EarningsQ2 2024 Earnings Report

Nabtesco (NABCON) Q2 2024 Earnings Report

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Previous Report: Q1 2024

Next Report: Q3 2024

MX:NABCON Q2 2024 EPS Results

Actual EPS$1.50

Consensus EPS$2.45

Beat/MissMissed by -$0.96

One Year Ago EPS$2.64

MX:NABCON Q2 2024 Revenue Results

Actual Revenue$9.25B

Expected Revenue$8.75B

Beat/MissBeat by +$503.38M

YoY Revenue Growth-0.61%

Earnings Announcement Details

QuarterQ2 2024

Date07/31/2024

TimeTBA

Conference CallWednesday, July 31, 2024

MX:NABCON Upcoming Earnings

Nabtesco's next earnings date is estimated for October 30, 2026, based on past reporting schedules.

Q2 2024 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2024 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2024 Earnings Call Summary

Q2 2024

Earnings Call Date:Jul 31, 2024|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call reflected a mixed outlook. While there were strong performances in certain segments like Aircraft Equipment and steady forecasts for profit, challenges in Component Solutions and the Chinese market weighed heavily. The company's proactive cost-cutting measures and growth initiatives balance the negative impacts.

Company Guidance

During the Q2 2024 earnings call for Nabtesco Corporation (6268.T), Atsushi Habe provided detailed guidance on the company's financial performance and future outlook. The company reported first-half sales of JPY 152.5 billion, a 6.4% decline year-on-year, although it exceeded the April forecast by JPY 1 billion. The operating profit for the period was JPY 6.4 billion, down 26% from the previous year but JPY 1.4 billion above projections. These declines were primarily attributed to the Component Solutions segment, which suffered due to weak robotic demand, while the Transport and Accessibility Solutions segments showed robust performance. The full-year sales forecast remains at JPY 323.7 billion, with operating profit expected to reach JPY 13.5 billion, supported by cost-cutting measures. The company anticipates a recovery in precision reduction gear demand by the first half of 2025 and foresees growth opportunities in aircraft and marine vessel equipment. The company also discussed its strategy for achieving an operating profit margin of 10% by FY 2026 through Project 10, targeting a 0.4-point improvement in profitability for FY 2024.

Steady Performance in Transport and Accessibility Solutions

The Transport Solutions and Accessibility Solutions segments performed well, offsetting declines in other areas. Accessibility Solutions saw growth and is expected to exceed JPY 100 billion in full-year sales.

Aircraft Equipment Growth

The aircraft equipment segment is achieving its greatest-ever growth, benefiting from both commercial aircraft and Ministry of Defense business.

Full Year Profit Forecast Maintained

Despite challenges, the company maintains its full-year profit forecast of JPY 13.5 billion through cost-cutting measures and optimization efforts.

Positive Outlook for Boeing 737 MAX

Boeing's increased production volume for the 737 MAX is expected to positively impact the company in the current and next fiscal years.

Project 10 Initiative

The company is focused on improving profitability with the Project 10 initiative, aiming for a 10% OP margin by FY 2026 with specific actions leading to a 0.4-point improvement in FY 2024.

MX:NABCON Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 30, 2026	2026 (Q3)	5.79 / -	4.812	―
Jul 31, 2026	2026 (Q2)	3.69 / 6.82	3.096	120.17% (+3.72)
Apr 30, 2026	2026 (Q1)	4.62 / 5.39	3.149	71.17% (+2.24)
Feb 12, 2026	2025 (Q4)	7.74 / 4.10	4.278	-4.15% (-0.18)
Oct 31, 2025	2025 (Q3)	3.32 / 4.81	1.396	244.64% (+3.42)
Jul 31, 2025	2025 (Q2)	2.17 / 3.10	1.499	106.53% (+1.60)
Apr 30, 2025	2025 (Q1)	3.67 / 3.15	2.533	24.28% (+0.62)
Feb 12, 2025	2024 (Q4)	- / 4.28	4.902	-12.74% (-0.62)
Oct 31, 2024	2024 (Q3)	3.17 / 1.40	3.687	-62.13% (-2.29)
Jul 31, 2024	2024 (Q2)	2.45 / 1.50	2.641	-43.24% (-1.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed