YOMEISHU SEIZO CO.,LTD., First Half Ordinary Profit Decreases by 24%

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Wed Oct 30, 2024 3:00 pm JST Earnings

2540 YOMEISHU SEIZO CO.,LTD. 【J-GAAP】

Earnings Report

YOMEISHU SEIZO CO.,LTD. <2540> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 24.3% from the same period last year to 317 million yen. The progress rate against the 770 million yen full-year plan was 41.2%, also falling below the five-year average of 53.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 14.5% from the same period last year to 453 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a profit of profit of 61 million yen (compared to a loss of 23 million yen in the same period last year). The operating profit/loss margin significantly improved from -1.7% in the same period last year to 1.9%.

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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	5,163	660	873	613	44.5	59.0	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	4,916	154	419	281	20.4	44.2	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	4,710	71	317	238	17.2	41.2	Oct 30, 2024	J-GAAP
YoY	-4.2%	-53.9%	-24.3%	-15.3%	-15.7%

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	4,710	70	310	230	16.6	－	Oct 10, 2024	J-GAAP
Apr - Sep, 2024 Results	4,710	71	317	238	17.2	－	Oct 30, 2024	J-GAAP
Revision Rate	0.0%	+1.4%	+2.3%	+3.5%	+3.6%

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	5,326	319	530	671	48.6	45	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,610	279	453	422	30.5	45	Oct 30, 2024	J-GAAP
YoY	+24.1%	-12.5%	-14.5%	-37.1%	-37.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,647	1,077	1,480	1,020	73.9	55	May 10, 2023	J-GAAP
Mar, 2024	10,242	473	949	952	68.9	45	May 10, 2024	J-GAAP
Mar, 2025 Guidance	11,320	350	770	660	47.7	45	May 10, 2024	J-GAAP
YoY	+10.5%	-26.0%	-18.9%	-30.7%	-30.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,477	-42	-23	-32	-2.3	-1.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	3,075	277	463	334	24.2	9.0	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	2,251	42	67	337	24.4	1.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,369	26	256	195	14.1	1.1	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	2,341	45	61	43	3.1	1.9	Oct 30, 2024	J-GAAP
YoY	-5.5%	－	－	－	－