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

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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%