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ItoKuro Inc., Third Quarter Cumulative (November-July) Ordinary Profit Turns to Loss, 3Q (May-July) Ordinary Profit Decreases by 38%

Fri Sep 13, 2024 3:30 pm JST Earnings

6049 ItoKuro Inc. 【J-GAAP】

Earnings Report

ItoKuro Inc. <6049> [TSE-G] announced its financial results after the market closed on September 13th (15:30). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) turned into a loss of 21 million yen (compared to a profit of 555 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary loss for the August to October period (4Q) is expected to further decrease to loss of 49 million yen (compared to a loss of 164 million yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the ordinary profit dropped to 124 million yen, a 38.3% decrease compared to the same period last year. The operating profit margin significantly dropped from 17.0% in the same period last year to 9.5%.

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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 3,246 92 91 17 0.9 ー Sep 9, 2022 J-GAAP
Nov - Jul, 2022 3,255 553 555 391 19.3 141.9 Sep 8, 2023 J-GAAP
Nov - Jul, 2023 3,281 -52 -21 -45 -2.3 ー Sep 13, 2024 J-GAAP
YoY +0.8% － － － －

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 1,866 35 37 5 0.3 0 Dec 8, 2023 J-GAAP
May - Oct, 2024 Guidance 2,000 64 75 30 1.5 0 Jun 7, 2024 J-GAAP
YoY +7.2% +82.9% +102.7% +500.0% +492.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 3,955 -197 -202 -337 -16.5 0 Dec 9, 2022 J-GAAP
Oct, 2023 3,941 387 391 285 14.1 0 Dec 8, 2023 J-GAAP
Oct, 2024 Guidance 4,100 -100 -70 -85 -4.2 0 Jun 7, 2024 J-GAAP
YoY +4.0% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 1,180 201 201 111 5.5 17.0 Sep 8, 2023 J-GAAP
Aug - Oct, 2023 686 -166 -164 -106 -5.2 -24.2 Dec 8, 2023 J-GAAP
Nov - Jan, 2023 864 -29 -20 -25 -1.3 -3.4 Mar 8, 2024 J-GAAP
Feb - Apr, 2024 1,236 -135 -125 -90 -4.5 -10.9 Jun 7, 2024 J-GAAP
May - Jul, 2024 1,181 112 124 70 3.5 9.5 Sep 13, 2024 J-GAAP
YoY +0.1% -44.3% -38.3% -36.9% -36.0%

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