EDION Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 18%, Dividend Revised Upward by 1 yen

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Fri Nov 1, 2024 11:30 am JST Earnings

2730 EDION Corporation 【J-GAAP】

Earnings Report

EDION Corporation <2730> [TSE-P] announced its financial results at noon (11:30) on November 1st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 15 billion yen, an increase of 36.0% compared to the same period last year, exceeded the previous forecast of 11.1 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 18.5%, from the previous forecast of 19.5 billion yen to 23.1 billion yen (compared to 17.3 billion yen in the previous period), increasing the growth rate from 12.5% to 33.2%.

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 28.4% from the same period last year, reaching 8.07 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 45 yen to 46 yen (compared to 45 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 24.2% from the same period last year, reaching 11.3 billion yen. The operating profit margin improved from 4.7% in the same period last year to 5.4%.

Kabutan News

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	351,115	10,333	10,169	7,070	69.1	52.8	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	352,577	10,779	11,052	7,216	73.3	63.7	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	380,500	14,498	15,027	10,031	95.4	65.1	Nov 1, 2024	J-GAAP
YoY	+7.9%	+34.5%	+36.0%	+39.0%	+30.1%

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	369,000	10,800	11,100	7,100	67.9	22	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	380,500	14,498	15,027	10,031	95.4	23	Nov 1, 2024	J-GAAP
Revision Rate	+3.1%	+34.2%	+35.4%	+41.3%	+40.5%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	750,000	19,000	19,500	11,000	104.7	45	May 10, 2024	J-GAAP
Mar, 2025 New	761,500	22,200	23,100	13,500	128.5	46	Nov 1, 2024	J-GAAP
Revision Rate	+1.5%	+16.8%	+18.5%	+22.7%	+22.7%

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	368,508	6,150	6,287	1,805	18.0	23	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	381,000	7,702	8,073	3,469	33.0	23	Nov 1, 2024	J-GAAP
YoY	+3.4%	+25.2%	+28.4%	+92.2%	+83.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	720,584	19,186	19,248	11,393	112.4	44	May 9, 2023	J-GAAP
Mar, 2024	721,085	16,929	17,339	9,021	90.1	45	May 10, 2024	J-GAAP
Mar, 2025 Guidance	761,500	22,200	23,100	13,500	128.5	46	Nov 1, 2024	J-GAAP
YoY	+5.6%	+31.1%	+33.2%	+49.7%	+42.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	191,636	9,008	9,159	6,123	62.2	4.7	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	185,031	1,498	1,520	835	8.4	0.8	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	183,477	4,652	4,767	970	9.7	2.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	174,457	3,342	3,647	2,280	21.7	1.9	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	206,043	11,156	11,380	7,751	73.7	5.4	Nov 1, 2024	J-GAAP
YoY	+7.5%	+23.8%	+24.2%	+26.6%	+18.5%