XEBIO holdings CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 16%

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Fri Nov 8, 2024 1:00 pm JST Earnings

8281 XEBIO holdings CO.,LTD. 【J-GAAP】

Earnings Report

XEBIO holdings CO.,LTD. <8281> [TSE-P] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 15.8% from the same period last year, reaching 4.24 billion yen, resulting in an increase in profits compared to the previous forecast of a 8.6% decrease.

The progress rate against the 6.28 billion yen full-year plan was 67.6%, also surpassing the five-year average of 49.9%.

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 17.3% from the same period last year, reaching 2.03 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 82 million yen (compared to a profit of 520 million yen in the same period last year). The operating profit margin remained almost flat, changing from 0.6% in the same period last year to 0.4%.

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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	118,028	4,041	5,010	3,146	71.2	54.2	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	120,052	2,968	3,669	2,021	45.7	67.9	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	125,179	4,106	4,248	2,016	46.1	67.6	Nov 8, 2024	J-GAAP
YoY	+4.3%	+38.3%	+15.8%	-0.2%	+0.9%

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	124,858	3,183	3,355	1,984	45.9	15	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	125,179	4,106	4,248	2,016	46.1	15	Nov 8, 2024	J-GAAP
Revision Rate	+0.3%	+29.0%	+26.6%	+1.6%	+0.5%

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	122,381	1,236	1,736	571	12.9	15	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	125,779	1,896	2,036	986	23.3	15	Nov 8, 2024	J-GAAP
YoY	+2.8%	+53.4%	+17.3%	+72.7%	+80.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	239,293	8,327	9,242	5,397	122.1	30	May 12, 2023	J-GAAP
Mar, 2024	242,433	4,204	5,405	2,592	58.6	30	May 10, 2024	J-GAAP
Mar, 2025 Guidance	250,958	6,002	6,284	3,002	71.0	30	May 10, 2024	J-GAAP
YoY	+3.5%	+42.8%	+16.3%	+15.8%	+21.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	57,786	344	520	34	0.8	0.6	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	62,094	1,691	1,700	1,225	27.7	2.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	60,287	-455	36	-654	-14.8	-0.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	65,142	3,854	4,330	2,785	63.2	5.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	60,037	252	-82	-769	-17.6	0.4	Nov 8, 2024	J-GAAP
YoY	+3.9%	-26.7%	－	－	－