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ESTIC CORPORATION, First Half Ordinary Profit Revised Downward to an Unexpected 5%Decrease

Tue Oct 29, 2024 3:00 pm JST Earnings

6161 ESTIC CORPORATION 【J-GAAP】

Earnings Report

ESTIC CORPORATION <6161> [TSE-S] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.1% from the same period last year to 655 million yen, resulting in a decrease in profits compared to the previous forecast of a 2.0% increase.

The progress rate against the 1.63 billion yen full-year plan was 40.0%, also falling below the five-year average of 48.6%.

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 grow by 14.2% from the same period last year, reaching 982 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 22.2% from the same period last year, reaching 496 million yen. However, the operating profit margin decreased from 23.1% in the same period last year to 18.3%.

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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 2,816 541 575 358 36.1 37.5 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 3,251 659 690 476 47.9 44.5 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 3,778 623 655 439 44.2 40.0 Oct 29, 2024 J-GAAP
YoY +16.2% -5.5% -5.1% -7.8% -7.8%

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 3,780 697 704 493 49.6 0 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 3,778 623 655 439 44.2 0 Oct 29, 2024 J-GAAP
Revision Rate -0.1% -10.6% -7.0% -11.0% -10.9%

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 3,876 831 860 657 66.1 25 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,098 997 982 707 71.0 27 Oct 29, 2024 J-GAAP
YoY +5.7% +20.0% +14.2% +7.6% +7.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,718 1,484 1,534 1,079 108.7 23 Apr 28, 2023 J-GAAP
Mar, 2024 7,127 1,490 1,550 1,133 114.0 25 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 7,876 1,620 1,637 1,146 115.1 27 Apr 26, 2024 J-GAAP
YoY +10.5% +8.7% +5.6% +1.1% +1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,689 391 406 284 28.6 23.1 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 1,549 367 400 285 28.7 23.7 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 2,327 464 460 372 37.4 19.9 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 1,275 164 159 97 9.8 12.9 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 2,503 459 496 342 34.4 18.3 Oct 29, 2024 J-GAAP
YoY +48.2% +17.4% +22.2% +20.4% +20.4%

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