YAMANAKA CO.,LTD., First Half Ordinary Profit Decreases by 53%, July-September Ordinary Profit Decreases by 76%

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Mon Oct 28, 2024 1:00 pm JST Earnings

8190 YAMANAKA CO.,LTD. 【J-GAAP】

Earnings Report

YAMANAKA CO.,LTD. <8190> [NSE-M] announced its financial results in the afternoon session on October 28th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 52.7% from the same period last year to 192 million yen. The progress rate against the 1.2 billion yen full-year plan was 16.0%, also falling below the five-year average of 54.1%.

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 October to March period (second half) is expected to expand by 80.0% from the same period last year, reaching 1 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 67 million yen, a 76.1% decrease compared to the same period last year. The operating profit margin worsened from 1.1% in the same period last year to 0.1%.

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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	43,091	-137	-50	-76	-4.0	ー	Oct 24, 2022	J-GAAP
Apr - Sep, 2023	43,207	334	406	242	12.6	42.0	Oct 23, 2023	J-GAAP
Apr - Sep, 2024	42,527	128	192	142	7.5	16.0	Oct 28, 2024	J-GAAP
YoY	-1.6%	-61.7%	-52.7%	-41.3%	-40.6%

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	－	5	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	42,527	128	192	142	7.5	5	Oct 28, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	42,881	470	560	229	12.0	5	Apr 22, 2024	J-GAAP
Oct - Mar, 2024 Guidance	43,473	972	1,008	658	34.6	5	Oct 28, 2024	J-GAAP
YoY	+1.4%	+106.8%	+80.0%	+187.3%	+188.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	86,657	32	173	-656	-34.2	8	Apr 24, 2023	J-GAAP
Mar, 2024	86,088	804	966	471	24.6	9	Apr 22, 2024	J-GAAP
Mar, 2025 Guidance	86,000	1,100	1,200	800	42.0	10	May 10, 2024	J-GAAP
YoY	-0.1%	+36.8%	+24.2%	+69.9%	+70.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	21,857	233	280	183	9.5	1.1	Oct 23, 2023	J-GAAP
Oct - Dec, 2023	20,897	25	78	-5	-0.3	0.1	Jan 22, 2024	J-GAAP
Jan - Mar, 2024	21,984	445	482	234	12.2	2.0	Apr 22, 2024	J-GAAP
Apr - Jun, 2024	20,970	100	125	128	6.7	0.5	Jul 22, 2024	J-GAAP
Jul - Sep, 2024	21,557	28	67	14	0.7	0.1	Oct 28, 2024	J-GAAP
YoY	-1.4%	-88.0%	-76.1%	-92.3%	-92.2%