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ICHINEN HOLDINGS CO.,LTD., First Half Ordinary Profit Increases by 37%, July-September Ordinary Profit Increases by 12%

Thu Oct 31, 2024 3:30 pm JST Earnings

9619 ICHINEN HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

ICHINEN HOLDINGS CO.,LTD. <9619> [TSE-P] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 6.23 billion yen, an increase of 37.3% compared to the same period last year. The progress rate against the 9 billion yen full-year plan was 69.3%, also surpassing the five-year average of 51.7%.

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 drop by 43.8% from the same period last year to 2.76 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 12.2% from the same period last year, reaching 2.75 billion yen. However, the operating profit margin remained almost flat, changing from 7.3% in the same period last year to 7.2%.

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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 61,772 4,916 5,138 3,226 134.5 56.4 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 63,525 4,231 4,540 3,123 129.9 48.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 77,610 6,084 6,235 3,839 160.4 69.3 Oct 31, 2024 J-GAAP
YoY +22.2% +43.8% +37.3% +22.9% +23.5%

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 77,610 6,084 6,235 3,839 162.3 33 Oct 30, 2024 J-GAAP
Apr - Sep, 2024 Results 77,610 6,084 6,235 3,839 160.4 33 Oct 31, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% -1.1%

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 74,728 4,814 4,920 9,130 379.6 30 May 1, 2024 J-GAAP
Oct - Mar, 2024 Guidance 82,390 3,116 2,765 1,861 79.0 30 Oct 30, 2024 J-GAAP
YoY +10.3% -35.3% -43.8% -79.6% -79.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 127,822 8,861 9,102 5,923 246.6 50 May 2, 2023 J-GAAP
Mar, 2024 138,253 9,045 9,460 12,253 509.5 60 May 1, 2024 J-GAAP
Mar, 2025 Guidance 160,000 9,200 9,000 5,700 242.0 63 Sep 9, 2024 J-GAAP
YoY +15.7% +1.7% -4.9% -53.5% -52.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 31,515 2,316 2,454 1,540 64.1 7.3 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 37,117 2,301 2,403 7,380 306.8 6.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 37,611 2,513 2,517 1,750 72.8 6.7 May 1, 2024 J-GAAP
Apr - Jun, 2024 39,522 3,345 3,481 2,273 94.5 8.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 38,088 2,739 2,754 1,566 65.4 7.2 Oct 31, 2024 J-GAAP
YoY +20.9% +18.3% +12.2% +1.7% +2.2%

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