IKK Holdings Inc., Third Quarter Cumulative (November-July) Ordinary Profit Increases by 53%

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Thu Sep 12, 2024 3:00 pm JST Earnings

2198 IKK Holdings Inc. 【J-GAAP】

Earnings Report

IKK Holdings Inc. <2198> [TSE-P] announced its financial results after the market closed on September 12th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) expanded to 1.55 billion yen, an increase of 52.5% compared to the same period last year. This progress accounts for 72.3% of the full-year plan of 2.14 billion yen, exceeding the five-year average of 53.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to October period (4Q) is expected to drop by 39.9% from the same period last year to 594 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit decreased to 578 million yen, a 18.9% decrease compared to the same period last year. The operating profit margin decreased from 12.3% in the same period last year to 10.2%.

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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	13,285	1,034	1,280	840	28.5	61.1	Sep 12, 2022	J-GAAP
Nov - Jul, 2022	15,700	984	1,017	634	21.8	50.7	Sep 11, 2023	J-GAAP
Nov - Jul, 2023	16,533	1,527	1,551	998	34.8	72.3	Sep 12, 2024	J-GAAP
YoY	+5.3%	+55.2%	+52.5%	+57.4%	+59.8%

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	12,053	1,678	1,701	1,228	42.1	24	Dec 11, 2023	J-GAAP
May - Oct, 2024 Guidance	12,354	1,170	1,172	795	27.8	24	Jun 13, 2024	J-GAAP
YoY	+2.5%	-30.3%	-31.1%	-35.3%	-34.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	19,056	1,808	2,096	1,398	47.5	10	Dec 12, 2022	J-GAAP
Oct, 2023	21,990	1,955	2,005	1,340	45.9	24	Dec 11, 2023	J-GAAP
Oct, 2024 Guidance	23,350	2,130	2,145	1,420	49.6	24	Dec 11, 2023	J-GAAP
YoY	+6.2%	+9.0%	+7.0%	+6.0%	+8.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	5,763	707	713	522	17.9	12.3	Sep 11, 2023	J-GAAP
Aug - Oct, 2023	6,290	971	988	706	24.2	15.4	Dec 11, 2023	J-GAAP
Nov - Jan, 2023	5,156	436	442	286	9.9	8.5	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	5,840	524	531	339	11.8	9.0	Jun 13, 2024	J-GAAP
May - Jul, 2024	5,537	567	578	373	13.0	10.2	Sep 12, 2024	J-GAAP
YoY	-3.9%	-19.8%	-18.9%	-28.5%	-27.5%