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Nakamichi Leasing, 41% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend to Cut by 6 yen

Fri Feb 14, 2025 12:00 pm JST Earnings

8594 Nakamichi Leasing Co., Ltd. 【J-GAAP】

Earnings Report

Nakamichi Leasing Co., Ltd. <8594> [SSE] announced its financial results at noon (12:00) on February 14th. The ordinary profit (non-consolidated) for the fiscal year ending December 2024 expanded 47.7% from the previous period to 1.87 billion yen. However, for the fiscal year ending December 2025, the profit is expected to drop by 41.2% from the previous period to 1.1 billion yen.

At the same time, the company has decided to reduce the dividend this fiscal year to 12 yen, a decrease of 6 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the ordinary profit increased 89.2% from the same period last year, reaching 0.36 billion yen. The operating profit margin improved from 1.4% in the same period last year to 1.8%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 43,568 744 908 567 76.4 8 Feb 14, 2023 J-GAAP
Dec, 2023 43,177 1,044 1,266 748 100.5 12 Feb 14, 2024 J-GAAP
Dec, 2024 49,540 1,532 1,870 1,234 165.6 18 Feb 14, 2025 J-GAAP
YoY +14.7% +46.7% +47.7% +65.0% +64.7%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 47,000 1,300 1,500 1,000 134.0 18 Feb 14, 2025 J-GAAP
Dec, 2024 Results 49,540 1,532 1,870 1,234 165.6 18 Feb 14, 2025 J-GAAP
Revision Rate +5.4% +17.8% +24.7% +23.4% +23.5%

Guidance Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 47,000 1,300 1,500 1,000 134.0 18 Feb 14, 2025 J-GAAP
Dec, 2025 New 49,000 870 1,100 730 97.7 12 Feb 14, 2025 J-GAAP
Revision Rate +4.3% -33.1% -26.7% -27.0% -27.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 22,519 608 728 501 67.2 － Aug 9, 2024 J-GAAP
Jan - Jun, 2025 Guidance 24,500 580 700 470 62.9 － Feb 14, 2025 J-GAAP
YoY +8.8% -4.6% -3.8% -6.2% -6.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 43,177 1,044 1,266 748 100.5 12 Feb 14, 2024 J-GAAP
Dec, 2024 49,540 1,532 1,870 1,234 165.6 18 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 49,000 870 1,100 730 97.7 12 Feb 14, 2025 J-GAAP
YoY -1.1% -43.2% -41.2% -40.8% -41.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 11,287 162 195 88 11.8 1.4 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 11,130 277 362 251 33.8 2.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 11,389 331 366 250 33.5 2.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 13,670 680 773 531 71.3 5.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 13,351 244 369 202 27.1 1.8 Feb 14, 2025 J-GAAP
YoY +18.3% +50.6% +89.2% +129.5% +129.2%

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