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YELLOW HAT LTD., First Half Ordinary Profit Revised Downward to an Unexpected 2%Decrease

Thu Oct 31, 2024 3:00 pm JST Earnings

9882 YELLOW HAT LTD. 【J-GAAP】

Earnings Report

YELLOW HAT LTD. <9882> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 5.92 billion yen, a 1.5% decrease compared to the same period last year, resulting in a decrease in profits compared to the previous forecast of a 1.5% increase.

The progress rate against the 16.4 billion yen full-year plan was 36.1%, also falling below the five-year average of 39.7%.

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 grow by 5.3% from the same period last year, reaching 10.4 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 2.45 billion yen, an increase of 0.5% compared to the same period last year. The operating profit margin improved from 6.0% in the same period last year to 6.5%.

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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 66,392 5,849 6,262 4,216 45.7 38.4 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 66,975 5,235 6,012 4,067 44.0 37.7 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 69,291 5,353 5,920 3,969 42.9 36.1 Oct 31, 2024 J-GAAP
YoY +3.5% +2.3% -1.5% -2.4% -2.5%

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 68,000 5,500 6,100 4,200 45.4 17.50 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 69,291 5,353 5,920 3,969 42.9 17.50 Oct 31, 2024 J-GAAP
Revision Rate +1.9% -2.7% -3.0% -5.5% -5.5%

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 79,666 9,240 9,952 6,192 67.0 16.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 80,709 9,647 10,480 6,531 73.7 17.50 Oct 31, 2024 J-GAAP
YoY +1.3% +4.4% +5.3% +5.5% +10.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 147,157 15,250 16,305 10,665 115.5 31 May 9, 2023 J-GAAP
Mar, 2024 146,641 14,475 15,964 10,259 111.0 33 May 10, 2024 J-GAAP
Mar, 2025 Guidance 150,000 15,000 16,400 10,500 118.5 35 May 10, 2024 J-GAAP
YoY +2.3% +3.6% +2.7% +2.3% +6.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 32,672 1,967 2,444 1,654 17.9 6.0 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 46,579 6,731 7,178 4,909 53.1 14.5 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 33,087 2,509 2,774 1,283 13.9 7.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 34,672 3,117 3,463 2,256 24.4 9.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 34,619 2,236 2,457 1,713 18.5 6.5 Oct 31, 2024 J-GAAP
YoY +6.0% +13.7% +0.5% +3.6% +3.5%

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