ITOCHU ENEX CO.,LTD., July-September (2Q) Net Income Increases by 10%

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Thu Oct 31, 2024 1:00 pm JST Earnings

8133 ITOCHU ENEX CO.,LTD. 【IFRS】

Earnings Report

ITOCHU ENEX CO.,LTD. <8133> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on October 31st (13:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.1% from the same period last year to 7.83 billion yen. However, The progress rate against the 13.5 billion yen full-year plan was 58.1%, also surpassing the five-year average of 50.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 13.9% from the same period last year, reaching 5.66 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 9.9% from the same period last year, reaching 4.15 billion yen. The operating profit margin improved from 2.8% in the same period last year to 3.2%.

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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	499,522	10,830	11,771	6,939	61.5	51.1	Oct 31, 2022	IFRS
Apr - Sep, 2023	455,635	15,885	15,430	8,917	79.0	62.5	Oct 31, 2023	IFRS
Apr - Sep, 2024	437,224	12,680	13,562	7,837	69.5	60.8	Oct 31, 2024	IFRS
YoY	-4.0%	-20.2%	-12.1%	-12.1%	-12.1%

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	ー	ー	ー	ー	－	28	Apr 30, 2024	IFRS
Apr - Sep, 2024 Results	437,224	12,680	13,562	7,837	69.5	28	Oct 31, 2024	IFRS
Revision Rate	－	－	－	－	－

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	507,667	7,702	9,257	4,970	44.0	28	Apr 30, 2024	IFRS
Oct - Mar, 2024 Guidance	ー	8,820	8,738	5,663	50.2	28	Oct 31, 2024	IFRS
YoY	－	+14.5%	-5.6%	+13.9%	+14.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,012,018	21,368	23,036	13,832	122.5	50	Apr 28, 2023	IFRS
Mar, 2024	963,302	23,587	24,687	13,887	123.0	54	Apr 30, 2024	IFRS
Mar, 2025 Guidance	ー	21,500	22,300	13,500	119.7	56	Apr 30, 2024	IFRS
YoY	－	-8.8%	-9.7%	-2.8%	-2.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	240,892	6,639	6,911	3,778	33.5	2.8	Oct 31, 2023	IFRS
Oct - Dec, 2023	253,739	6,605	7,412	4,319	38.3	2.6	Jan 31, 2024	IFRS
Jan - Mar, 2024	253,928	1,097	1,845	651	5.8	0.4	Apr 30, 2024	IFRS
Apr - Jun, 2024	211,030	5,415	6,031	3,686	32.7	2.6	Jul 31, 2024	IFRS
Jul - Sep, 2024	226,194	7,265	7,531	4,151	36.8	3.2	Oct 31, 2024	IFRS
YoY	-6.1%	+9.4%	+9.0%	+9.9%	+9.9%