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NAGAHORI CORPORATION, First Half Ordinary Profit Decreases by 27%, July-September Ordinary Profit Decreases by 39%

Fri Nov 8, 2024 3:30 pm JST Earnings

8139 NAGAHORI CORPORATION 【J-GAAP】

Earnings Report

NAGAHORI CORPORATION <8139> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 27.4% from the same period last year to 310 million yen. The progress rate against the 720 million yen full-year plan was 43.1%, which was higher than the four-year average of 34.9%.

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 28.2% from the same period last year to 410 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 184 million yen, a 39.5% decrease compared to the same period last year. The operating profit margin worsened from 5.4% in the same period last year to 3.8%.

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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 8,533 124 131 -85 -5.6 24.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 10,540 429 427 192 12.5 42.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 11,177 339 310 139 9.1 43.1 Nov 8, 2024 J-GAAP
YoY +6.0% -21.0% -27.4% -27.6% -27.7%

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 10,500 360 330 170 11.1 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 11,177 339 310 139 9.1 0 Nov 8, 2024 J-GAAP
Revision Rate +6.4% -5.8% -6.1% -18.2% -18.2%

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 11,280 593 571 327 21.4 13 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,823 461 410 261 17.0 10 Nov 8, 2024 J-GAAP
YoY -12.9% -22.3% -28.2% -20.2% -20.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,673 547 537 60 4.0 5 May 12, 2023 J-GAAP
Mar, 2024 21,820 1,022 998 519 33.9 13 May 10, 2024 J-GAAP
Mar, 2025 Guidance 21,000 800 720 400 26.1 10 May 10, 2024 J-GAAP
YoY -3.8% -21.7% -27.9% -22.9% -23.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,672 309 304 190 12.4 5.4 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 5,867 339 322 201 13.1 5.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,413 254 249 126 8.2 4.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,472 122 126 46 3.1 2.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 5,705 217 184 93 6.1 3.8 Nov 8, 2024 J-GAAP
YoY +0.6% -29.8% -39.5% -51.1% -51.1%

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