BIC CAMERA INC., 6% Increase in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 9 yen, This Fiscal Year to Increase Dividend by 3 yen

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Fri Oct 11, 2024 3:00 pm JST Earnings

3048 BIC CAMERA INC. 【J-GAAP】

Earnings Report

BIC CAMERA INC. <3048> [TSE-P] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the fiscal year ending August 2024 expanded to 61.0% from the previous period to 26.6 billion yen. For the fiscal year ending August 2025, the profit is expected to grow by 6.5% to 28.4 billion yen. This will be the third consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 24 yen to 33 yen (compared to 15 yen in the prior term), and has decided to increase the dividend this fiscal year to 36 yen, an increase of 3 yen from the previous fiscal year.

In the most recent three-month period, from June to August (4Q), the consolidated ordinary profit increased by 42.8% from the same period last year, reaching 5.95 billion yen. The operating profit margin improved from 1.6% in the same period last year to 2.2%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2022	792,368	17,863	20,808	5,765	33.2	15	Oct 12, 2022	J-GAAP
Aug, 2023	815,560	14,215	16,566	2,936	17.2	15	Oct 11, 2023	J-GAAP
Aug, 2024	922,572	24,388	26,674	13,908	81.3	33	Oct 11, 2024	J-GAAP
YoY	+13.1%	+71.6%	+61.0%	+373.7%	+373.5%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	916,000	22,500	24,600	10,000	58.4	24	Jul 12, 2024	J-GAAP
Aug, 2024 Results	922,572	24,388	26,674	13,908	81.3	33	Oct 11, 2024	J-GAAP
Revision Rate	+0.7%	+8.4%	+8.4%	+39.1%	+39.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	447,524	9,754	10,963	5,554	32.5	9	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	469,500	10,500	11,500	6,400	37.4	16	Oct 11, 2024	J-GAAP
YoY	+4.9%	+7.6%	+4.9%	+15.2%	+15.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	815,560	14,215	16,566	2,936	17.2	15	Oct 11, 2023	J-GAAP
Aug, 2024	922,572	24,388	26,674	13,908	81.3	33	Oct 11, 2024	J-GAAP
Aug, 2025 Guidance	952,000	26,500	28,400	15,200	88.8	36	Oct 11, 2024	J-GAAP
YoY	+3.2%	+8.7%	+6.5%	+9.3%	+9.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	203,075	3,313	4,169	-1,681	-9.8	1.6	Oct 11, 2023	J-GAAP
Sep - Nov, 2023	210,491	2,546	3,077	1,312	7.7	1.2	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	237,033	7,208	7,886	4,242	24.8	3.0	Apr 12, 2024	J-GAAP
Mar - May, 2024	240,154	9,440	9,756	5,000	29.2	3.9	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	234,894	5,194	5,955	3,354	19.6	2.2	Oct 11, 2024	J-GAAP
YoY	+15.7%	+56.8%	+42.8%	－	－