Financials NEXTAGE Co., Ltd.

Equities

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-09-12 am EDT			5-day change	1st Jan Change
1,779.00 ^JPY	+4.65%		-6.96%	-31.26%

Jul. 01	Nextage's Attributable Profit Slips 5% in Fiscal H1	MT
Jul. 01	NEXTAGE Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending November 30, 2024	CI

Fiscal Period: November	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	219,263	241,146	291,263	418,117	463,464	547,983	611,338	689,966
Change	-	9.98%	20.78%	43.55%	10.85%	18.24%	11.56%	12.86%
EBITDA ¹	8,827	10,162	17,570	22,399	20,351	24,767	30,267	35,050
Change	-	15.12%	72.9%	27.48%	-9.14%	21.7%	22.21%	15.8%
EBIT ¹	6,085	6,825	13,637	19,448	16,084	19,794	25,464	29,828
Change	-	12.16%	99.81%	42.61%	-17.3%	23.06%	28.65%	17.14%
Interest Paid	-187	-251	-246	-245	-273	-	-	-
Earnings before Tax (EBT) ¹	5,772	6,498	13,301	18,765	15,533	19,589	25,812	29,898
Change	-	12.58%	104.69%	41.08%	-17.22%	26.11%	31.77%	15.83%
Net income ¹	4,258	4,740	9,663	13,886	11,556	14,090	18,155	21,215
Change	-	11.32%	103.86%	43.7%	-16.78%	21.93%	28.85%	16.85%
Announcement Date	1/7/20	1/7/21	1/6/22	1/5/23	1/9/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: November	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	56,297	58,145	61,694	54,097	62,925	62,430	63,129	76,102	72,862	79,170	81,507	100,825	106,998	128,787	117,937	111,891	119,395	114,241	119,457	145,526	138,918	131,840
Change	-	3.28%	6.1%	-12.31%	16.32%	-0.79%	1.12%	20.55%	-4.26%	8.66%	2.95%	23.7%	6.12%	20.36%	-8.42%	-5.13%	6.71%	-4.32%	4.57%	21.82%	-4.54%	-5.1%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	1,616	1,184	305	-128	3,535	3,113	2,802	3,543	3,459	3,833	4,382	4,769	5,605	4,692	1,769	6,196	6,474	1,645	2,215	5,546	6,520	5,650
Change	-	-26.73%	-74.24%	-	-	-11.94%	-9.99%	26.45%	-2.37%	10.81%	14.32%	8.83%	17.53%	-16.29%	-62.3%	250.25%	4.49%	-74.59%	34.65%	150.38%	17.55%	-13.34%
Charge d'intérêts	-46	-	-56	-	-68	-	-62	-	-62	-	-57	-	-54	-	-69	-	-65	-	-70	-	-	-
Earnings before Tax (EBT)	1,571	1,044	207	-247	3,487	3,051	2,736	3,467	3,403	3,695	4,325	4,604	5,627	4,209	1,741	6,050	6,409	-	2,114	-	-	-
Change	-	-33.55%	-80.17%	-	-	-12.5%	-10.32%	26.72%	-1.85%	8.58%	17.05%	6.45%	22.22%	-25.2%	-58.64%	247.5%	5.93%	-100%	-	-100%	-	-
Net income	1,135	828	71	-219	2,661	2,227	1,959	2,407	2,527	2,770	3,029	3,200	4,104	3,553	1,241	4,439	4,556	1,320	1,458	-	-	-
Change	-	-27.05%	-91.43%	-	-	-16.31%	-12.03%	22.87%	4.99%	9.62%	9.35%	5.65%	28.25%	-13.43%	-65.07%	257.7%	2.64%	-71.03%	10.45%	-100%	-	-
Announcement Date	10/4/19	1/7/20	4/3/20	7/3/20	10/2/20	1/7/21	4/5/21	7/5/21	10/4/21	1/6/22	4/4/22	7/4/22	10/3/22	1/5/23	4/3/23	7/3/23	10/2/23	1/9/24	4/1/24	7/1/24	-	-

