ISB CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 2%

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Wed Oct 30, 2024 3:00 pm JST Earnings

9702 ISB CORPORATION 【J-GAAP】

Earnings Report

ISB CORPORATION <9702> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 2.19 billion yen, a 2.3% increase compared to the same period last year. The progress rate against the 2.55 billion yen full-year plan was 86.0%, also surpassing the five-year average of 73.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to drop by 46.3% from the same period last year to 358 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 623 million yen, a 22.4% decrease compared to the same period last year. The operating profit margin worsened from 9.5% in the same period last year to 7.4%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	21,426	1,722	1,762	1,049	92.3	73.4	Oct 31, 2022	J-GAAP
Jan - Sep, 2023	24,073	2,093	2,143	1,241	108.9	76.3	Oct 30, 2023	J-GAAP
Jan - Sep, 2024	25,038	2,153	2,192	1,550	135.7	86.0	Oct 30, 2024	J-GAAP
YoY	+4.0%	+2.9%	+2.3%	+24.9%	+24.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	16,469	1,419	1,470	710	62.3	42	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	17,027	933	981	500	43.7	46	Jul 30, 2024	J-GAAP
YoY	+3.4%	-34.2%	-33.3%	-29.6%	-29.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	28,952	2,319	2,401	1,423	125.1	40	Feb 28, 2023	J-GAAP
Dec, 2023	32,388	2,734	2,810	1,472	129.1	42	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	33,700	2,470	2,550	1,620	141.6	46	Apr 30, 2024	J-GAAP
YoY	+4.1%	-9.7%	-9.3%	+10.1%	+9.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,154	778	803	479	42.0	9.5	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	8,315	641	667	231	20.3	7.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	8,531	1,105	1,132	760	66.6	13.0	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	8,142	432	437	360	31.5	5.3	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	8,365	616	623	430	37.6	7.4	Oct 30, 2024	J-GAAP
YoY	+2.6%	-20.8%	-22.4%	-10.2%	-10.4%