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NIPPON KANZAI Holdings Co.,Ltd., First Half Ordinary Profit Decreases by 7%, July-September Ordinary Profit Decreases by 11%

Wed Nov 6, 2024 2:00 pm JST Earnings

9347 NIPPON KANZAI Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

NIPPON KANZAI Holdings Co.,Ltd. <9347> [TSE-P] announced its financial results in the afternoon session on November 6th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 7.1% from the same period last year to 4.16 billion yen. The progress rate against the 9 billion yen full-year plan was 46.3%, almost the same as the five-year average of 48.6%.

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 grow by 29.2% from the same period last year, reaching 4.83 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.88 billion yen, a 10.6% decrease compared to the same period last year. The operating profit margin worsened from 6.8% in the same period last year to 4.9%.

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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 53,736 4,197 4,747 3,068 82.1 54.8 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 57,003 3,997 4,482 3,045 81.5 54.5 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 65,319 3,730 4,163 2,278 61.2 46.3 Nov 6, 2024 J-GAAP
YoY +14.6% -6.7% -7.1% -25.2% -24.9%

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 64,300 3,500 3,700 2,400 65.0 27 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 65,319 3,730 4,163 2,278 61.2 27 Nov 6, 2024 J-GAAP
Revision Rate +1.6% +6.6% +12.5% -5.1% -5.9%

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 65,671 4,274 3,743 2,635 70.5 27 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 71,181 4,770 4,837 3,822 105.2 27 Nov 6, 2024 J-GAAP
YoY +8.4% +11.6% +29.2% +45.0% +49.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 113,045 8,341 8,662 5,658 151.4 54 May 9, 2023 J-GAAP
Mar, 2024 122,674 8,271 8,225 5,680 152.0 54 May 8, 2024 J-GAAP
Mar, 2025 Guidance 136,500 8,500 9,000 6,100 168.0 54 May 8, 2024 J-GAAP
YoY +11.3% +2.8% +9.4% +7.4% +10.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 29,400 1,987 2,104 1,512 40.5 6.8 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 31,038 2,084 2,212 1,590 42.5 6.7 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 34,633 2,190 1,531 1,045 28.0 6.3 May 8, 2024 J-GAAP
Apr - Jun, 2024 31,463 2,062 2,282 429 11.5 6.6 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 33,856 1,668 1,881 1,849 49.7 4.9 Nov 6, 2024 J-GAAP
YoY +15.2% -16.1% -10.6% +22.3% +22.8%

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