ICHISHIN HOLDINGS CO., LTD., First Half Ordinary Profit Decreases by 14%, June-Augus Ordinary Profit Decreases by 8%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Oct 11, 2024 4:00 pm JST Earnings

4645 ICHISHIN HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

ICHISHIN HOLDINGS CO., LTD. <4645> [TSE-S] announced its financial results after the market closed on October 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 13.8% from the same period last year to 362 million yen. The progress rate against the 765 million yen full-year plan was 47.3%, also falling below the five-year average of 59.2%.

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 18.2% from the same period last year, reaching 403 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 678 million yen, a 7.9% decrease compared to the same period last year. The operating profit margin decreased from 15.2% in the same period last year to 14.1%.

Kabutan News

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	8,523	506	427	320	31.6	58.2	Oct 11, 2022	J-GAAP
Mar - Aug, 2023	8,860	537	420	250	25.2	55.2	Oct 10, 2023	J-GAAP
Mar - Aug, 2024	9,120	493	362	236	24.8	47.3	Oct 11, 2024	J-GAAP
YoY	+2.9%	-8.2%	-13.8%	-5.6%	-1.7%

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	－	0	Apr 9, 2024	J-GAAP
Mar - Aug, 2024 Results	9,120	493	362	236	24.8	0	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	9,088	404	341	113	11.4	10	Apr 9, 2024	J-GAAP
Sep - Feb, 2024 Guidance	9,239	478	403	129	15.8	10	Oct 11, 2024	J-GAAP
YoY	+1.7%	+18.3%	+18.2%	+14.2%	+39.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	17,292	894	734	365	36.2	10	Apr 11, 2023	J-GAAP
Feb, 2024	17,948	941	761	363	36.6	10	Apr 9, 2024	J-GAAP
Feb, 2025 Guidance	18,359	971	765	365	44.8	10	Apr 9, 2024	J-GAAP
YoY	+2.3%	+3.2%	+0.5%	+0.6%	+22.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	5,082	772	736	415	41.9	15.2	Oct 10, 2023	J-GAAP
Sep - Nov, 2023	4,128	-110	-148	-117	-11.8	-2.7	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	4,960	514	489	230	23.2	10.4	Apr 9, 2024	J-GAAP
Mar - May, 2024	3,966	-235	-316	-222	-22.4	-5.9	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	5,154	728	678	458	48.2	14.1	Oct 11, 2024	J-GAAP
YoY	+1.4%	-5.7%	-7.9%	+10.4%	+14.9%