Nareru Group Inc., Third Quarter Cumulative (November-July) Net Income Increases by 21%, 3Q (May-July) Net Income Increases by 11%

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Wed Sep 11, 2024 3:00 pm JST Earnings

9163 Nareru Group Inc. 【IFRS】

Earnings Report

Nareru Group Inc. <9163> [TSE-G] announced its financial results (based on IFRS) after the market closed on September 11th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) increased by 20.9% from the same period last year, reaching 1.48 billion yen. This progress accounts for 77.5% of the full-year plan of 1.92 billion yen, also surpassing the progress rate of 70.7% from the same period of the previous year.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the August to October period (4Q) is expected to decrease by 15.3% from the same period last year to 432 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated net income grew by 11.0% from the same period last year, reaching 565 million yen. However, the operating profit margin decreased from 16.3% in the same period last year to 14.6%.

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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
Nov - Jul, 2022	13,064	1,826	1,787	1,231	149.1	72.2	Sep 13, 2023	IFRS
Nov - Jul, 2023	15,801	2,149	2,112	1,488	174.4	77.4	Sep 11, 2024	IFRS
YoY	+21.0%	+17.7%	+18.2%	+20.9%	+17.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	9,695	1,419	1,451	1,019	122.8	95	Dec 13, 2023	IFRS
May - Oct, 2024 Guidance	11,628	1,437	1,420	997	114.8	60	Jun 12, 2024	IFRS
YoY	+19.9%	+1.3%	-2.1%	-2.2%	-6.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2023	17,994	2,469	2,475	1,741	209.9	95	Dec 13, 2023	IFRS
Oct, 2024 Guidance	21,830	2,770	2,730	1,920	221.0	110	Dec 13, 2023	IFRS
YoY	+21.3%	+12.2%	+10.3%	+10.3%	+5.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	4,765	776	763	509	61.6	16.3	Sep 13, 2023	IFRS
Aug - Oct, 2023	4,930	643	688	510	61.5	13.0	Dec 13, 2023	IFRS
Nov - Jan, 2023	4,987	744	732	516	61.1	14.9	Mar 13, 2024	IFRS
Feb - Apr, 2024	5,215	589	578	407	47.9	11.3	Jun 12, 2024	IFRS
May - Jul, 2024	5,599	816	802	565	66.2	14.6	Sep 11, 2024	IFRS
YoY	+17.5%	+5.2%	+5.1%	+11.0%	+7.4%