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NOVAC, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 3% Decrease

Fri Mar 14, 2025 4:00 pm JST Earnings

5079 NOVAC CO.,LTD. 【J-GAAP】

Earnings Report

NOVAC CO.,LTD. <5079> [TSE Std] announced its financial results after the market closed on March 14th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending April 2025 (May 2024 to January 2025) significantly dropped 70.2% from the same period last year to 0.16 billion yen.

In addition, the full-year ordinary profit has decreased 57.3%, from the previous forecast of 1.5 billion yen to 0.64 billion yen (compared to 0.66 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 3.3% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the November to April period (2H) has decreased 62.8%, from the previous forecast of 1.36 billion yen to 0.5 billion yen (compared to 0.18 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 7.4 times to 2.7 times.

In the most recent three-month period, from November to January (3Q), the ordinary profit significantly dropped to 0.03 billion yen, a 53.8% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 0.8% in the same period last year to 0.6%.

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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
May - Jan, 2022 24,706 2,498 2,486 2,001 388.5 96.2 Mar 15, 2023 J-GAAP
May - Jan, 2023 25,309 540 541 330 64.1 81.7 Mar 15, 2024 J-GAAP
May - Jan, 2024 19,146 173 161 95 18.6 25.2 Mar 14, 2025 J-GAAP
YoY -24.4% -68.0% -70.2% -71.2% -71.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2024 Prev 19,004 1,412 1,369 922 179.0 60 Dec 13, 2024 J-GAAP
Nov - Apr, 2024 New 14,604 542 509 402 78.1 60 Mar 14, 2025 J-GAAP
Revision Rate -23.2% -61.6% -62.8% -56.4% -56.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2025 Prev 32,000 1,550 1,500 1,000 194.2 120 Jun 14, 2024 J-GAAP
Apr, 2025 New 27,600 680 640 480 93.2 120 Mar 14, 2025 J-GAAP
Revision Rate -13.8% -56.1% -57.3% -52.0% -52.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2023 18,128 340 186 -40 -7.8 80 Jun 14, 2024 J-GAAP
Nov - Apr, 2024 Guidance 14,604 542 509 402 78.1 60 Mar 14, 2025 J-GAAP
YoY -19.4% +59.4% +173.7% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2023 31,948 2,607 2,585 2,054 398.9 120 Jun 14, 2023 J-GAAP
Apr, 2024 34,431 810 662 287 55.8 160 Jun 14, 2024 J-GAAP
Apr, 2025 Guidance 27,600 680 640 480 93.2 120 Mar 14, 2025 J-GAAP
YoY -19.8% -16.0% -3.3% +67.2% +67.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2023 9,006 70 65 3 0.6 0.8 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 9,122 270 121 -43 -8.4 3.0 Jun 14, 2024 J-GAAP
May - Jul, 2024 7,022 78 75 47 9.3 1.1 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 5,974 60 56 31 6.0 1.0 Dec 13, 2024 J-GAAP
Nov - Jan, 2024 6,150 35 30 17 3.3 0.6 Mar 14, 2025 J-GAAP
YoY -31.7% -50.0% -53.8% +466.7% +474.1%

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