 2024 J-GAAP
YoY +6.4% +23.8% +17.7% +14.9% +21.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 1,579 209 246 212 14.3 13.2 Sep 13, 2023 J-GAAP
Aug - Oct, 2023 1,732 481 503 345 23.3 27.8 Dec 13, 2023 J-GAAP
Nov - Jan, 2023 1,659 213 225 130 8.8 12.8 Mar 13, 2024 J-GAAP
Feb - Apr, 2024 1,687 436 468 315 22.0 25.8 Jun 14, 2024 J-GAAP
May - Jul, 2024 1,679 411 428 287 20.3 24.5 Sep 11, 2024 J-GAAP
YoY +6.3% +96.7% +74.0% +35.4% +41.8%

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