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NITCHITSU, Oct-Dec (3Q) Ordinary Profit Increases by 12%

Thu Feb 13, 2025 5:00 pm JST Earnings

7021 NITCHITSU CO.,LTD. 【J-GAAP】

Earnings Report

NITCHITSU CO.,LTD. <7021> [TSE Std] announced its financial results after the market closed on February 13th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 11.8% from the same period last year to 165 million yen. However, the progress rate toward the full-year plan of 210 million yen was 78.6%, also surpassing the five-year average of 49.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 26.2% from the same period last year to 45 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 12.2% from the same period last year, reaching 46 million yen. However, the operating profit margin worsened from 3.1% in the same period last year to 1.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 5,889 17 45 -178 -85.9 ー Feb 10, 2023 J-GAAP
Apr - Dec, 2023 6,079 228 187 87 42.5 75.4 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 7,160 198 165 236 119.9 78.6 Feb 13, 2025 J-GAAP
YoY +17.8% -13.2% -11.8% +171.3% +182.5%

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 4,197 159 102 178 87.3 15 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,386 139 91 39 19.9 20 Nov 11, 2024 J-GAAP
YoY +4.5% -12.6% -10.8% -78.1% -77.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 8,024 -38 -23 -540 -259.8 30 May 12, 2023 J-GAAP
Mar, 2024 8,286 325 248 247 121.1 30 May 13, 2024 J-GAAP
Mar, 2025 Guidance 9,100 290 210 250 127.2 35 Nov 11, 2024 J-GAAP
YoY +9.8% -10.8% -15.3% +1.2% +5.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,990 62 41 18 8.8 3.1 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,207 97 61 160 78.5 4.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,526 100 108 103 52.3 4.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,188 51 11 108 54.8 2.3 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 2,446 47 46 25 12.7 1.9 Feb 13, 2025 J-GAAP
YoY +22.9% -24.2% +12.2% +38.9% +44.6%

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