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DESCENTE,LTD., First Half Ordinary Profit Increases by 14%, July-September Ordinary Profit Increases by 62%

Fri Nov 8, 2024 11:00 am JST Earnings

8114 DESCENTE,LTD. 【J-GAAP】

Earnings Report

DESCENTE,LTD. <8114> [TSE-P] announced its financial results in the morning on November 8th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 14.2% from the same period last year, reaching 9.14 billion yen. The progress rate against the 17 billion yen full-year plan was 53.8%, almost the same as the four-year average of 53.9%.

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 grow by 1.7% from the same period last year, reaching 7.85 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 61.8% from the same period last year, reaching 5.69 billion yen. The operating profit margin remained almost flat, changing from 6.7% in the same period last year to 6.9%.

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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 57,210 4,895 6,740 5,132 68.0 57.8 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 59,985 4,151 8,007 5,672 75.1 50.9 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 62,818 3,134 9,145 6,238 82.6 53.8 Nov 8, 2024 J-GAAP
YoY +4.7% -24.5% +14.2% +10.0% +9.9%

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 ー ー ー ー － 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 62,818 3,134 9,145 6,238 82.6 0 Nov 8, 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 67,004 4,589 7,722 6,342 84.0 48 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 67,182 5,866 7,855 6,262 82.9 0 Nov 8, 2024 J-GAAP
YoY +0.3% +27.8% +1.7% -1.3% -1.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 120,614 7,793 11,664 10,550 139.7 40 May 15, 2023 J-GAAP
Mar, 2024 126,989 8,740 15,729 12,014 159.1 48 May 13, 2024 J-GAAP
Mar, 2025 Guidance 130,000 9,000 17,000 12,500 165.4 0 Aug 5, 2024 J-GAAP
YoY +2.4% +3.0% +8.1% +4.0% +4.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 32,823 2,200 3,517 2,481 32.9 6.7 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 30,115 2,283 3,655 2,672 35.4 7.6 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 36,889 2,306 4,067 3,670 48.6 6.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 27,482 683 3,455 2,739 36.3 2.5 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 35,336 2,451 5,690 3,499 46.3 6.9 Nov 8, 2024 J-GAAP
YoY +7.7% +11.4% +61.8% +41.0% +41.0%

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