kabutan

NOMURA Co.,Ltd., First Half Ordinary Profit Decreases by 35%, June-Augus Ordinary Profit Decreases by 80%

Thu Oct 10, 2024 4:00 pm JST Earnings

9716 NOMURA Co.,Ltd. 【J-GAAP】

Earnings Report

NOMURA Co.,Ltd. <9716> [TSE-P] announced its financial results after the market closed on October 10th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by 34.5% from the same period last year to 1.52 billion yen. The progress rate against the 5.75 billion yen full-year plan was 26.6%, also falling below the five-year average of 41.2%.

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 September to February period (second half) is expected to expand by 38.9% from the same period last year, reaching 4.22 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit significantly dropped to 404 million yen, a 80.5% decrease compared to the same period last year. The operating profit margin drastically worsened from 5.9% in the same period last year to 1.4%.

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
Mar - Aug, 2022 47,484 1,040 1,141 830 7.5 35.2 Oct 6, 2022 J-GAAP
Mar - Aug, 2023 59,516 2,220 2,332 1,682 15.1 43.4 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 57,945 1,442 1,527 851 7.6 26.6 Oct 10, 2024 J-GAAP
YoY -2.6% -35.0% -34.5% -49.4% -49.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 0 Apr 11, 2024 J-GAAP
Mar - Aug, 2024 Results 57,945 1,442 1,527 851 7.6 0 Oct 10, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 74,622 2,993 3,041 2,180 19.6 27 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 Guidance 79,055 4,258 4,223 3,249 29.1 27 Oct 10, 2024 J-GAAP
YoY +5.9% +42.3% +38.9% +49.0% +48.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 110,928 3,113 3,246 2,229 20.0 25 Apr 6, 2023 J-GAAP
Feb, 2024 134,138 5,213 5,373 3,862 34.7 27 Apr 11, 2024 J-GAAP
Feb, 2025 Guidance 137,000 5,700 5,750 4,100 36.8 27 Apr 11, 2024 J-GAAP
YoY +2.1% +9.3% +7.0% +6.2% +6.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 34,607 2,029 2,069 1,678 15.1 5.9 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 35,583 1,292 1,298 829 7.4 3.6 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 39,039 1,701 1,743 1,351 12.1 4.4 Apr 11, 2024 J-GAAP
Mar - May, 2024 29,070 1,025 1,123 606 5.5 3.5 Jul 11, 2024 J-GAAP
Jun - Aug, 2024 28,875 417 404 245 2.2 1.4 Oct 10, 2024 J-GAAP
YoY -16.6% -79.4% -80.5% -85.4% -85.4%

Related Articles