EAGLE INDUSTRY CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 8%, Dividend Revised Upward by 10 yen

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Thu Nov 7, 2024 3:30 pm JST Earnings

6486 EAGLE INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

EAGLE INDUSTRY CO.,LTD. <6486> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 17.0% from the same period last year to 5.75 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 7.5%, from the previous forecast of 13.3 billion yen to 12.3 billion yen (compared to 13.7 billion yen in the previous period), leading to an increase in the profit decline rate from 3.6% to 10.9%.

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 4.7% from the same period last year to 6.54 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 90 yen to 100 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 976 million yen, a 67.1% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 3.8% in the same period last year to 4.0%.

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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	76,276	3,763	6,271	3,538	72.2	51.1	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	82,117	3,085	6,930	4,328	91.0	50.2	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	82,951	4,265	5,751	2,713	59.6	46.8	Nov 7, 2024	J-GAAP
YoY	+1.0%	+38.2%	-17.0%	-37.3%	-34.5%

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	82,000	3,500	6,300	3,300	72.5	45	Jul 23, 2024	J-GAAP
Apr - Sep, 2024 Results	82,951	4,265	5,751	2,713	59.6	50	Nov 7, 2024	J-GAAP
Revision Rate	+1.2%	+21.9%	-8.7%	-17.8%	-17.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	169,000	9,500	13,300	8,000	177.5	90	Jul 23, 2024	J-GAAP
Mar, 2025 New	167,000	8,400	12,300	7,000	155.3	100	Nov 7, 2024	J-GAAP
Revision Rate	-1.2%	-11.6%	-7.5%	-12.5%	-12.5%

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	84,925	5,022	6,869	3,163	67.9	45	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	84,049	4,135	6,549	4,287	95.1	50	Nov 7, 2024	J-GAAP
YoY	-1.0%	-17.7%	-4.7%	+35.5%	+40.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	157,380	9,264	12,277	6,796	139.8	70	May 10, 2023	J-GAAP
Mar, 2024	167,042	8,107	13,799	7,491	160.8	80	May 13, 2024	J-GAAP
Mar, 2025 Guidance	167,000	8,400	12,300	7,000	155.3	100	Nov 7, 2024	J-GAAP
YoY	0.0%	+3.6%	-10.9%	-6.6%	-3.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	42,109	1,590	2,965	1,883	39.6	3.8	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	42,975	2,866	3,406	1,720	36.6	6.7	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	41,950	2,156	3,463	1,443	31.0	5.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	41,819	2,624	4,775	2,221	48.9	6.3	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	41,132	1,641	976	492	10.8	4.0	Nov 7, 2024	J-GAAP
YoY	-2.3%	+3.2%	-67.1%	-73.9%	-72.7%