ISHIZUKA GLASS CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 33%

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Thu Oct 24, 2024 1:00 pm JST Earnings

5204 ISHIZUKA GLASS CO.,LTD. 【J-GAAP】

Earnings Report

ISHIZUKA GLASS CO.,LTD. <5204> [TSE-S] announced its financial results in the afternoon session on October 24th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 14.6% from the same period last year to 2.76 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 33.3%, from the previous forecast of 2.1 billion yen to 2.8 billion yen (compared to 5.36 billion yen in the previous period), and the declining rate is expected to decrease from 60.8% to 47.8%.

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 October to March period (second half) is expected to significant drop by 98.5% from the same period last year to 32 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.35 billion yen, a 19.6% decrease compared to the same period last year. The operating profit margin decreased from 10.5% in the same period last year to 8.2%.

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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
Apr - Sep, 2022	29,413	1,563	1,858	126	30.3	80.2	Oct 24, 2022	J-GAAP
Apr - Sep, 2023	29,855	3,198	3,240	2,461	589.8	60.4	Oct 25, 2023	J-GAAP
Apr - Sep, 2024	28,823	2,505	2,768	1,944	466.3	98.9	Oct 24, 2024	J-GAAP
YoY	-3.5%	-21.7%	-14.6%	-21.0%	-20.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	－	Apr 25, 2024	J-GAAP
Apr - Sep, 2024 Results	28,823	2,505	2,768	1,944	466.3	－	Oct 24, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	57,000	2,500	2,100	1,700	407.6	60	Apr 25, 2024	J-GAAP
Mar, 2025 New	57,000	2,800	2,800	2,100	503.5	60	Oct 24, 2024	J-GAAP
Revision Rate	0.0%	+12.0%	+33.3%	+23.5%	+23.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	28,027	2,258	2,122	2,246	538.8	60	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	28,177	295	32	156	37.4	60	Oct 24, 2024	J-GAAP
YoY	+0.5%	-86.9%	-98.5%	-93.1%	-93.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	56,749	2,210	2,317	252	60.3	35	Apr 26, 2023	J-GAAP
Mar, 2024	57,882	5,456	5,362	4,707	1,129.2	60	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	57,000	2,800	2,800	2,100	503.5	60	Oct 24, 2024	J-GAAP
YoY	-1.5%	-48.7%	-47.8%	-55.4%	-55.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	14,877	1,558	1,681	1,343	321.9	10.5	Oct 25, 2023	J-GAAP
Oct - Dec, 2023	15,059	1,734	1,771	1,564	375.3	11.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	12,968	524	351	682	163.6	4.0	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	14,300	1,320	1,417	971	232.9	9.2	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	14,523	1,185	1,351	973	233.4	8.2	Oct 24, 2024	J-GAAP
YoY	-2.4%	-23.9%	-19.6%	-27.6%	-27.5%