Eco's Co.,Ltd., First Half Ordinary Profit Increases by 14%, June-Augus Ordinary Profit Increases by 9%

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Tue Oct 15, 2024 3:00 pm JST Earnings

7520 Eco's Co.,Ltd. 【J-GAAP】

Earnings Report

Eco's Co.,Ltd. <7520> [TSE-P] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 14.0% from the same period last year, reaching 3.32 billion yen. The progress rate against the 5.55 billion yen full-year plan was 59.8%, also surpassing the five-year average of 51.5%.

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 26.1% from the same period last year to 2.23 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 9.5% from the same period last year, reaching 1.76 billion yen. The operating profit margin remained almost flat, changing from 4.7% in the same period last year to 5.0%.

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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	63,747	2,290	2,358	1,288	114.4	52.1	Oct 11, 2022	J-GAAP
Mar - Aug, 2023	64,218	2,810	2,912	1,979	177.4	49.1	Oct 10, 2023	J-GAAP
Mar - Aug, 2024	67,009	3,171	3,320	2,239	199.8	59.8	Oct 15, 2024	J-GAAP
YoY	+4.3%	+12.8%	+14.0%	+13.1%	+12.6%

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	65,000	2,950	2,950	2,000	178.3	0	Apr 15, 2024	J-GAAP
Mar - Aug, 2024 Results	67,009	3,171	3,320	2,239	199.8	0	Oct 15, 2024	J-GAAP
Revision Rate	+3.1%	+7.5%	+12.5%	+12.0%	+12.0%

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	65,821	2,904	3,016	1,599	143.2	60	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	64,991	2,379	2,230	1,361	121.3	60	Oct 15, 2024	J-GAAP
YoY	-1.3%	-18.1%	-26.1%	-14.9%	-15.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	122,749	4,375	4,522	1,610	143.9	55	Apr 11, 2023	J-GAAP
Feb, 2024	130,039	5,714	5,928	3,578	320.5	60	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	132,000	5,550	5,550	3,600	321.0	60	Apr 15, 2024	J-GAAP
YoY	+1.5%	-2.9%	-6.4%	+0.6%	+0.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	33,032	1,563	1,615	1,101	98.7	4.7	Oct 10, 2023	J-GAAP
Sep - Nov, 2023	32,910	1,270	1,320	875	78.4	3.9	Jan 9, 2024	J-GAAP
Dec - Feb, 2023	32,911	1,634	1,696	724	64.9	5.0	Apr 15, 2024	J-GAAP
Mar - May, 2024	33,075	1,485	1,552	1,047	93.5	4.5	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	33,934	1,686	1,768	1,192	106.4	5.0	Oct 15, 2024	J-GAAP
YoY	+2.7%	+7.9%	+9.5%	+8.3%	+7.7%