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

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%

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