Nagase Brothers, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 16%

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Wed Jan 29, 2025 3:30 pm JST Earnings

9733 Nagase Brothers Inc. 【J-GAAP】

Earnings Report

Nagase Brothers Inc. <9733> [TSE Std] announced its financial results after the market closed on January 29th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 16.5% from the same period last year to 3.01 billion yen. The progress rate toward the full-year plan of 4.57 billion yen was 65.9%, also falling below the five-year average of 76.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to surge 2.2 times that of the same period last year, reaching 1.55 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 2.34 billion yen, an increase of 2.8% compared to the same period last year. However, the operating profit margin decreased from 16.3% in the same period last year to 15.9%.

Kabutan News

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
Apr - Dec, 2022	38,542	4,989	4,736	3,883	147.5	93.4	Jan 24, 2023	J-GAAP
Apr - Dec, 2023	39,581	3,747	3,613	2,159	82.0	83.6	Jan 29, 2024	J-GAAP
Apr - Dec, 2024	39,487	3,819	3,018	1,658	63.0	65.9	Jan 29, 2025	J-GAAP
YoY	-0.2%	+1.9%	-16.5%	-23.2%	-23.2%

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	27,589	3,108	2,993	1,906	72.4	100	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	31,452	4,021	3,907	2,463	93.6	100	Oct 24, 2024	J-GAAP
YoY	+14.0%	+29.4%	+30.5%	+29.2%	+29.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	52,354	5,369	5,071	4,000	152.0	100	Apr 27, 2023	J-GAAP
Mar, 2024	52,986	4,538	4,323	2,602	98.8	100	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	56,429	5,526	4,577	2,577	97.9	100	Oct 24, 2024	J-GAAP
YoY	+6.5%	+21.8%	+5.9%	-1.0%	-1.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	14,184	2,317	2,283	1,463	55.6	16.3	Jan 29, 2024	J-GAAP
Jan - Mar, 2024	13,405	791	710	443	16.8	5.9	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	11,145	-291	-314	-253	-9.6	-2.6	Jul 24, 2024	J-GAAP
Jul - Sep, 2024	13,832	1,796	984	367	14.0	13.0	Oct 24, 2024	J-GAAP
Oct - Dec, 2024	14,510	2,314	2,348	1,544	58.7	15.9	Jan 29, 2025	J-GAAP
YoY	+2.3%	-0.1%	+2.8%	+5.5%	+5.6%