BUFFALO CO.,LTD., July-September (2Q) Ordinary Profit Decreases by 21%

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Thu Oct 31, 2024 3:30 pm JST Earnings

3352 BUFFALO CO.,LTD. 【J-GAAP】

Earnings Report

BUFFALO CO.,LTD. <3352> [TSE-S] 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) increased by 8.5% from the same period last year, reaching 179 million yen. However, The progress rate against the 543 million yen full-year plan was 33.0%, also falling below the five-year average of 36.3%.

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 grow by 23.8% from the same period last year, reaching 364 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 63 million yen, a 21.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.2% in the same period last year to 2.0%.

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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	4,913	157	182	110	48.4	32.3	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	5,228	134	165	97	41.8	35.9	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	5,566	165	179	105	44.9	33.0	Oct 31, 2024	J-GAAP
YoY	+6.5%	+23.1%	+8.5%	+8.2%	+7.4%

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	ー	ー	ー	ー	－	30	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	5,566	165	179	105	44.9	30	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	5,988	279	294	17	7.3	30	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,114	350	364	229	97.7	30	Oct 31, 2024	J-GAAP
YoY	+2.1%	+25.4%	+23.8%	+1,247.1%	+1,235.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,795	525	564	325	141.6	45	May 9, 2023	J-GAAP
Mar, 2024	11,216	413	459	114	49.1	55	May 9, 2024	J-GAAP
Mar, 2025 Guidance	11,680	515	543	334	142.5	60	May 9, 2024	J-GAAP
YoY	+4.1%	+24.7%	+18.3%	+193.0%	+190.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,608	58	80	47	20.2	2.2	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	3,257	220	229	149	63.7	6.8	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	2,731	59	65	-132	-56.8	2.2	May 9, 2024	J-GAAP
Apr - Jun, 2024	2,741	109	116	74	31.9	4.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	2,825	56	63	31	13.3	2.0	Oct 31, 2024	J-GAAP
YoY	+8.3%	-3.4%	-21.3%	-34.0%	-34.5%