YAHAGI CONSTRUCTION CO.,LTD., First Half Ordinary Profit Decreases by 15%, July-September Ordinary Profit Decreases by 60%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 7, 2024 1:40 pm JST Earnings

1870 YAHAGI CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

YAHAGI CONSTRUCTION CO.,LTD. <1870> [TSE-P] announced its financial results in the afternoon session on November 7th (13:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 15.3% from the same period last year to 1.32 billion yen. The progress rate against the 8.2 billion yen full-year plan was 16.2%, also falling below the five-year average of 29.6%.

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 14.3% from the same period last year to 6.87 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 548 million yen, a 60.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 4.9% in the same period last year to 1.7%.

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	41,495	1,738	1,775	1,206	28.1	24.5	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	52,158	1,487	1,564	1,017	23.7	16.3	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	58,760	1,286	1,325	967	22.5	16.2	Nov 7, 2024	J-GAAP
YoY	+12.7%	-13.5%	-15.3%	-4.9%	-4.9%

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	58,500	1,250	1,300	900	20.9	40	Oct 29, 2024	J-GAAP
Apr - Sep, 2024 Results	58,760	1,286	1,325	967	22.5	40	Nov 7, 2024	J-GAAP
Revision Rate	+0.4%	+2.9%	+1.9%	+7.4%	+7.5%

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	67,666	8,027	8,024	5,445	126.6	30	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	81,240	6,914	6,875	4,433	103.0	40	Nov 7, 2024	J-GAAP
YoY	+20.1%	-13.9%	-14.3%	-18.6%	-18.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	111,110	7,212	7,259	4,508	104.8	43	May 10, 2023	J-GAAP
Mar, 2024	119,824	9,514	9,588	6,462	150.2	60	May 9, 2024	J-GAAP
Mar, 2025 Guidance	140,000	8,200	8,200	5,400	125.5	80	May 9, 2024	J-GAAP
YoY	+16.8%	-13.8%	-14.5%	-16.4%	-16.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	27,426	1,349	1,369	828	19.3	4.9	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	38,663	7,554	7,591	5,241	121.8	19.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	29,003	473	433	204	4.7	1.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	26,635	726	777	584	13.6	2.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	32,125	560	548	383	8.9	1.7	Nov 7, 2024	J-GAAP
YoY	+17.1%	-58.5%	-60.0%	-53.7%	-53.7%