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YOSHINOYA HOLDINGS CO.,LTD., First Half Ordinary Profit Decreases by 9%

Wed Oct 9, 2024 4:00 pm JST Earnings

9861 YOSHINOYA HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

YOSHINOYA HOLDINGS CO.,LTD. <9861> [TSE-P] announced its financial results after the market closed on October 9th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 8.7% from the same period last year to 3.96 billion yen. However, The progress rate against the 7.4 billion yen full-year plan was 53.6%, almost the same as the five-year average of 56.5%.

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 decrease by 19.4% from the same period last year to 3.43 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit amounted to 2.73 billion yen, an increase of 0.9% compared to the same period last year. The operating profit margin remained almost flat, changing from 5.4% in the same period last year to 5.5%.

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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 81,811 1,062 4,760 4,695 72.6 54.5 Oct 12, 2022 J-GAAP
Mar - Aug, 2023 91,654 3,986 4,347 2,879 44.5 50.5 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 99,313 3,713 3,968 2,213 34.2 53.6 Oct 9, 2024 J-GAAP
YoY +8.4% -6.8% -8.7% -23.1% -23.1%

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 100,000 3,500 3,700 2,000 30.9 10 Apr 10, 2024 J-GAAP
Mar - Aug, 2024 Results 99,313 3,713 3,968 2,213 34.2 10 Oct 9, 2024 J-GAAP
Revision Rate -0.7% +6.1% +7.2% +10.7% +10.7%

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 95,818 3,987 4,259 2,725 42.1 10 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 103,687 3,287 3,432 1,887 29.2 10 Oct 9, 2024 J-GAAP
YoY +8.2% -17.6% -19.4% -30.8% -30.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 168,099 3,434 8,741 7,234 111.9 10 Apr 12, 2023 J-GAAP
Feb, 2024 187,472 7,973 8,606 5,604 86.6 18 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 203,000 7,000 7,400 4,100 63.4 20 Apr 10, 2024 J-GAAP
YoY +8.3% -12.2% -14.0% -26.8% -26.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 47,376 2,552 2,705 1,855 28.7 5.4 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 47,238 2,115 2,226 1,459 22.6 4.5 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 48,580 1,872 2,033 1,266 19.6 3.9 Apr 10, 2024 J-GAAP
Mar - May, 2024 47,542 880 1,238 681 10.5 1.9 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 51,771 2,833 2,730 1,532 23.7 5.5 Oct 9, 2024 J-GAAP
YoY +9.3% +11.0% +0.9% -17.4% -17.4%

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