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IMURA & Co., Ltd., First Half Ordinary Profit Unexpectedly Revised Upward by 1%

Thu Sep 12, 2024 3:30 pm JST Earnings

3955 IMURA & Co., Ltd. 【J-GAAP】

Earnings Report

IMURA & Co., Ltd. <3955> [TSE-S] announced its financial results after the market closed on September 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending January 2025 (February to July) was 1.06 billion yen, a 1.4% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a -5.0% decrease.

However, This progress accounts for 71.2% of the full-year plan of 1.5 billion yen, it was below the five-year average of 84.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to grow by 20.0% from the same period last year, reaching 432 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit grew by 18.6% from the same period last year, reaching 709 million yen. The operating profit margin rose from 10.1% in the same period last year to 12.2%.

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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 11,259 997 1,072 759 75.8 68.7 Sep 13, 2022 J-GAAP
Feb - Jul, 2023 11,021 992 1,053 722 72.2 74.5 Sep 14, 2023 J-GAAP
Feb - Jul, 2024 10,703 1,023 1,068 751 75.0 71.2 Sep 12, 2024 J-GAAP
YoY -2.9% +3.1% +1.4% +4.0% +3.9%

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 11,000 950 1,000 650 65.3 0 Mar 14, 2024 J-GAAP
Feb - Jul, 2024 Results 10,703 1,023 1,068 751 75.0 0 Sep 12, 2024 J-GAAP
Revision Rate -2.7% +7.7% +6.8% +15.5% +14.9%

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 9,848 313 360 228 22.8 35 Mar 14, 2024 J-GAAP
Aug - Jan, 2024 Guidance 10,297 427 432 249 25.0 30 Sep 12, 2024 J-GAAP
YoY +4.6% +36.4% +20.0% +9.2% +9.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2023 21,736 1,421 1,560 1,016 101.6 30 Mar 14, 2023 J-GAAP
Jan, 2024 20,869 1,305 1,413 950 94.9 35 Mar 14, 2024 J-GAAP
Jan, 2025 Guidance 21,000 1,450 1,500 1,000 100.5 30 Mar 14, 2024 J-GAAP
YoY +0.6% +11.1% +6.2% +5.3% +5.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 5,504 554 598 456 45.6 10.1 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 5,002 173 195 102 10.2 3.5 Dec 12, 2023 J-GAAP
Nov - Jan, 2023 4,846 140 165 126 12.6 2.9 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 5,187 350 359 250 25.0 6.7 Jun 12, 2024 J-GAAP
May - Jul, 2024 5,516 673 709 501 50.0 12.2 Sep 12, 2024 J-GAAP
YoY +0.2% +21.5% +18.6% +9.9% +9.7%

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