ID Holdings Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 13%, Adds to Record High Profit Forecast

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Thu Oct 31, 2024 5:00 pm JST Earnings

4709 ID Holdings Corporation 【J-GAAP】

Earnings Report

ID Holdings Corporation <4709> [TSE-P] announced its financial results after the market closed on October 31st (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 19.7% from the same period last year, reaching 1.8 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 13.3%, from the previous forecast of 3 billion yen to 3.4 billion yen (compared to 2.86 billion yen in the previous period), increasing the growth rate from 4.9% to 18.9%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 17.9% from the same period last year, reaching 1.59 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 61.6% from the same period last year, reaching 1 billion yen. The operating profit margin significantly improved from 7.4% in the same period last year to 11.4%.

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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	14,861	1,155	1,209	680	41.0	48.3	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	15,938	1,421	1,504	844	50.8	52.6	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	17,347	1,737	1,801	1,055	63.0	53.0	Oct 31, 2024	J-GAAP
YoY	+8.8%	+22.2%	+19.7%	+25.0%	+24.2%

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	－	25	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	17,347	1,737	1,801	1,055	63.0	25	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	35,000	3,000	3,000	1,750	104.3	55	Apr 30, 2024	J-GAAP
Mar, 2025 New	35,000	3,400	3,400	2,000	119.2	55	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	+13.3%	+13.3%	+14.3%	+14.3%

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	16,742	1,348	1,356	933	55.9	25	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	17,653	1,663	1,599	945	56.3	30	Oct 31, 2024	J-GAAP
YoY	+5.4%	+23.4%	+17.9%	+1.3%	+0.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	31,101	2,424	2,504	1,402	84.5	45	Apr 28, 2023	J-GAAP
Mar, 2024	32,680	2,769	2,860	1,777	106.4	50	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	35,000	3,400	3,400	2,000	119.2	55	Oct 31, 2024	J-GAAP
YoY	+7.1%	+22.8%	+18.9%	+12.5%	+12.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,119	598	620	330	19.9	7.4	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	8,168	732	733	485	29.1	9.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	8,574	616	623	448	26.8	7.2	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	8,487	729	799	451	27.0	8.6	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	8,860	1,008	1,002	604	36.1	11.4	Oct 31, 2024	J-GAAP
YoY	+9.1%	+68.6%	+61.6%	+83.0%	+81.8%