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ISHII HYOKI CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 37%

Thu Sep 12, 2024 2:00 pm JST Earnings

6336 ISHII HYOKI CO.,LTD. 【J-GAAP】

Earnings Report

ISHII HYOKI CO.,LTD. <6336> [TSE-S] announced its financial results in the afternoon session on September 12th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) dropped by 49.4% from the same period last year to 505 million yen.

The full-year consolidated ordinary profit has downwardly by 36.6%, from the previous forecast of 1.31 billion yen to 835 million yen (compared to 1.72 billion yen in the previous period), leading to an increase in the profit decline rate from 23.5% to 51.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to significant drop by 54.4% from the same period last year to 330 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit amounted to 405 million yen, an increase of 1.0% compared to the same period last year. The operating profit margin improved from 8.6% in the same period last year to 9.3%.

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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
Feb - Jul, 2022 7,075 554 480 373 45.8 23.8 Sep 9, 2022 J-GAAP
Feb - Jul, 2023 8,480 896 998 806 98.9 58.0 Sep 8, 2023 J-GAAP
Feb - Jul, 2024 7,477 448 505 355 43.6 60.5 Sep 12, 2024 J-GAAP
YoY -11.8% -50.0% -49.4% -56.0% -55.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 Guidance 8,433 573 548 439 53.9 0 Mar 15, 2024 J-GAAP
Feb - Jul, 2024 Results 7,477 448 505 355 43.6 0 Sep 12, 2024 J-GAAP
Revision Rate -11.3% -21.8% -7.8% -19.1% -19.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 Prev 16,600 1,319 1,316 1,071 131.4 15 Mar 15, 2024 J-GAAP
Jan, 2025 New 14,347 732 835 620 76.1 15 Sep 12, 2024 J-GAAP
Revision Rate -13.6% -44.5% -36.6% -42.1% -42.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 8,249 684 723 295 36.2 15 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 6,870 284 330 265 32.5 15 Sep 12, 2024 J-GAAP
YoY -16.7% -58.5% -54.4% -10.2% -10.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 18,222 2,015 2,016 1,639 201.1 10 Mar 17, 2023 J-GAAP
Jan, 2024 16,729 1,580 1,721 1,101 135.1 15 Mar 15, 2024 J-GAAP
Jan, 2025 Guidance 14,347 732 835 620 76.1 15 Sep 12, 2024 J-GAAP
YoY -14.2% -53.7% -51.5% -43.7% -43.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 3,713 318 401 351 43.1 8.6 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 3,802 285 296 206 25.3 7.5 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 4,447 399 427 89 10.9 9.0 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 3,190 50 100 75 9.3 1.6 Jun 11, 2024 J-GAAP
May - Jul, 2024 4,287 398 405 280 34.4 9.3 Sep 12, 2024 J-GAAP
YoY +15.5% +25.2% +1.0% -20.2% -20.1%

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