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Brass Corporation, 25% Increase in Ordinary Profit for The Current Fiscal Year

Fri Sep 13, 2024 3:30 pm JST Earnings

2424 Brass Corporation 【J-GAAP】

Earnings Report

Brass Corporation <2424> [TSE-S] announced its financial results after the market closed on September 13th (15:30). The consolidated ordinary profit for the fiscal year ending July 2024 dropped by 59.4% from the previous period to 488 million yen. For the fiscal year ending July 2025, the profit is expected to recover to 25.2% to 611 million yen.

In the most recent three-month period, from May to July (4Q), the consolidated ordinary profit significantly dropped to 3 million yen, a 98.7% decrease compared to the same period last year. The operating profit/loss margin drastically worsened from 6.6% in the same period last year to -0.2%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2022 11,415 874 1,129 734 131.1 4 Sep 13, 2022 J-GAAP
Jul, 2023 13,260 1,173 1,201 722 132.9 6 Sep 14, 2023 J-GAAP
Jul, 2024 12,726 454 488 275 51.1 8 Sep 13, 2024 J-GAAP
YoY -4.0% -61.3% -59.4% -61.9% -61.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 Guidance 12,699 428 448 266 49.6 8 Aug 19, 2024 J-GAAP
Jul, 2024 Results 12,726 454 488 275 51.1 8 Sep 13, 2024 J-GAAP
Revision Rate +0.2% +6.1% +8.9% +3.4% +3.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 6,256 381 396 234 43.2 0 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 Guidance 6,557 318 333 200 37.6 0 Sep 13, 2024 J-GAAP
YoY +4.8% -16.5% -15.9% -14.5% -13.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 13,260 1,173 1,201 722 132.9 6 Sep 14, 2023 J-GAAP
Jul, 2024 12,726 454 488 275 51.1 8 Sep 13, 2024 J-GAAP
Jul, 2025 Guidance 13,780 581 611 367 69.0 8 Sep 13, 2024 J-GAAP
YoY +8.3% +28.0% +25.2% +33.5% +35.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 3,397 224 232 62 11.4 6.6 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 3,212 265 272 171 31.5 8.3 Dec 14, 2023 J-GAAP
Nov - Jan, 2023 3,044 116 124 63 11.6 3.8 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 3,327 79 89 50 9.3 2.4 Jun 14, 2024 J-GAAP
May - Jul, 2024 3,143 -6 3 -9 -1.7 -0.2 Sep 13, 2024 J-GAAP
YoY -7.5% -98.7%

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