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e'grand Co.,Ltd, First Half Ordinary Profit Decreases by 41%, July-September Ordinary Profit Decreases by 14%

Thu Oct 31, 2024 3:00 pm JST Earnings

3294 e'grand Co.,Ltd 【J-GAAP】

Earnings Report

e'grand Co.,Ltd <3294> [TSE-S] announced its financial results after the market closed on October 31st (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 41.2% from the same period last year to 553 million yen. The progress rate against the 1.5 billion yen full-year plan was 36.9%, also falling below the five-year average of 52.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 4.8% from the same period last year, reaching 947 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 539 million yen, a 13.8% decrease compared to the same period last year. The operating profit margin worsened from 9.6% in the same period last year to 7.1%.

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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 14,804 1,877 1,781 1,233 201.4 72.5 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 13,194 1,045 941 649 106.9 51.0 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 13,650 667 553 381 62.7 36.9 Oct 31, 2024 J-GAAP
YoY +3.5% -36.2% -41.2% -41.3% -41.3%

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 14,280 715 600 415 68.1 41 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 13,650 667 553 381 62.7 41 Oct 31, 2024 J-GAAP
Revision Rate -4.4% -6.7% -7.8% -8.2% -7.9%

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 14,127 968 904 615 101.2 40 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 16,350 1,063 947 654 107.3 41 Oct 31, 2024 J-GAAP
YoY +15.7% +9.8% +4.8% +6.3% +6.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 25,785 2,644 2,455 1,744 285.9 79 May 10, 2023 J-GAAP
Mar, 2024 27,321 2,013 1,845 1,264 208.1 80 May 10, 2024 J-GAAP
Mar, 2025 Guidance 30,000 1,730 1,500 1,035 169.9 82 May 10, 2024 J-GAAP
YoY +9.8% -14.1% -18.7% -18.1% -18.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,087 680 625 432 71.2 9.6 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 5,801 201 146 102 16.8 3.5 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 8,326 767 758 513 84.5 9.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,072 62 14 7 1.2 1.2 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 8,578 605 539 374 61.6 7.1 Oct 31, 2024 J-GAAP
YoY +21.0% -11.0% -13.8% -13.4% -13.5%

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