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IZUTSUYA CO.,LTD., First Half Ordinary Profit Decreases by 60%, June-Augus Ordinary Profit Turns to Loss

Fri Oct 11, 2024 3:00 pm JST Earnings

8260 IZUTSUYA CO.,LTD. 【J-GAAP】

Earnings Report

IZUTSUYA CO.,LTD. <8260> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) significantly dropped by 60.0% from the same period last year to 185 million yen. The progress rate against the 800 million yen full-year plan was 23.1%, also falling below the five-year average of 47.6%.

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 27.1% from the same period last year, reaching 615 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit/loss turned to a loss of 1 million yen (compared to a profit of 157 million yen in the same period last year). However, the operating profit margin improved from 3.1% in the same period last year to 3.8%.

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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 11,164 707 646 811 70.9 60.1 Oct 13, 2022 J-GAAP
Mar - Aug, 2023 10,905 477 463 460 40.3 48.9 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 10,928 434 185 201 17.8 23.1 Oct 11, 2024 J-GAAP
YoY +0.2% -9.0% -60.0% -56.3% -55.7%

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 ー ー ー ー － － Apr 10, 2024 J-GAAP
Mar - Aug, 2024 Results 10,928 434 185 201 17.8 － Oct 11, 2024 J-GAAP
Revision Rate － － － － －

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 11,616 521 484 506 44.5 5 Apr 10, 2024 J-GAAP
Sep - Feb, 2024 Guidance 11,772 466 615 599 53.0 6 Oct 11, 2024 J-GAAP
YoY +1.3% -10.6% +27.1% +18.4% +19.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 22,573 1,177 1,075 1,019 89.0 5 Apr 12, 2023 J-GAAP
Feb, 2024 22,521 998 947 966 85.0 5 Apr 10, 2024 J-GAAP
Feb, 2025 Guidance 22,700 900 800 800 70.7 6 Apr 10, 2024 J-GAAP
YoY +0.8% -9.8% -15.5% -17.2% -16.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 5,668 177 157 147 12.9 3.1 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 5,276 50 1 -16 -1.4 0.9 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 6,340 471 483 522 45.9 7.4 Apr 10, 2024 J-GAAP
Mar - May, 2024 5,227 218 186 196 17.4 4.2 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 5,701 216 -1 5 0.4 3.8 Oct 11, 2024 J-GAAP
YoY +0.6% +22.0% － -96.6% -96.6%

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