BOURBON CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 26% Increase, Highest in Seven Terms
2208 BOURBON CORPORATION 【J-GAAP】
Earnings ReportBOURBON 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
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
42,920M | -275M | 219M | 122M | 5.1 | 11.9 | Oct 28, 2022 | J-GAAP |
|
|
46,162M | 323M | 647M | 458M | 19.1 | 15.1 | Oct 27, 2023 | J-GAAP |
|
|
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% |
| 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
| 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
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
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% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
97,383M | 1,613M | 1,838M | 1,096M | 45.6 | 26 | Apr 28, 2023 | J-GAAP |
|
|
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 |
|---|---|---|---|---|---|---|---|---|
|
|
21,312M | -347M | -229M | -75M | -3.1 | -1.6 | Oct 27, 2023 | J-GAAP |
|
|
29,113M | 1,644M | 1,570M | 1,149M | 47.9 | 5.6 | Jan 30, 2024 | J-GAAP |
|
|
28,442M | 1,843M | 2,066M | 1,464M | 61.0 | 6.5 | Apr 26, 2024 | J-GAAP |
|
|
27,085M | 1,609M | 1,916M | 1,518M | 63.2 | 5.9 | Jul 30, 2024 | J-GAAP |
|
|
24,196M | 451M | 139M | 203M | 8.5 | 1.9 | Oct 30, 2024 | J-GAAP |
| YoY | +13.5% | - | - | - | - |
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