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NAKANISHI MFG.CO.,LTD., First Half Ordinary Profit Increases by 9%, July-September Ordinary Profit Increases by 20%

Fri Nov 8, 2024 4:30 pm JST Earnings

5941 NAKANISHI MFG.CO.,LTD. 【J-GAAP】

Earnings Report

NAKANISHI MFG.CO.,LTD. <5941> [TSE-S] announced its financial results after the market closed on November 8th (16:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 9.2% from the same period last year, reaching 723 million yen. However, The progress rate against the 1.93 billion yen full-year plan was 37.5%, almost the same as the five-year average of 35.6%.

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 decrease by 15.2% from the same period last year to 1.2 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 19.8% from the same period last year, reaching 1.22 billion yen. The operating profit margin improved from 9.5% in the same period last year to 10.6%.

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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 13,880 399 479 347 55.1 40.2 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 16,285 601 662 399 63.3 31.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 16,670 636 723 457 72.8 37.5 Nov 8, 2024 J-GAAP
YoY +2.4% +5.8% +9.2% +14.5% +14.9%

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 17,000 700 760 450 71.6 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 16,670 636 723 457 72.8 0 Nov 8, 2024 J-GAAP
Revision Rate -1.9% -9.1% -4.9% +1.6% +1.6%

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 20,317 1,365 1,424 1,120 178.0 73 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,330 1,174 1,207 920 146.9 66 Nov 8, 2024 J-GAAP
YoY +0.1% -14.0% -15.2% -17.9% -17.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 30,668 1,072 1,193 803 127.4 32 May 12, 2023 J-GAAP
Mar, 2024 36,602 1,966 2,086 1,519 241.4 73 May 10, 2024 J-GAAP
Mar, 2025 Guidance 37,000 1,810 1,930 1,377 219.9 66 May 10, 2024 J-GAAP
YoY +1.1% -7.9% -7.5% -9.3% -8.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,436 992 1,021 684 108.6 9.5 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 8,473 58 94 28 4.5 0.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 11,844 1,307 1,330 1,092 173.6 11.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,519 -548 -500 -377 -60.1 -9.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 11,151 1,184 1,223 834 132.8 10.6 Nov 8, 2024 J-GAAP
YoY +6.9% +19.4% +19.8% +21.9% +22.3%

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