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RAITO KOGYO CO., LTD., July-September (2Q) Ordinary Profit Decreases by 6%

Thu Nov 7, 2024 4:00 pm JST Earnings

1926 RAITO KOGYO CO., LTD. 【J-GAAP】

Earnings Report

RAITO KOGYO CO., LTD. <1926> [TSE-P] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 4.2% from the same period last year, reaching 5.59 billion yen. However, The progress rate against the 13.9 billion yen full-year plan was 40.3%, almost the same as the five-year average of 41.3%.

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 33.1% from the same period last year, reaching 8.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.36 billion yen, a 5.5% decrease compared to the same period last year. The operating profit margin decreased from 12.1% in the same period last year to 11.5%.

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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 51,799 4,995 5,315 3,666 73.1 39.9 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 55,075 5,262 5,370 3,587 73.5 46.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 54,967 5,503 5,598 3,768 79.8 40.3 Nov 7, 2024 J-GAAP
YoY -0.2% +4.6% +4.2% +5.0% +8.6%

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 56,500 6,100 6,200 4,250 91.5 30 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 54,967 5,503 5,598 3,768 79.8 30 Nov 7, 2024 J-GAAP
Revision Rate -2.7% -9.8% -9.7% -11.3% -12.8%

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 62,249 5,983 6,239 4,594 94.4 70 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 66,033 8,197 8,302 5,732 127.6 45 Nov 7, 2024 J-GAAP
YoY +6.1% +37.0% +33.1% +24.8% +35.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 114,974 12,785 13,310 9,489 190.6 61 May 11, 2023 J-GAAP
Mar, 2024 117,324 11,245 11,609 8,181 168.2 70 May 10, 2024 J-GAAP
Mar, 2025 Guidance 121,000 13,700 13,900 9,500 211.5 75 May 10, 2024 J-GAAP
YoY +3.1% +21.8% +19.7% +16.1% +25.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 29,304 3,532 3,559 2,430 49.8 12.1 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 30,164 3,210 3,270 2,210 45.3 10.6 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 32,085 2,773 2,969 2,384 49.0 8.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 25,421 2,098 2,236 1,511 31.7 8.3 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 29,546 3,405 3,362 2,257 47.8 11.5 Nov 7, 2024 J-GAAP
YoY +0.8% -3.6% -5.5% -7.1% -4.0%

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