NIFCO, The Current Fiscal Year Ordinary Profit Revised Upward by 11%, Dividend Revised Upward by 5 yen

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Tue Feb 4, 2025 1:00 pm JST Earnings

7988 NIFCO INC. 【J-GAAP】

Earnings Report

NIFCO INC. <7988> [TSE Prime] announced its financial results in the afternoon session on February 4th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 16.6% from the same period last year, reaching 40.4 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 10.9%, from the previous forecast of 44.2 billion yen to 49 billion yen (compared to 49.6 billion yen in the previous period), and the declining rate is expected to decrease from 11.0% to 1.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has been revised upward 25.2%, from the previous forecast of 19 billion yen to 23.8 billion yen (compared to 24.6 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 22.7% to 3.2%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 70 yen to 75 yen (compared to 64 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 58.6% from the same period last year, reaching 15.2 billion yen. The operating profit margin rose from 11.4% in the same period last year to 14.5%.

Kabutan News

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	234,210	25,473	29,079	18,530	184.9	76.8	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	273,779	31,513	34,642	23,408	234.8	69.8	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	264,020	37,862	40,403	27,919	286.7	82.5	Feb 4, 2025	J-GAAP
YoY	-3.6%	+20.1%	+16.6%	+19.3%	+22.1%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	163,802	19,868	19,049	10,704	112.4	35	Oct 31, 2024	J-GAAP
Oct - Mar, 2024 New	174,802	22,868	23,849	17,604	184.9	40	Feb 4, 2025	J-GAAP
Revision Rate	+6.7%	+15.1%	+25.2%	+64.5%	+64.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	340,000	45,000	44,200	26,100	274.2	70	May 13, 2024	J-GAAP
Mar, 2025 New	351,000	48,000	49,000	33,000	346.7	75	Feb 4, 2025	J-GAAP
Revision Rate	+3.2%	+6.7%	+10.9%	+26.4%	+26.4%

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	174,802	22,868	23,849	17,604	184.9	40	Feb 4, 2025	J-GAAP
YoY	-9.3%	-1.6%	-3.2%	+1,819.7%	+1,907.8%

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	351,000	48,000	49,000	33,000	346.7	75	Feb 4, 2025	J-GAAP
YoY	-5.6%	+9.3%	-1.3%	+80.8%	+89.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2024	87,822	12,730	15,252	12,523	128.6	14.5	Feb 4, 2025	J-GAAP
YoY	-7.5%	+17.5%	+58.6%	+106.2%	+111.1%