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NIFCO INC., First Half Ordinary Profit Increases by 0.5％

Thu Oct 31, 2024 1:00 pm JST Earnings

7988 NIFCO INC. 【J-GAAP】

Earnings Report

NIFCO INC. <7988> [TSE-P] announced its financial results in the afternoon session on October 31st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 25.1 billion yen, a 0.5% increase compared to the same period last year. The progress rate against the 44.2 billion yen full-year plan was 56.9%, also surpassing the five-year average of 45.6%.

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 decrease by 22.7% from the same period last year to 19 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 11 billion yen, a 5.3% decrease compared to the same period last year. However, the operating profit margin rose from 11.6% in the same period last year to 14.7%.

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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 148,350 15,217 20,345 13,840 138.1 53.7 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 178,835 20,682 25,027 17,335 173.7 50.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 176,198 25,132 25,151 15,396 157.2 56.9 Oct 31, 2024 J-GAAP
YoY -1.5% +21.5% +0.5% -11.2% -9.5%

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 ー ー ー ー － 35 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 176,198 25,132 25,151 15,396 157.2 35 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

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 192,804 23,243 24,638 917 9.2 32 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 163,802 19,868 19,049 10,704 112.4 35 Oct 31, 2024 J-GAAP
YoY -15.0% -14.5% -22.7% +1,067.3% +1,120.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 321,771 34,439 37,876 21,170 211.3 64 May 12, 2023 J-GAAP
Mar, 2024 371,639 43,925 49,665 18,252 183.3 64 May 13, 2024 J-GAAP
Mar, 2025 Guidance 340,000 45,000 44,200 26,100 274.2 70 May 13, 2024 J-GAAP
YoY -8.5% +2.4% -11.0% +43.0% +49.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 90,858 10,536 11,619 7,607 76.2 11.6 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 94,944 10,831 9,615 6,073 60.9 11.4 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 97,860 12,412 15,023 -5,156 -51.8 12.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 86,139 11,889 14,145 8,842 90.0 13.8 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 90,059 13,243 11,006 6,554 66.9 14.7 Oct 31, 2024 J-GAAP
YoY -0.9% +25.7% -5.3% -13.8% -12.2%

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