ENPLAS CORPORATION, July-September (2Q) Ordinary Profit Decreases by 43%

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Thu Oct 31, 2024 3:00 pm JST Earnings

6961 ENPLAS CORPORATION 【J-GAAP】

Earnings Report

ENPLAS CORPORATION <6961> [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 3.14 billion yen, a 1.6% increase compared to the same period last year. However, The progress rate against the 7 billion yen full-year plan was 44.9%, also falling below the five-year average of 49.2%.

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 expand by 77.9% from the same period last year, reaching 3.85 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 810 million yen, a 42.7% decrease compared to the same period last year. However, the operating profit margin rose from 12.7% in the same period last year to 13.2%.

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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	21,097	4,355	4,508	1,762	199.8	51.3	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	19,200	2,616	3,095	1,798	203.8	58.8	Oct 27, 2023	J-GAAP
Apr - Sep, 2024	19,700	3,354	3,144	2,094	237.2	44.9	Oct 31, 2024	J-GAAP
YoY	+2.6%	+28.2%	+1.6%	+16.5%	+16.4%

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	20,000	3,100	3,300	2,200	249.0	30	Jul 31, 2024	J-GAAP
Apr - Sep, 2024 Results	19,700	3,354	3,144	2,094	237.2	30	Oct 31, 2024	J-GAAP
Revision Rate	-1.5%	+8.2%	-4.7%	-4.8%	-4.7%

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	18,605	2,029	2,168	1,645	186.4	30	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	21,800	3,246	3,856	2,706	306.3	30	Oct 31, 2024	J-GAAP
YoY	+17.2%	+60.0%	+77.9%	+64.5%	+64.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	42,240	8,820	8,785	4,621	523.9	60	Apr 28, 2023	J-GAAP
Mar, 2024	37,805	4,645	5,263	3,443	390.1	60	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	41,500	6,600	7,000	4,800	543.3	60	Jul 31, 2024	J-GAAP
YoY	+9.8%	+42.1%	+33.0%	+39.4%	+39.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	9,485	1,204	1,414	1,063	120.5	12.7	Oct 27, 2023	J-GAAP
Oct - Dec, 2023	8,754	938	776	486	55.1	10.7	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	9,851	1,091	1,392	1,159	131.3	11.1	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	10,601	2,153	2,334	1,518	172.0	20.3	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	9,099	1,201	810	576	65.2	13.2	Oct 31, 2024	J-GAAP
YoY	-4.1%	-0.2%	-42.7%	-45.8%	-45.9%