EIKEN INDUSTRIES CO.,LTD, Third Quarter Cumulative (November-July) Ordinary Profit Increases by 2.6 times, 3Q (May-July) Ordinary Profit Increases by 13 times

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Thu Sep 5, 2024 3:00 pm JST Earnings

7265 EIKEN INDUSTRIES CO.,LTD 【J-GAAP】

Earnings Report

EIKEN INDUSTRIES CO.,LTD <7265> [TSE-S] announced its financial results after the market closed on September 5th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) surged by 2.6 times that of the same period last year, reaching 248 million yen. This progress accounts for 88.6% of the full-year plan of 280 million yen, also surpassing the five-year average of 77.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the August to October period (4Q) is expected to drop by 38.5% from the same period last year to 32 million yen.

In the most recent three-month period, from May to July (3Q), the ordinary profit surged to 13 times that of the same period last year, reaching 126 million yen. The operating profit margin drastically improved from 0.1% in the same period last year to 6.0%.

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
Nov - Jul, 2021	5,113	292	316	212	211.7	86.6	Sep 5, 2022	J-GAAP
Nov - Jul, 2022	5,141	69	95	84	83.6	64.6	Sep 6, 2023	J-GAAP
Nov - Jul, 2023	5,482	229	248	170	167.7	88.6	Sep 5, 2024	J-GAAP
YoY	+6.6%	+231.9%	+161.1%	+102.4%	+100.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	3,185	48	62	58	57.5	110	Dec 7, 2023	J-GAAP
May - Oct, 2024 Guidance	3,794	146	158	111	108.9	110	Jun 5, 2024	J-GAAP
YoY	+19.1%	+204.2%	+154.8%	+91.4%	+89.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	6,954	339	365	274	273.0	110	Dec 9, 2022	J-GAAP
Oct, 2023	6,796	116	147	135	133.8	110	Dec 7, 2023	J-GAAP
Oct, 2024 Guidance	7,354	260	280	195	191.4	110	Dec 7, 2023	J-GAAP
YoY	+8.2%	+124.1%	+90.5%	+44.4%	+43.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	1,530	1	10	7	7.0	0.1	Sep 6, 2023	J-GAAP
Aug - Oct, 2023	1,655	47	52	51	50.5	2.8	Dec 7, 2023	J-GAAP
Nov - Jan, 2023	1,743	56	62	45	44.7	3.2	Mar 5, 2024	J-GAAP
Feb - Apr, 2024	1,817	58	60	39	38.6	3.2	Jun 5, 2024	J-GAAP
May - Jul, 2024	1,922	115	126	86	84.8	6.0	Sep 5, 2024	J-GAAP
YoY	+25.6%	+11,400.0%	+1,160.0%	+1,128.6%	+1,118.7%