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Yodogawa Steel Works,Ltd., First Half Ordinary Profit Increases by 20%

Wed Nov 6, 2024 11:00 am JST Earnings

5451 YODOKO, Ltd. 【J-GAAP】

Earnings Report

Yodogawa Steel Works,Ltd. <5451> [TSE-P] announced its financial results in the morning on November 6th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 19.5% from the same period last year, reaching 9.17 billion yen. However, The progress rate against the 19.2 billion yen full-year plan was 47.8%, almost the same as the five-year average of 48.0%.

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 expand by 33.2% from the same period last year, reaching 10 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 4.05 billion yen, an increase of 2.9% compared to the same period last year. The operating profit margin improved from 5.1% in the same period last year to 7.1%.

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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 118,525 8,235 10,960 5,858 40.6 62.0 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 101,286 5,472 7,672 5,185 35.9 50.5 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 105,324 7,812 9,171 5,791 40.1 47.8 Nov 6, 2024 J-GAAP
YoY +4.0% +42.8% +19.5% +11.7% +11.6%

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 106,000 7,400 8,800 5,300 36.7 20 Aug 9, 2024 J-GAAP
Apr - Sep, 2024 Results 105,324 7,812 9,171 5,791 40.1 20 Nov 6, 2024 J-GAAP
Revision Rate -0.6% +5.6% +4.2% +9.3% +9.3%

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 102,671 6,545 7,530 -729 -5.1 29 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 101,676 4,288 10,029 6,109 42.3 41.80 Nov 6, 2024 J-GAAP
YoY -1.0% -34.5% +33.2% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 220,314 12,665 17,686 10,593 73.4 22.20 May 10, 2023 J-GAAP
Mar, 2024 203,957 12,017 15,202 4,456 30.9 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 207,000 12,100 19,200 11,900 82.3 61.80 Aug 9, 2024 J-GAAP
YoY +1.5% +0.7% +26.3% +167.1% +166.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 50,224 2,579 3,938 3,168 21.9 5.1 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 52,179 3,467 4,276 2,566 17.8 6.6 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 50,492 3,078 3,254 -3,295 -22.8 6.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 52,595 4,061 5,120 3,210 22.2 7.7 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 52,729 3,751 4,051 2,581 17.9 7.1 Nov 6, 2024 J-GAAP
YoY +5.0% +45.4% +2.9% -18.5% -18.6%

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