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

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%

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