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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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%