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Japan Eyewear Holdings Co., Ltd., First Half Net Income Increases by 89%, 2Q (May-July) Net Income Increases by 28%

Thu Sep 12, 2024 3:00 pm JST Earnings

5889 Japan Eyewear Holdings Co., Ltd. 【IFRS】

Earnings Report

Japan Eyewear Holdings Co., Ltd. <5889> [TSE-S] announced its financial results (based on IFRS) after the market closed on September 12th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending January 2025 (February to July) expanded to 1.67 billion yen, an increase of 89.3% compared to the same period last year. This progress accounts for 62.6% of the full-year plan of 2.68 billion yen, also surpassing the progress rate of 40.0% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the August to January period (second half) is expected to decrease by 24.6% from the same period last year to 1 billion yen.

In the most recent three-month period, from May to July (2Q), the consolidated net income grew by 27.5% from the same period last year, reaching 941 million yen. The operating profit margin rose from 29.7% in the same period last year to 35.1%.

Kabutan News

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, 2024 8,300 2,754 2,482 1,677 70.0 63.6 Sep 12, 2024 IFRS
YoY － － － － －

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 ー ー ー ー － 22 Mar 13, 2024 IFRS
Feb - Jul, 2024 Results 8,300 2,754 2,482 1,677 70.0 22 Sep 12, 2024 IFRS
Revision Rate － － － － －

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 7,125 1,906 1,713 1,331 66.1 19 Mar 13, 2024 IFRS
Aug - Jan, 2024 Guidance 6,660 1,546 1,418 1,003 41.6 22 Sep 12, 2024 IFRS
YoY -6.5% -18.9% -17.2% -24.6% -37.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2024 13,528 3,700 3,295 2,217 110.1 19 Mar 13, 2024 IFRS
Jan, 2025 Guidance 14,960 4,300 3,900 2,680 111.2 44 Mar 13, 2024 IFRS
YoY +10.6% +16.2% +18.4% +20.9% +1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 3,286 886 783 514 27.2 27.0 Dec 14, 2023 IFRS
Nov - Jan, 2023 3,839 1,020 930 817 40.6 26.6 Mar 13, 2024 IFRS
Feb - Apr, 2024 3,861 1,195 1,102 736 30.8 31.0 Jun 13, 2024 IFRS
May - Jul, 2024 4,439 1,559 1,380 941 39.3 35.1 Sep 12, 2024 IFRS
YoY － － － － －

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