¹JPY in Million

Estimates

Fiscal Period: November	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2
Net sales ¹	115,791	125,355	139,231	152,032	182,332	235,785	229,828	233,636	264,983	256,500
Change	-	8.26%	11.07%	9.19%	19.93%	29.32%	-2.53%	1.66%	13.42%	-3.2%
EBITDA	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-
EBIT ¹	177	6,648	6,345	7,292	9,151	10,297	7,965	8,119	7,761	12,100
Change	-	3,655.93%	-4.56%	14.93%	25.49%	12.52%	-22.65%	1.93%	-4.41%	55.91%
Charge d'intérêts	-116	-	-129	-	-116	-	-136	-	-206	-
Earnings before Tax (EBT)	-40	6,538	6,203	7,098	8,929	9,836	7,791	-	7,610	-
Change	-	-	-5.12%	14.43%	25.8%	10.16%	-20.79%	-100%	-	-100%
Net income	-148	4,888	4,366	5,297	6,229	7,657	5,680	-	5,398	-
Change	-	-	-10.68%	21.32%	17.59%	22.93%	-25.82%	-100%	-	-100%
Announcement Date	7/3/20	1/7/21	7/5/21	1/6/22	7/4/22	1/5/23	7/3/23	1/9/24	7/1/24	-

¹JPY in Million

Estimates

Fiscal Period: November	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	33,198	24,780	28,738	56,677	47,790	53,308	53,567	53,217
Change	-	-25.36%	15.97%	97.22%	-15.68%	11.55%	0.49%	-0.65%
Announcement Date	1/7/20	1/7/21	1/6/22	1/5/23	1/9/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: November	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	10,119	8,039	7,349	12,556	20,490	19,422	16,439	18,088
Change	-	-20.56%	-8.58%	70.85%	63.19%	-5.21%	-15.36%	10.04%
Free Cash Flow (FCF) ¹	-20,035	10,740	-5,042	-31,684	10,012	-7,948	-199.2	6,866
Change	-	-153.61%	-146.95%	528.4%	-131.6%	-179.38%	-97.49%	-3,545.92%
Announcement Date	1/7/20	1/7/21	1/6/22	1/5/23	1/9/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: November	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	4.03%	4.21%	6.03%	5.36%	4.39%	4.52%	4.95%	5.08%
EBIT Margin (%)	2.78%	2.83%	4.68%	4.65%	3.47%	3.61%	4.17%	4.32%
EBT Margin (%)	2.63%	2.69%	4.57%	4.49%	3.35%	3.57%	4.22%	4.33%
Net margin (%)	1.94%	1.97%	3.32%	3.32%	2.49%	2.57%	2.97%	3.07%
FCF margin (%)	-9.14%	4.45%	-1.73%	-7.58%	2.16%	-1.45%	-0.03%	1%
FCF / Net Income (%)	-470.53%	226.58%	-52.18%	-228.17%	86.64%	-56.41%	-1.1%	32.36%
Profitability
ROA	5.68%	5.1%	12.71%	10.2%	6.82%	7.2%	8.7%	8.4%
ROE	18.6%	16.4%	27%	28.4%	18.8%	19.75%	21.72%	20.78%
Financial Health
Leverage (Debt/EBITDA)	3.76x	2.44x	1.64x	2.53x	2.35x	2.15x	1.77x	1.52x
Debt / Free cash flow	-1.66x	2.31x	-5.7x	-1.79x	4.77x	-6.71x	-268.84x	7.75x
Capital Intensity
CAPEX / Current Assets (%)	4.62%	3.33%	2.52%	3%	4.42%	3.54%	2.69%	2.62%
CAPEX / EBITDA (%)	114.64%	79.11%	41.83%	56.06%	100.68%	78.42%	54.31%	51.61%
CAPEX / FCF (%)	-50.51%	74.85%	-145.76%	-39.63%	204.65%	-244.37%	-8,250.31%	263.45%
Items per share
Cash flow per share ¹	95.77	108.4	178.9	213.8	198.5	241.2	300.5	339.8
Change	-	13.19%	65%	19.52%	-7.15%	21.54%	24.59%	13.06%
Dividend per Share ¹	6	7	15	24	32	32.83	39.17	46
Change	-	16.67%	114.29%	60%	33.33%	2.6%	19.29%	17.45%
Book Value Per Share ¹	369.3	407	541.9	707.9	834.6	968	1,163	1,381
Change	-	10.21%	33.16%	30.63%	17.89%	15.98%	20.17%	18.69%
EPS ¹	58.27	63.62	127.1	176.3	145	173.5	227.3	264.9
Change	-	9.18%	99.83%	38.68%	-17.77%	19.69%	30.98%	16.54%
Nbr of stocks (in thousands)	75,428	75,204	76,686	79,462	79,807	80,142	80,142	80,142
Announcement Date	1/7/20	1/7/21	1/6/22	1/5/23	1/9/24	-	-	-