ItoKuro Inc., The Current Fiscal Year Net Income Turns to Profit, Exceeds Expectations

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Fri Oct 18, 2024 3:30 pm JST Revision

6049 ItoKuro Inc. 【J-GAAP】

Guidance Update Report

ItoKuro Inc. <6049> [TSE-G] announced a performance revision after the market closed on October 18th (15:30). The net income (non-consolidated) for the fiscal year ending October 2024 has been revised upward from an expected loss of 85 million yen to a profit of 90 million yen (compared to a profit of 285 million yen in the previous period), turning to a profit.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the May to October period (second half) net income is expected to increase by 6.8 times, from the previous forecast of 30 million yen to 205 million yen (compared to 5 million yen in the same period of the previous year), increasing the growth rate from 6.0 times to 41 times.

Note: In cases where performance forecasts are disclosed within a range, the article is created based on the midpoint of the range.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2024 Prev	2,000	64	75	30	1.5	0	Jun 7, 2024	J-GAAP
May - Oct, 2024 New	2,000	64	75	205	10.1	0	Oct 18, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+583.3%	+583.1%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2024 Prev	4,100	-100	-70	-85	-4.2	0	Jun 7, 2024	J-GAAP
Oct, 2024 New	4,100	-100	-70	90	4.4	0	Oct 18, 2024	J-GAAP
Revision Rate	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
May - Oct, 2023	1,866	35	37	5	0.3	0	Dec 8, 2023	J-GAAP
May - Oct, 2024 Guidance	2,000	64	75	205	10.1	0	Oct 18, 2024	J-GAAP
YoY	+7.2%	+82.9%	+102.7%	+4,000.0%	+3,944.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	3,955	-197	-202	-337	-16.5	0	Dec 9, 2022	J-GAAP
Oct, 2023	3,941	387	391	285	14.1	0	Dec 8, 2023	J-GAAP
Oct, 2024 Guidance	4,100	-100	-70	90	4.4	0	Oct 18, 2024	J-GAAP
YoY	+4.0%	－	－	-68.4%	-68.5%