NTN CORPORATION, The Current Fiscal Year Net Income Revised Downward to a Loss

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Oct 31, 2024 4:00 pm JST Earnings

6472 NTN CORPORATION 【J-GAAP】

Earnings Report

NTN CORPORATION <6472> [TSE-P] announced its financial results after the market closed on October 31st (16:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 2.12 billion yen (compared to a profit of 4.12 billion yen in the same period last year), reversing from the forecast of a 2 billion yen to a loss.

In addition, the full-year consolidated net income/loss has been revised downward from an expected profit of 5 billion yen to a loss of 16 billion yen (compared to a profit of 10.5 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the October to March period (second half) is expected to turn into a loss of 13.8 billion yen (compared to a profit of 6.44 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 2.29 billion yen (compared to a profit of 2.48 billion yen in the same period last year). However, the operating profit margin remained almost flat, changing from 2.5% in the same period last year to 2.7%.

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	371,702	3,860	3,593	-1,633	-3.1	29.8	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	409,647	6,763	4,883	4,124	7.8	24.4	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	413,947	9,949	3,483	-2,125	-4.0	38.7	Oct 31, 2024	J-GAAP
YoY	+1.0%	+47.1%	-28.7%	－	－

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	430,000	11,000	6,000	2,000	3.8	5.50	Aug 2, 2024	J-GAAP
Apr - Sep, 2024 Results	413,947	9,949	3,483	-2,125	-4.0	5.50	Oct 31, 2024	J-GAAP
Revision Rate	-3.7%	-9.6%	-41.9%	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	860,000	32,000	22,000	5,000	9.4	11	May 14, 2024	J-GAAP
Mar, 2025 New	815,000	22,000	9,000	-16,000	-30.2	11	Oct 31, 2024	J-GAAP
Revision Rate	-5.2%	-31.3%	-59.1%	－	－

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	426,638	21,386	15,118	6,444	12.1	5	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	401,053	12,051	5,517	-13,875	-26.2	5.50	Oct 31, 2024	J-GAAP
YoY	-6.0%	-43.7%	-63.5%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	773,960	17,145	12,047	10,367	19.5	5	May 12, 2023	J-GAAP
Mar, 2024	836,285	28,149	20,001	10,568	19.9	10	May 14, 2024	J-GAAP
Mar, 2025 Guidance	815,000	22,000	9,000	-16,000	-30.2	11	Oct 31, 2024	J-GAAP
YoY	-2.5%	-21.8%	-55.0%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	208,879	5,273	2,958	2,483	4.7	2.5	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	210,898	8,630	4,898	3,558	6.7	4.1	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	215,740	12,756	10,220	2,886	5.4	5.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	210,809	4,532	2,200	170	0.3	2.1	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	203,138	5,417	1,283	-2,295	-4.3	2.7	Oct 31, 2024	J-GAAP
YoY	-2.7%	+2.7%	-56.6%	－	－