kabutan

NITTO KOHKI CO.,LTD., First Half Ordinary Profit Decreases by 15%, July-September Ordinary Profit Decreases by 14%

Thu Nov 14, 2024 4:40 pm JST Earnings

6151 NITTO KOHKI CO.,LTD. 【J-GAAP】

Earnings Report

NITTO KOHKI CO.,LTD. <6151> [TSE-P] announced its financial results after the market closed on November 14th (16:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 15.3% from the same period last year to 1.47 billion yen. The progress rate against the 3.16 billion yen full-year plan was 46.7%, also falling below the five-year average of 51.6%.

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 October to March period (second half) is expected to expand by 56.2% from the same period last year, reaching 1.68 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 652 million yen, a 13.8% decrease compared to the same period last year. The operating profit margin decreased from 10.3% in the same period last year to 9.7%.

Kabutan News

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 13,986 1,688 1,829 1,232 60.7 50.6 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 13,941 1,641 1,743 1,234 62.3 61.8 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 13,497 1,387 1,476 938 50.1 46.7 Nov 14, 2024 J-GAAP
YoY -3.2% -15.5% -15.3% -24.0% -19.5%

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 13,777 1,383 1,442 979 52.3 21 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 13,497 1,387 1,476 938 50.1 21 Nov 14, 2024 J-GAAP
Revision Rate -2.0% +0.3% +2.4% -4.2% -4.2%

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 13,131 1,039 1,078 607 30.8 15 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,743 1,673 1,684 1,282 68.5 27 Nov 14, 2024 J-GAAP
YoY +12.3% +61.0% +56.2% +111.2% +122.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 28,091 3,459 3,612 2,489 122.8 53 May 10, 2023 J-GAAP
Mar, 2024 27,072 2,680 2,821 1,841 93.5 43 May 9, 2024 J-GAAP
Mar, 2025 Guidance 28,240 3,060 3,160 2,220 118.6 48 May 9, 2024 J-GAAP
YoY +4.3% +14.2% +12.0% +20.6% +26.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,873 708 756 608 30.7 10.3 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 6,666 477 556 391 19.8 7.2 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 6,465 562 522 216 11.0 8.7 May 9, 2024 J-GAAP
Apr - Jun, 2024 6,694 726 824 517 27.6 10.8 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 6,803 661 652 421 22.5 9.7 Nov 14, 2024 J-GAAP
YoY -1.0% -6.6% -13.8% -30.8% -26.7%

Related Articles