ICHIBANYA CO.,LTD., June-August (2Q) Ordinary Profit Increases by 5%

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Mon Oct 7, 2024 3:30 pm JST Earnings

7630 ICHIBANYA CO.,LTD. 【J-GAAP】

Earnings Report

ICHIBANYA CO.,LTD. <7630> [TSE-P] announced its financial results after the market closed on October 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 4.1% from the same period last year to 2.49 billion yen. The progress rate against the 5.4 billion yen full-year plan was 46.3%, almost the same as the five-year average of 47.0%.

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 September to February period (second half) is expected to grow by 20.1% from the same period last year, reaching 2.9 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 4.8% from the same period last year, reaching 1.34 billion yen. However, the operating profit margin remained almost flat, changing from 8.7% in the same period last year to 8.6%.

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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
Mar - Aug, 2022	22,874	1,317	1,642	1,021	6.4	40.6	Oct 5, 2022	J-GAAP
Mar - Aug, 2023	26,822	2,467	2,606	1,418	8.9	51.9	Oct 6, 2023	J-GAAP
Mar - Aug, 2024	29,599	2,405	2,499	1,554	9.8	46.3	Oct 7, 2024	J-GAAP
YoY	+10.4%	-2.5%	-4.1%	+9.6%	+9.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	29,700	2,400	2,500	1,400	8.8	8	Apr 4, 2024	J-GAAP
Mar - Aug, 2024 Results	29,599	2,405	2,499	1,554	9.8	8	Oct 7, 2024	J-GAAP
Revision Rate	-0.3%	+0.2%	0.0%	+11.0%	+11.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	28,315	2,248	2,415	1,267	8.0	8	Apr 4, 2024	J-GAAP
Sep - Feb, 2024 Guidance	31,901	2,795	2,901	1,546	9.7	8	Oct 7, 2024	J-GAAP
YoY	+12.7%	+24.3%	+20.1%	+22.0%	+21.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	48,286	3,613	4,042	2,538	15.9	16	Apr 5, 2023	J-GAAP
Feb, 2024	55,137	4,715	5,021	2,685	16.8	16	Apr 4, 2024	J-GAAP
Feb, 2025 Guidance	61,500	5,200	5,400	3,100	19.4	16	Apr 4, 2024	J-GAAP
YoY	+11.5%	+10.3%	+7.5%	+15.5%	+15.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	13,928	1,209	1,283	537	3.4	8.7	Oct 6, 2023	J-GAAP
Sep - Nov, 2023	14,358	1,426	1,513	1,020	6.4	9.9	Dec 25, 2023	J-GAAP
Dec - Feb, 2023	13,957	822	902	247	1.6	5.9	Apr 4, 2024	J-GAAP
Mar - May, 2024	14,253	1,086	1,155	848	5.3	7.6	Jun 24, 2024	J-GAAP
Jun - Aug, 2024	15,346	1,319	1,344	706	4.4	8.6	Oct 7, 2024	J-GAAP
YoY	+10.2%	+9.1%	+4.8%	+31.5%	+31.5%