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Nomura System Corporation Co, Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 26%, Exceeds Full-Year Plan

Wed Nov 13, 2024 2:30 pm JST Earnings

3940 Nomura System Corporation Co, Ltd. 【J-GAAP】

Earnings Report

Nomura System Corporation Co, Ltd. <3940> [TSE-S] announced its financial results in the afternoon session on November 13th (14:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 25.6% from the same period last year, reaching 398 million yen. The progress rate against the full-year plan of 324 million yen is 122.8%, already exceeding the target and also exceeding the five-year average of 73.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 74 million yen (compared to a profit of 149 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the ordinary profit grew by 20.5% from the same period last year, reaching 147 million yen. The operating profit margin rose from 16.1% in the same period last year to 17.3%.

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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 2,005 254 272 188 4.1 73.3 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 2,146 315 317 236 5.1 68.0 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 2,434 398 398 273 6.0 122.8 Nov 13, 2024 J-GAAP
YoY +13.4% +26.3% +25.6% +15.7% +16.2%

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 1,547 269 271 208 4.5 3.25 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 1,625 74 73 49 1.1 3.25 Aug 14, 2024 J-GAAP
YoY +5.0% -72.5% -73.1% -76.4% -76.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 2,696 352 371 256 5.5 3.25 Feb 14, 2023 J-GAAP
Dec, 2023 2,946 464 466 360 7.8 3.25 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 3,203 324 324 221 4.8 3.25 Feb 14, 2024 J-GAAP
YoY +8.7% -30.2% -30.5% -38.6% -39.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 747 120 122 84 1.8 16.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 800 149 149 124 2.7 18.6 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 793 150 150 103 2.2 18.9 May 15, 2024 J-GAAP
Apr - Jun, 2024 785 100 101 69 1.5 12.7 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 856 148 147 101 2.2 17.3 Nov 13, 2024 J-GAAP
YoY +14.6% +23.3% +20.5% +20.2% +20.2%

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