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IRISO ELECTRONICS CO., LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 37%

Tue Nov 5, 2024 4:00 pm JST Earnings

6908 IRISO ELECTRONICS CO., LTD. 【J-GAAP】

Earnings Report

IRISO ELECTRONICS CO., LTD. <6908> [TSE-P] announced its financial results after the market closed on November 5th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 55.9% from the same period last year to 1.82 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 36.8%, from the previous forecast of 6.8 billion yen to 4.3 billion yen (compared to 7.18 billion yen in the previous period), leading to an increase in the profit decline rate from 5.4% to 40.2%.

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 decrease by 19.1% from the same period last year to 2.48 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 954 million yen, a 61.8% decrease compared to the same period last year. The operating profit margin decreased from 15.0% in the same period last year to 13.2%.

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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 25,543 3,063 4,045 2,901 123.3 52.8 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 28,140 3,315 4,124 3,167 134.7 57.4 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 27,159 2,119 1,820 1,089 47.1 42.3 Nov 5, 2024 J-GAAP
YoY -3.5% -36.1% -55.9% -65.6% -65.0%

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 － 0 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 27,159 2,119 1,820 1,089 47.1 0 Nov 5, 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 58,000 7,000 6,800 5,200 241.2 100 May 8, 2024 J-GAAP
Mar, 2025 New 54,000 4,300 4,300 2,750 127.6 100 Nov 5, 2024 J-GAAP
Revision Rate -6.9% -38.6% -36.8% -47.1% -47.1%

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 27,131 2,621 3,065 2,426 103.1 90 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 26,841 2,181 2,480 1,661 77.0 100 Nov 5, 2024 J-GAAP
YoY -1.1% -16.8% -19.1% -31.5% -25.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 52,903 6,940 7,661 5,541 235.6 80 May 9, 2023 J-GAAP
Mar, 2024 55,271 5,936 7,189 5,593 237.8 90 May 8, 2024 J-GAAP
Mar, 2025 Guidance 54,000 4,300 4,300 2,750 127.6 100 Nov 5, 2024 J-GAAP
YoY -2.3% -27.6% -40.2% -50.8% -46.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 15,644 2,348 2,499 1,916 81.5 15.0 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 13,000 1,477 1,259 1,127 47.9 11.4 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 14,131 1,144 1,806 1,299 55.2 8.1 May 8, 2024 J-GAAP
Apr - Jun, 2024 12,534 190 866 371 15.8 1.5 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 14,625 1,929 954 718 31.1 13.2 Nov 5, 2024 J-GAAP
YoY -6.5% -17.8% -61.8% -62.5% -61.9%

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