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ENDO Lighting Corporation, First Half Ordinary Profit Decreases by 19%

Thu Oct 31, 2024 4:00 pm JST Earnings

6932 ENDO Lighting Corporation 【J-GAAP】

Earnings Report

ENDO Lighting Corporation <6932> [TSE-S] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 19.1% from the same period last year to 1.91 billion yen. The progress rate against the 5.5 billion yen full-year plan was 34.9%, also falling below the five-year average of 40.1%.

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 6.8% from the same period last year, reaching 3.58 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.37 billion yen, an increase of 0.7% compared to the same period last year. However, the operating profit margin worsened from 9.5% in the same period last year to 8.2%.

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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 21,187 1,166 1,706 962 65.2 47.0 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 23,907 2,018 2,370 1,804 122.2 41.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 24,939 1,672 1,918 1,275 86.3 34.9 Oct 31, 2024 J-GAAP
YoY +4.3% -17.1% -19.1% -29.3% -29.3%

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 24,500 1,700 1,800 1,400 94.8 20 Apr 30, 2024 J-GAAP
Apr - Sep, 2024 Results 24,939 1,672 1,918 1,275 86.3 20 Oct 31, 2024 J-GAAP
Revision Rate +1.8% -1.6% +6.6% -8.9% -8.9%

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 27,799 3,185 3,354 2,845 192.6 22.50 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 28,061 3,628 3,582 2,925 198.0 20 Oct 31, 2024 J-GAAP
YoY +0.9% +13.9% +6.8% +2.8% +2.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,731 3,092 3,630 2,962 200.5 30 Apr 28, 2023 J-GAAP
Mar, 2024 51,706 5,203 5,724 4,649 314.7 40 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 53,000 5,300 5,500 4,200 284.2 40 Apr 30, 2024 J-GAAP
YoY +2.5% +1.9% -3.9% -9.7% -9.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 12,149 1,156 1,369 1,044 70.7 9.5 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 13,314 1,525 1,602 1,262 85.4 11.5 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 14,485 1,660 1,752 1,583 107.2 11.5 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 11,781 597 540 123 8.3 5.1 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 13,158 1,075 1,378 1,152 78.0 8.2 Oct 31, 2024 J-GAAP
YoY +8.3% -7.0% +0.7% +10.3% +10.3%

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