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I.A GROUP CORPORATION, First Half Ordinary Profit Increases by 2.1 times

Fri Nov 1, 2024 3:15 pm JST Earnings

7509 I.A GROUP CORPORATION 【J-GAAP】

Earnings Report

I.A GROUP CORPORATION <7509> [TSE-S] announced its financial results after the market closed on November 1st (15:15). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.1 times that of the same period last year, reaching 404 million yen. However, The progress rate against the 1.7 billion yen full-year plan was 23.8%, also falling below the five-year average of 30.3%.

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 decrease by 26.6% from the same period last year to 1.29 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 29.4% from the same period last year, reaching 132 million yen. The operating profit margin remained almost flat, changing from 0.9% in the same period last year to 1.1%.

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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 16,340 341 397 275 188.4 26.5 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 16,343 132 190 115 79.7 9.7 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 17,014 346 404 235 161.9 23.8 Nov 1, 2024 J-GAAP
YoY +4.1% +162.1% +112.6% +104.3% +103.1%

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 ー ー ー ー － 60 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 17,014 346 404 235 161.9 60 Nov 1, 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 19,321 1,712 1,765 1,227 845.0 100 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,486 1,254 1,296 865 595.6 60 Nov 1, 2024 J-GAAP
YoY +0.9% -26.8% -26.6% -29.5% -29.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 35,507 1,378 1,500 985 676.3 120 May 12, 2023 J-GAAP
Mar, 2024 35,664 1,844 1,955 1,342 924.2 160 May 10, 2024 J-GAAP
Mar, 2025 Guidance 36,500 1,600 1,700 1,100 757.4 120 May 10, 2024 J-GAAP
YoY +2.3% -13.2% -13.0% -18.0% -18.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,110 76 102 75 52.0 0.9 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 10,978 1,408 1,434 945 650.9 12.8 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 8,343 304 331 282 194.2 3.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 8,460 248 272 154 106.5 2.9 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 8,554 98 132 81 55.8 1.1 Nov 1, 2024 J-GAAP
YoY +5.5% +28.9% +29.4% +8.0% +7.3%

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