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CHUKYO IYAKUHIN CO.,LTD., First Half Ordinary Profit Decreases by 64%, July-September Ordinary Profit Loss Widens

Tue Nov 5, 2024 4:00 pm JST Earnings

4558 CHUKYO IYAKUHIN CO.,LTD. 【J-GAAP】

Earnings Report

CHUKYO IYAKUHIN CO.,LTD. <4558> [TSE-S] announced its financial results after the market closed on November 5th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 63.6% from the same period last year to 24 million yen. The progress rate against the 160 million yen full-year plan was 15.0%, also falling below the five-year average of 41.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to expand by 67.9% from the same period last year, reaching 136 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary loss expanded to a loss of 40 million yen (compared to a loss of 27 million yen in the same period last year). The operating profit/loss margin worsened from -2.1% in the same period last year to -2.7%.

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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 2,818 18 28 0 0.1 35.4 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 3,109 58 66 -57 -5.5 44.9 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 3,172 18 24 -1 -0.2 15.0 Nov 5, 2024 J-GAAP
YoY +2.0% -69.0% -63.6% +98.2% +96.7%

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 2.50 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 3,172 18 24 -1 -0.2 2.50 Nov 5, 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 3,015 70 81 30 2.9 2.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,028 122 136 56 5.3 2.50 Nov 5, 2024 J-GAAP
YoY +0.4% +74.3% +67.9% +86.7% +83.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,692 59 79 14 1.4 5 May 15, 2023 J-GAAP
Mar, 2024 6,124 128 147 -27 -2.6 5 May 14, 2024 J-GAAP
Mar, 2025 Guidance 6,200 140 160 55 5.2 5 May 14, 2024 J-GAAP
YoY +1.2% +9.4% +8.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,466 -31 -27 -112 -10.7 -2.1 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 1,803 228 234 149 14.1 12.6 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 1,212 -158 -153 -119 -11.3 -13.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,617 60 64 35 3.4 3.7 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 1,555 -42 -40 -36 -6.5 -2.7 Nov 5, 2024 J-GAAP
YoY +6.1% -35.5% -48.1% +67.9% +39.5%

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