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

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%

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