IKEGAMI TSUSHINKI CO., LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Turns to Loss

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Thu Nov 7, 2024 3:30 pm JST Earnings

6771 IKEGAMI TSUSHINKI CO., LTD. 【J-GAAP】

Earnings Report

IKEGAMI TSUSHINKI CO., LTD. <6771> [TSE-S] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 1.29 billion yen (compared to a profit of 136 million yen in the same period last year).

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 surge by 2.6 times that of the same period last year, reaching 1.99 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 457 million yen (compared to a profit of 240 million yen in the same period last year). The operating profit/loss margin drastically worsened from 4.9% in the same period last year to -12.1%.

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	6,897	-1,217	-1,165	-1,190	-186.2	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	8,341	-1	136	73	11.5	15.1	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	5,549	-1,277	-1,292	-1,317	-205.7	ー	Nov 7, 2024	J-GAAP
YoY	-33.5%	-127,600.0%	－	－	－

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 9, 2024	J-GAAP
Apr - Sep, 2024 Results	5,549	-1,277	-1,292	-1,317	-205.7	0	Nov 7, 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	13,262	795	766	606	94.7	30	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	16,951	2,077	1,992	1,917	299.1	33	Nov 7, 2024	J-GAAP
YoY	+27.8%	+161.3%	+160.1%	+216.3%	+215.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	22,146	-997	-1,000	-1,074	-168.0	10	May 11, 2023	J-GAAP
Mar, 2024	21,603	794	902	679	106.2	30	May 9, 2024	J-GAAP
Mar, 2025 Guidance	22,500	800	700	600	93.6	33	May 9, 2024	J-GAAP
YoY	+4.2%	+0.8%	-22.4%	-11.6%	-11.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,841	235	240	194	30.5	4.9	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	4,409	141	106	127	19.9	3.2	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	8,853	654	660	479	74.9	7.4	May 9, 2024	J-GAAP
Apr - Jun, 2024	2,201	-871	-835	-846	-132.1	-39.6	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	3,348	-406	-457	-471	-73.6	-12.1	Nov 7, 2024	J-GAAP
YoY	-30.8%	－	－	－	－