IDOM Inc., First Half Ordinary Profit Increases by 39%, June-Augus Ordinary Profit Increases by 25%

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Tue Oct 15, 2024 3:00 pm JST Earnings

7599 IDOM Inc. 【J-GAAP】

Earnings Report

IDOM Inc. <7599> [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) expanded to 9.6 billion yen, an increase of 38.8% compared to the same period last year. The progress rate against the 19.8 billion yen full-year plan was 48.5%, exceeding the five-year average of 45.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 14.5% from the same period last year, reaching 10.1 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 25.3% from the same period last year, reaching 5.28 billion yen. The operating profit margin remained almost flat, changing from 4.4% in the same period last year to 4.5%.

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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	225,478	8,616	8,280	7,516	74.9	45.6	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	203,696	7,098	6,918	4,823	48.0	43.7	Oct 13, 2023	J-GAAP
Mar - Aug, 2024	249,651	10,083	9,603	6,485	64.6	48.5	Oct 15, 2024	J-GAAP
YoY	+22.6%	+42.1%	+38.8%	+34.5%	+34.5%

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	223,200	10,100	9,850	6,700	66.7	20.02	Apr 12, 2024	J-GAAP
Mar - Aug, 2024 Results	249,651	10,083	9,603	6,485	64.6	19.38	Oct 15, 2024	J-GAAP
Revision Rate	+11.9%	-0.2%	-2.5%	-3.2%	-3.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	456,500	20,300	19,800	13,600	135.5	40.63	Apr 12, 2024	J-GAAP
Feb, 2025 New	500,000	20,300	19,800	13,600	135.5	40.63	Oct 15, 2024	J-GAAP
Revision Rate	+9.5%	0.0%	0.0%	0.0%	0.0%

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	216,156	9,019	8,908	6,619	65.9	19.78	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	250,349	10,217	10,197	7,115	70.9	21.25	Oct 15, 2024	J-GAAP
YoY	+15.8%	+13.3%	+14.5%	+7.5%	+7.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	416,514	18,684	18,146	14,205	141.5	42.50	Apr 14, 2023	J-GAAP
Feb, 2024	419,852	16,117	15,826	11,442	114.0	34.19	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	500,000	20,300	19,800	13,600	135.5	40.63	Oct 15, 2024	J-GAAP
YoY	+19.1%	+26.0%	+25.1%	+18.9%	+18.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	98,438	4,327	4,222	2,955	29.4	4.4	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	104,014	3,731	3,679	2,414	24.0	3.6	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	112,142	5,288	5,229	4,205	41.9	4.7	Apr 12, 2024	J-GAAP
Mar - May, 2024	124,558	4,449	4,314	2,901	28.9	3.6	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	125,093	5,634	5,289	3,584	35.7	4.5	Oct 15, 2024	J-GAAP
YoY	+27.1%	+30.2%	+25.3%	+21.3%	+21.3%