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Yoshitake Inc., First Half Ordinary Profit Decreases by 41%, July-September Ordinary Profit Decreases by 55%

Thu Oct 31, 2024 3:10 pm JST Earnings

6488 Yoshitake Inc. 【J-GAAP】

Earnings Report

Yoshitake Inc. <6488> [TSE-S] announced its financial results after the market closed on October 31st (15:10). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 41.3% from the same period last year to 518 million yen. The progress rate against the 1.35 billion yen full-year plan was 38.4%, also falling below the five-year average of 49.7%.

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 38.4% from the same period last year, reaching 832 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 180 million yen, a 54.5% decrease compared to the same period last year. The operating profit margin decreased from 12.1% in the same period last year to 10.9%.

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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 3,758 423 766 649 50.9 58.0 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 4,195 515 883 635 49.9 59.5 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 4,755 473 518 407 32.1 38.4 Oct 31, 2024 J-GAAP
YoY +13.3% -8.2% -41.3% -35.9% -35.7%

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 4,755 473 518 407 32.0 0 Oct 30, 2024 J-GAAP
Apr - Sep, 2024 Results 4,755 473 518 407 32.1 0 Oct 31, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.2%

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 4,757 359 601 498 39.1 27 May 16, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,945 397 832 593 46.6 27 Oct 30, 2024 J-GAAP
YoY +4.0% +10.6% +38.4% +19.1% +19.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,517 890 1,320 1,064 83.4 26 May 16, 2023 J-GAAP
Mar, 2024 8,952 874 1,484 1,133 89.0 27 May 16, 2024 J-GAAP
Mar, 2025 Guidance 9,700 870 1,350 1,000 78.6 27 May 16, 2024 J-GAAP
YoY +8.4% -0.5% -9.0% -11.7% -11.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,190 266 396 300 23.6 12.1 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 2,288 209 259 217 17.0 9.1 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 2,469 150 342 281 22.1 6.1 May 16, 2024 J-GAAP
Apr - Jun, 2024 2,198 195 338 242 19.1 8.9 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 2,557 278 180 165 13.0 10.9 Oct 31, 2024 J-GAAP
YoY +16.8% +4.5% -54.5% -45.0% -44.8%

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