YOKOHAMA GYORUI CO., LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 56%

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.

Fri Nov 8, 2024 12:30 pm JST Earnings

7443 YOKOHAMA GYORUI CO., LTD. 【J-GAAP】

Earnings Report

YOKOHAMA GYORUI CO., LTD. <7443> [TSE-S] announced its financial results at noon (12:30) on November 8th. The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 5.4% from the same period last year to 88 million yen.

However, the full-year ordinary profit has been revised upward by 55.6%, from the previous forecast of 90 million yen to 140 million yen (compared to 180 million yen in the previous period), and the declining rate is expected to decrease from 50.0% to 22.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to drop by 40.2% from the same period last year to 52 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit decreased to 36 million yen, a 29.4% decrease compared to the same period last year. The operating profit margin worsened from 1.1% in the same period last year to 0.7%.

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	9,880	-16	19	8	1.3	24.1	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	9,691	78	93	74	11.9	51.7	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	9,350	68	88	81	13.0	62.9	Nov 8, 2024	J-GAAP
YoY	-3.5%	-12.8%	-5.4%	+9.5%	+8.7%

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 10, 2024	J-GAAP
Apr - Sep, 2024 Results	9,350	68	88	81	13.0	0	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	20,000	70	90	60	9.6	3	May 10, 2024	J-GAAP
Mar, 2025 New	19,400	120	140	100	16.0	3	Nov 8, 2024	J-GAAP
Revision Rate	-3.0%	+71.4%	+55.6%	+66.7%	+66.6%

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	10,413	83	87	88	14.1	3	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	10,050	52	52	19	3.0	3	Nov 8, 2024	J-GAAP
YoY	-3.5%	-37.3%	-40.2%	-78.4%	-78.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	21,002	25	79	54	8.7	3	May 11, 2023	J-GAAP
Mar, 2024	20,104	161	180	162	26.0	3	May 10, 2024	J-GAAP
Mar, 2025 Guidance	19,400	120	140	100	16.0	3	Nov 8, 2024	J-GAAP
YoY	-3.5%	-25.5%	-22.2%	-38.3%	-38.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,833	52	51	39	6.3	1.1	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	5,806	67	92	75	12.0	1.2	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	4,607	16	-5	13	2.1	0.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	4,564	36	52	40	6.4	0.8	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	4,786	32	36	41	6.6	0.7	Nov 8, 2024	J-GAAP
YoY	-1.0%	-38.5%	-29.4%	+5.1%	+4.3%