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Nomura Micro Science Co.,Ltd., First Half Ordinary Profit Decreases by 99%, July-September Ordinary Profit Turns to Loss

Thu Nov 14, 2024 3:30 pm JST Earnings

6254 Nomura Micro Science Co.,Ltd. 【J-GAAP】

Earnings Report

Nomura Micro Science Co.,Ltd. <6254> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 99.1% from the same period last year to 59 million yen. The progress rate against the 11.8 billion yen full-year plan was 0.5%, also falling below the five-year average of 38.9%.

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 surge by 2.6 times that of the same period last year, reaching 11.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 435 million yen (compared to a profit of 4.14 billion yen in the same period last year). The operating profit margin significantly dropped from 17.1% in the same period last year to 11.4%.

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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 19,531 1,590 1,824 1,257 34.1 28.4 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 36,555 5,722 6,242 4,061 108.9 57.7 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 18,042 1,552 59 28 0.7 0.5 Nov 14, 2024 J-GAAP
YoY -50.6% -72.9% -99.1% -99.3% -99.3%

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 18,042 1,552 59 28 0.7 20 Oct 31, 2024 J-GAAP
Apr - Sep, 2024 Results 18,042 1,552 59 28 0.7 20 Nov 14, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 36,466 4,925 4,577 3,917 104.8 47.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 69,958 10,448 11,741 8,622 228.5 50 Oct 31, 2024 J-GAAP
YoY +91.8% +112.1% +156.5% +120.1% +118.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 49,595 6,550 6,416 5,806 156.9 37.50 May 15, 2023 J-GAAP
Mar, 2024 73,021 10,647 10,819 7,978 213.5 62.50 May 15, 2024 J-GAAP
Mar, 2025 Guidance 88,000 12,000 11,800 8,650 229.3 70 May 15, 2024 J-GAAP
YoY +20.5% +12.7% +9.1% +8.4% +7.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 23,788 4,058 4,147 2,944 78.9 17.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 24,742 2,729 2,205 1,742 46.7 11.0 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 11,724 2,196 2,372 2,175 58.2 18.7 May 15, 2024 J-GAAP
Apr - Jun, 2024 7,629 362 494 411 11.0 4.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,413 1,190 -435 -383 -10.1 11.4 Nov 14, 2024 J-GAAP
YoY -56.2% -70.7% － － －

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