QUICK CO.,LTD., First Half Ordinary Profit Decreases by 6%, July-September Ordinary Profit Decreases by 25%

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Thu Oct 31, 2024 3:00 pm JST Earnings

4318 QUICK CO.,LTD. 【J-GAAP】

Earnings Report

QUICK CO.,LTD. <4318> [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) decreased by 6.4% from the same period last year to 3.81 billion yen. However, The progress rate against the 4.52 billion yen full-year plan was 84.4%, almost the same as the five-year average of 82.6%.

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 decrease by 25.8% from the same period last year to 706 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 782 million yen, a 25.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 15.0% in the same period last year to 10.2%.

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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	14,799	3,646	3,674	2,537	134.6	80.9	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	15,798	4,030	4,077	2,811	150.3	81.1	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	17,145	3,783	3,817	3,114	166.5	84.4	Oct 31, 2024	J-GAAP
YoY	+8.5%	-6.1%	-6.4%	+10.8%	+10.8%

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	16,637	3,258	3,280	2,262	120.9	47	Apr 26, 2024	J-GAAP
Apr - Sep, 2024 Results	17,145	3,783	3,817	3,114	166.5	47	Oct 31, 2024	J-GAAP
Revision Rate	+3.1%	+16.1%	+16.4%	+37.7%	+37.7%

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	13,689	934	952	694	37.1	58	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,525	707	706	-74	-4.0	47	Oct 31, 2024	J-GAAP
YoY	+6.1%	-24.3%	-25.8%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	27,794	4,487	4,543	3,261	173.1	70	Apr 28, 2023	J-GAAP
Mar, 2024	29,487	4,964	5,029	3,505	187.4	94	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	31,670	4,490	4,523	3,040	162.5	94	Apr 26, 2024	J-GAAP
YoY	+7.4%	-9.5%	-10.1%	-13.3%	-13.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,815	1,025	1,044	706	37.8	15.0	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	6,442	489	502	319	17.1	7.6	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	7,247	445	450	375	20.1	6.1	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	9,569	3,013	3,035	2,101	112.3	31.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	7,576	770	782	1,013	54.2	10.2	Oct 31, 2024	J-GAAP
YoY	+11.2%	-24.9%	-25.1%	+43.5%	+43.5%