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Nippon RAD Inc., July-September (2Q) Ordinary Profit Increases by 44%

Mon Nov 11, 2024 4:30 pm JST Earnings

4736 Nippon RAD Inc. 【J-GAAP】

Earnings Report

Nippon RAD Inc. <4736> [TSE-S] announced its financial results after the market closed on November 11th (16:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 180 million yen, a 2.9% increase compared to the same period last year. The progress rate against the 200 million yen full-year plan was 90.0%, also surpassing the progress rate of 54.5% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to significant drop by 86.3% from the same period last year to 20 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 44.2% from the same period last year, reaching 62 million yen. The operating profit margin improved from 4.7% in the same period last year to 6.1%.

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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 1,584 -22 29 13 2.5 20.7 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 1,830 122 175 147 28.4 54.5 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 1,941 114 180 125 23.8 90.0 Nov 11, 2024 J-GAAP
YoY +6.1% -6.6% +2.9% -15.0% -16.1%

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 ー ー ー ー － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 1,941 114 180 125 23.8 0 Nov 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
Oct - Mar, 2023 2,154 144 146 180 34.7 5 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,922 36 20 192 36.3 10 Nov 11, 2024 J-GAAP
YoY -10.8% -75.0% -86.3% +6.7% +4.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,555 86 140 140 26.7 5 May 15, 2023 J-GAAP
Mar, 2024 3,984 266 321 327 63.0 10 May 13, 2024 J-GAAP
Mar, 2025 Guidance 3,863 150 200 317 60.0 10 May 13, 2024 J-GAAP
YoY -3.0% -43.6% -37.7% -3.1% -4.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 893 42 43 38 7.3 4.7 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 1,060 62 63 53 10.2 5.8 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 1,094 82 83 127 24.5 7.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 943 53 118 78 15.0 5.6 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 998 61 62 47 9.0 6.1 Nov 11, 2024 J-GAAP
YoY +11.8% +45.2% +44.2% +23.7% +22.1%

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