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NEPON Inc., First Half Ordinary Profit Loss Widens

Wed Nov 6, 2024 3:30 pm JST Earnings

7985 NEPON Inc. 【J-GAAP】

Earnings Report

NEPON Inc. <7985> [TSE-S] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 205 million yen (compared to a loss of 95 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 90 million yen.

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 expand by 44.1% from the same period last year, reaching 255 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 31 million yen, a 73.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.6% in the same period last year to 1.6%.

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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 3,208 -94 -83 -67 -70.7 ー Nov 4, 2022 J-GAAP
Apr - Sep, 2023 3,615 -95 -95 -58 -61.1 ー Nov 6, 2023 J-GAAP
Apr - Sep, 2024 3,154 -228 -205 -147 -154.3 ー Nov 6, 2024 J-GAAP
YoY -12.8% -140.0% -115.8% -153.4% -152.6%

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 3,300 -90 -90 -90 -94.0 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 3,154 -228 -205 -147 -154.3 － Nov 6, 2024 J-GAAP
Revision Rate -4.4% -153.3% -127.8% -63.3% -64.1%

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 4,159 129 177 122 129.4 30 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,746 298 255 177 184.9 10 Nov 6, 2024 J-GAAP
YoY +14.1% +131.0% +44.1% +45.1% +42.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,992 388 396 285 297.8 60 May 10, 2023 J-GAAP
Mar, 2024 7,774 34 82 64 67.9 30 May 10, 2024 J-GAAP
Mar, 2025 Guidance 7,900 70 50 30 31.3 10 May 10, 2024 J-GAAP
YoY +1.6% +105.9% -39.0% -53.1% -53.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,191 123 116 88 92.6 5.6 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 2,300 198 191 120 127.2 8.6 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 1,859 -69 -14 2 2.1 -3.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,064 -262 -236 -161 -168.2 -24.6 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 2,090 34 31 14 14.7 1.6 Nov 6, 2024 J-GAAP
YoY -4.6% -72.4% -73.3% -84.1% -84.1%

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