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B-R 31 ICE CREAM CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 13%

Fri Oct 18, 2024 3:00 pm JST Earnings

2268 B-R 31 ICE CREAM CO.,LTD. 【J-GAAP】

Earnings Report

B-R 31 ICE CREAM CO.,LTD. <2268> [TSE-S] announced its financial results after the market closed on October 18th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 2.67 billion yen, an increase of 35.4% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 12.8%, from the previous forecast of 1.96 billion yen to 2.21 billion yen (compared to 1.86 billion yen in the previous period), increasing the growth rate from 5.4% to 18.8%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has been revised upward by 59.2%, from the previous forecast of 422 million yen to 672 million yen (compared to 1.01 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 58.4% to 33.7%.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit amounted to 1.13 billion yen, an increase of 0.7% compared to the same period last year. However, the operating profit margin decreased from 15.0% in the same period last year to 13.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 16,663 1,917 1,915 1,258 130.6 113.2 Oct 21, 2022 J-GAAP
Jan - Sep, 2023 18,810 1,937 1,976 1,281 133.0 106.2 Oct 20, 2023 J-GAAP
Jan - Sep, 2024 23,138 2,692 2,676 1,705 177.0 121.1 Oct 18, 2024 J-GAAP
YoY +23.0% +39.0% +35.4% +33.1% +33.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 12,302 409 422 258 26.8 20 Jul 19, 2024 J-GAAP
Jul - Dec, 2024 New 14,952 679 672 378 39.2 20 Oct 18, 2024 J-GAAP
Revision Rate +21.5% +66.0% +59.2% +46.5% +46.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 26,500 1,930 1,960 1,240 128.7 40 Feb 9, 2024 J-GAAP
Dec, 2024 New 29,150 2,200 2,210 1,360 141.1 40 Oct 18, 2024 J-GAAP
Revision Rate +10.0% +14.0% +12.8% +9.7% +9.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 13,498 1,023 1,014 645 67.0 20 Feb 9, 2024 J-GAAP
Jul - Dec, 2024 Guidance 14,952 679 672 378 39.2 20 Oct 18, 2024 J-GAAP
YoY +10.8% -33.6% -33.7% -41.4% -41.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 22,038 1,709 1,691 1,232 128.0 30 Feb 10, 2023 J-GAAP
Dec, 2023 24,760 1,828 1,860 1,201 124.7 40 Feb 9, 2024 J-GAAP
Dec, 2024 Guidance 29,150 2,200 2,210 1,360 141.1 40 Oct 18, 2024 J-GAAP
YoY +17.7% +20.4% +18.8% +13.2% +13.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,548 1,132 1,130 725 75.3 15.0 Oct 20, 2023 J-GAAP
Oct - Dec, 2023 5,950 -109 -116 -80 -8.3 -1.8 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,563 273 277 163 16.9 4.9 Apr 19, 2024 J-GAAP
Apr - Jun, 2024 8,635 1,248 1,261 819 85.0 14.5 Jul 19, 2024 J-GAAP
Jul - Sep, 2024 8,940 1,171 1,138 723 75.1 13.1 Oct 18, 2024 J-GAAP
YoY +18.4% +3.4% +0.7% -0.3% -0.3%

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