kabutan

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

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%.

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 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%

Related Articles