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NICHIDAI CORPORATION, First Half Ordinary Profit Turns to Profit

Fri Nov 1, 2024 3:10 pm JST Earnings

6467 NICHIDAI CORPORATION 【J-GAAP】

Earnings Report

NICHIDAI CORPORATION <6467> [TSE-S] announced its financial results after the market closed on November 1st (15:10). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 92 million yen (compared to a loss of 119 million yen in the same period last year), exceeded the previous forecast of 15 million yen.

The progress rate against the 100 million yen full-year plan was 92.0%.

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 significant drop by 95.6% from the same period last year to 8 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 18 million yen (compared to a loss of 88 million yen in the same period last year). The operating profit/loss margin significantly improved from -3.9% in the same period last year to -0.7%.

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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 5,248 -143 -25 -151 -16.7 ー Oct 31, 2022 J-GAAP
Apr - Sep, 2023 5,426 -188 -119 -168 -18.6 ー Oct 31, 2023 J-GAAP
Apr - Sep, 2024 5,842 70 92 23 2.6 92.0 Nov 1, 2024 J-GAAP
YoY +7.7% － － － －

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 5,870 2 15 -20 -2.2 2 May 1, 2024 J-GAAP
Apr - Sep, 2024 Results 5,842 70 92 23 2.6 2 Nov 1, 2024 J-GAAP
Revision Rate -0.5% +3,400.0% +513.3% － －

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 5,897 146 183 212 24.0 2 May 1, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,058 10 8 27 3.0 4 Nov 1, 2024 J-GAAP
YoY +2.7% -93.2% -95.6% -87.3% -87.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,847 -202 -65 -484 -53.6 6 May 1, 2023 J-GAAP
Mar, 2024 11,323 -42 64 44 5.0 6 May 1, 2024 J-GAAP
Mar, 2025 Guidance 11,900 80 100 50 5.5 6 May 1, 2024 J-GAAP
YoY +5.1% － +56.3% +13.6% +11.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,749 -106 -88 -125 -13.9 -3.9 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 2,846 27 44 39 4.3 0.9 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 3,051 119 139 173 19.5 3.9 May 1, 2024 J-GAAP
Apr - Jun, 2024 2,766 92 110 51 5.7 3.3 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 3,076 -22 -18 -28 -3.1 -0.7 Nov 1, 2024 J-GAAP
YoY +11.9% +79.2% +79.5% +77.6% +77.4%

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