kabutan

NAGAWA Co .,Ltd., July-September (2Q) Ordinary Profit Decreases by 5%

Mon Oct 28, 2024 1:00 pm JST Earnings

9663 NAGAWA Co .,Ltd. 【J-GAAP】

Earnings Report

NAGAWA Co .,Ltd. <9663> [TSE-P] announced its financial results in the afternoon session on October 28th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 6.1% from the same period last year, reaching 2.13 billion yen. However, The progress rate against the 5.4 billion yen full-year plan was 39.6%, also falling below the five-year average of 47.0%.

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 24.1% from the same period last year, reaching 3.26 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 979 million yen, a 4.8% decrease compared to the same period last year. The operating profit margin decreased from 12.9% in the same period last year to 11.9%.

Kabutan News

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 14,414 2,042 2,289 1,603 102.0 49.0 Oct 24, 2022 J-GAAP
Apr - Sep, 2023 14,944 1,792 2,016 1,313 83.5 43.4 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 16,335 1,835 2,139 1,421 90.5 39.6 Oct 28, 2024 J-GAAP
YoY +9.3% +2.4% +6.1% +8.2% +8.3%

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 18,000 2,600 2,700 1,850 117.8 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 16,335 1,835 2,139 1,421 90.5 0 Oct 28, 2024 J-GAAP
Revision Rate -9.3% -29.4% -20.8% -23.2% -23.1%

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 17,632 2,449 2,627 1,806 114.9 60 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,665 ー 3,261 2,279 145.9 60 Oct 28, 2024 J-GAAP
YoY +11.5% － +24.1% +26.2% +27.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 31,652 4,308 4,674 3,130 199.2 60 May 15, 2023 J-GAAP
Mar, 2024 32,576 4,241 4,643 3,119 198.4 60 May 13, 2024 J-GAAP
Mar, 2025 Guidance 36,000 ー 5,400 3,700 236.8 60 May 13, 2024 J-GAAP
YoY +10.5% － +16.3% +18.6% +19.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,784 1,007 1,028 651 41.4 12.9 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 8,692 1,220 1,330 977 62.2 14.0 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 8,940 1,229 1,297 829 52.7 13.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 8,463 901 1,160 770 49.1 10.6 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 7,872 934 979 651 41.5 11.9 Oct 28, 2024 J-GAAP
YoY +1.1% -7.2% -4.8% 0.0% +0.1%

Related Articles