ESLEAD CORPORATION, First Half Ordinary Profit Increases by 72%, Current Fiscal Year Dividend Revised Upward by 10 yen

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Thu Oct 31, 2024 1:00 pm JST Earnings

8877 ESLEAD CORPORATION 【J-GAAP】

Earnings Report

ESLEAD CORPORATION <8877> [TSE-P] announced its financial results in the afternoon session on October 31st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 9.9 billion yen, an increase of 71.7% compared to the same period last year. The progress rate against the 13.7 billion yen full-year plan was 72.3%, also surpassing the five-year average of 33.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 32.0% from the same period last year to 3.79 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 170 yen to 180 yen (compared to 150 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.68 billion yen, a 22.7% decrease compared to the same period last year. The operating profit margin decreased from 11.9% in the same period last year to 11.1%.

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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	27,554	2,274	2,235	1,400	90.8	23.9	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	36,257	5,872	5,771	3,663	237.4	50.9	Oct 26, 2023	J-GAAP
Apr - Sep, 2024	57,385	10,173	9,909	6,399	414.8	72.3	Oct 31, 2024	J-GAAP
YoY	+58.3%	+73.2%	+71.7%	+74.7%	+74.7%

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	62,000	10,300	10,000	6,200	401.8	85	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	57,385	10,173	9,909	6,399	414.8	85	Oct 31, 2024	J-GAAP
Revision Rate	-7.4%	-1.2%	-0.9%	+3.2%	+3.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	98,500	14,200	13,700	8,700	563.9	170	May 10, 2024	J-GAAP
Mar, 2025 New	98,500	14,200	13,700	8,700	563.9	180	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	44,029	5,759	5,575	3,855	249.9	90	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	41,115	4,027	3,791	2,301	149.1	95	Oct 31, 2024	J-GAAP
YoY	-6.6%	-30.1%	-32.0%	-40.3%	-40.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	79,913	9,481	9,368	6,147	398.4	90	May 12, 2023	J-GAAP
Mar, 2024	80,286	11,631	11,346	7,518	487.3	150	May 10, 2024	J-GAAP
Mar, 2025 Guidance	98,500	14,200	13,700	8,700	563.9	180	Oct 31, 2024	J-GAAP
YoY	+22.7%	+22.1%	+20.7%	+15.7%	+15.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	18,845	2,242	2,176	1,518	98.4	11.9	Oct 26, 2023	J-GAAP
Oct - Dec, 2023	20,949	2,564	2,508	1,561	101.2	12.2	Jan 26, 2024	J-GAAP
Jan - Mar, 2024	23,080	3,195	3,067	2,294	148.7	13.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	40,985	8,348	8,226	5,088	329.8	20.4	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	16,400	1,825	1,683	1,311	85.0	11.1	Oct 31, 2024	J-GAAP
YoY	-13.0%	-18.6%	-22.7%	-13.6%	-13.6%