Emimen Co.,Ltd., 3Q (May-July) Ordinary Profit Decreases by 65%

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Fri Sep 13, 2024 4:00 pm JST Earnings

9237 Emimen Co.,Ltd. 【J-GAAP】

Earnings Report

Emimen Co.,Ltd. <9237> [TSE-G] announced its financial results after the market closed on September 13th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) expanded to 92 million yen, an increase of 33.3% compared to the same period last year. However, this progress accounts for 52.6% of the full-year plan of 175 million yen, also falling below the same period of the previous year of 71.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the August to October period (4Q) is expected to surge by 3.0 times that of the same period last year, reaching 83 million yen.

In the most recent three-month period, from May to July (3Q), the ordinary profit significantly dropped to 28 million yen, a 65.0% decrease compared to the same period last year. The operating profit margin sharply declined from 30.7% in the same period last year to 9.9%.

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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, 2023	879	95	92	72	36.1	52.6	Sep 13, 2024	J-GAAP
YoY	－	－	－	－	－

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	504	125	108	116	70.3	0	Dec 14, 2023	J-GAAP
May - Oct, 2024 Guidance	735	122	111	136	67.2	0	Jun 14, 2024	J-GAAP
YoY	+45.8%	-2.4%	+2.8%	+17.2%	-4.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2023	814	114	97	105	63.7	0	Dec 14, 2023	J-GAAP
Oct, 2024 Guidance	1,311	187	175	188	92.8	0	Dec 14, 2023	J-GAAP
YoY	+61.1%	+64.0%	+80.4%	+79.0%	+45.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	237	43	28	39	23.7	18.1	Dec 14, 2023	J-GAAP
Nov - Jan, 2023	263	10	9	0	-0.4	3.8	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	313	55	55	52	26.1	17.6	Jun 14, 2024	J-GAAP
May - Jul, 2024	303	30	28	20	10.0	9.9	Sep 13, 2024	J-GAAP
YoY	－	－	－	－	－