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BOURBON CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 26% Increase, Highest in Seven Terms

Wed Oct 30, 2024 3:15 pm JST Earnings

2208 BOURBON CORPORATION 【J-GAAP】

Earnings Report

BOURBON CORPORATION <2208> [TSE-S] announced its financial results after the market closed on October 30th (15:15). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.2 times that of the same period last year, reaching 2.05 billion yen, exceeded the previous forecast of 1.6 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 28.6%, from the previous forecast of 4.2 billion yen to 5.4 billion yen (compared to 4.28 billion yen in the previous period), reaches new record high for the first time in seven terms, turning to a 26.1% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 8.0% from the same period last year to 3.34 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 139 million yen (compared to a loss of 229 million yen in the same period last year). The operating profit/loss margin significantly improved from -1.6% in the same period last year to 1.9%.

Kabutan News

Actual Performance and Financial Trends

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
42,920M -275M 219M 122M 5.1 11.9 Oct 28, 2022 J-GAAP
Apr - Sep, 2023
46,162M 323M 647M 458M 19.1 15.1 Oct 27, 2023 J-GAAP
Apr - Sep, 2024
51,281M 2,060M 2,055M 1,721M 71.7 38.1 Oct 30, 2024 J-GAAP
YoY +11.1% +537.8% +217.6% +275.8% +275.2%
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 49,300M 1,300M 1,600M 1,200M 50.0 18.50 Jul 30, 2024 J-GAAP
Apr - Sep, 2024 Results 51,281M 2,060M 2,055M 1,721M 71.7 18.50 Oct 30, 2024 J-GAAP
Revision Rate +4.0% +58.5% +28.4% +43.4% +43.5%

Guidance Update

Full Year Update
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Mar, 2025 Prev 108,300M 4,100M 4,200M 3,100M 128.2 37 Apr 26, 2024 J-GAAP
Mar, 2025 New 111,300M 5,400M 5,400M 3,800M 157.2 37 Oct 30, 2024 J-GAAP
Revision Rate +2.8% +31.7% +28.6% +22.6% +22.6%

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
57,555M 3,487M 3,636M 2,613M 108.8 13.50 Apr 26, 2024 J-GAAP
Guidance
Oct - Mar, 2024
60,019M 3,340M 3,345M 2,079M 86.0 18.50 Oct 30, 2024 J-GAAP
YoY +4.3% -4.2% -8.0% -20.4% -21.0%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Mar, 2023
97,383M 1,613M 1,838M 1,096M 45.6 26 Apr 28, 2023 J-GAAP
Mar, 2024
103,717M 3,810M 4,283M 3,071M 127.9 27 Apr 26, 2024 J-GAAP
Guidance
Mar, 2025
111,300M 5,400M 5,400M 3,800M 157.2 37 Oct 30, 2024 J-GAAP
YoY +7.3% +41.7% +26.1% +23.7% +22.9%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Jul - Sep, 2023
21,312M -347M -229M -75M -3.1 -1.6 Oct 27, 2023 J-GAAP
Oct - Dec, 2023
29,113M 1,644M 1,570M 1,149M 47.9 5.6 Jan 30, 2024 J-GAAP
Jan - Mar, 2024
28,442M 1,843M 2,066M 1,464M 61.0 6.5 Apr 26, 2024 J-GAAP
Apr - Jun, 2024
27,085M 1,609M 1,916M 1,518M 63.2 5.9 Jul 30, 2024 J-GAAP
Jul - Sep, 2024
24,196M 451M 139M 203M 8.5 1.9 Oct 30, 2024 J-GAAP
YoY +13.5%