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Nojima Corporation, First Half Ordinary Profit Increases by 46%, Current Fiscal Year Dividend Revised Upward by 4 yen

Thu Oct 31, 2024 12:00 pm JST Earnings

7419 Nojima Corporation 【J-GAAP】

Earnings Report

Nojima Corporation <7419> [TSE-P] announced its financial results at noon (12:00) on October 31st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 21.4 billion yen, an increase of 46.2% compared to the same period last year, exceeded the previous forecast of 16 billion yen.

The progress rate against the 34 billion yen full-year plan was 63.1%, also surpassing the five-year average of 52.3%.

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 drop by 31.3% from the same period last year to 12.5 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 36 yen to 40 yen (compared to 33 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 43.5% from the same period last year, reaching 12.8 billion yen. The operating profit margin improved from 4.5% in the same period last year to 6.0%.

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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 272,338 17,415 19,053 12,764 43.6 52.6 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 358,065 13,511 14,675 9,198 31.2 44.6 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 393,106 19,968 21,448 14,198 48.7 63.1 Oct 31, 2024 J-GAAP
YoY +9.8% +47.8% +46.2% +54.4% +56.0%

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 374,000 15,000 16,000 10,000 34.5 6 May 7, 2024 J-GAAP
Apr - Sep, 2024 Results 393,106 19,968 21,448 14,198 48.7 6.67 Oct 31, 2024 J-GAAP
Revision Rate +5.1% +33.1% +34.1% +42.0% +41.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 765,000 31,000 34,000 21,000 73.3 12 May 7, 2024 J-GAAP
Mar, 2025 New 765,000 31,000 34,000 21,000 73.3 13.33 Oct 31, 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 403,236 17,049 18,262 10,781 36.6 6 May 7, 2024 J-GAAP
Oct - Mar, 2024 Guidance 371,894 11,032 12,552 6,802 23.8 6.66 Oct 31, 2024 J-GAAP
YoY -7.8% -35.3% -31.3% -36.9% -35.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 626,181 33,572 36,246 23,315 79.6 9.33 May 9, 2023 J-GAAP
Mar, 2024 761,301 30,560 32,937 19,979 67.9 11 May 7, 2024 J-GAAP
Mar, 2025 Guidance 765,000 31,000 34,000 21,000 73.3 13.33 Oct 31, 2024 J-GAAP
YoY +0.5% +1.4% +3.2% +5.1% +8.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 186,355 8,320 8,928 5,882 20.0 4.5 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 202,584 7,776 8,493 5,017 17.0 3.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 200,652 9,273 9,769 5,764 19.6 4.6 May 7, 2024 J-GAAP
Apr - Jun, 2024 189,064 7,779 8,635 5,595 19.1 4.1 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 204,042 12,189 12,813 8,603 29.5 6.0 Oct 31, 2024 J-GAAP
YoY +9.5% +46.5% +43.5% +46.3% +47.8%

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