YAMADA CORPORATION, First Half Ordinary Profit Decreases by 24%, July-September Ordinary Profit Decreases by 29%

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Fri Nov 8, 2024 1:30 pm JST Earnings

6392 YAMADA CORPORATION 【J-GAAP】

Earnings Report

YAMADA CORPORATION <6392> [TSE-S] announced its financial results in the afternoon session on November 8th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.9% from the same period last year to 1.08 billion yen. The progress rate against the 2.2 billion yen full-year plan was 49.1%, almost the same as the five-year average of 50.5%.

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 decrease by 1.2% from the same period last year to 1.12 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 507 million yen, a 28.9% decrease compared to the same period last year. The operating profit margin significantly dropped from 18.5% in the same period last year to 12.6%.

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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	7,173	1,079	1,106	788	329.3	52.8	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	7,552	1,391	1,419	1,104	461.6	55.6	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	7,141	949	1,080	789	329.7	49.1	Nov 8, 2024	J-GAAP
YoY	-5.4%	-31.8%	-23.9%	-28.5%	-28.6%

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	7,200	1,030	1,055	790	330.0	100	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	7,141	949	1,080	789	329.7	100	Nov 8, 2024	J-GAAP
Revision Rate	-0.8%	-7.9%	+2.4%	-0.1%	-0.1%

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	7,201	1,074	1,134	814	340.1	180	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,559	1,201	1,120	861	359.7	110	Nov 8, 2024	J-GAAP
YoY	+5.0%	+11.8%	-1.2%	+5.8%	+5.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,716	1,872	2,095	1,494	624.2	130	May 11, 2023	J-GAAP
Mar, 2024	14,753	2,465	2,553	1,918	801.4	230	May 13, 2024	J-GAAP
Mar, 2025 Guidance	14,700	2,150	2,200	1,650	689.3	210	May 13, 2024	J-GAAP
YoY	-0.4%	-12.8%	-13.8%	-14.0%	-14.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,864	716	713	611	255.5	18.5	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	3,190	369	479	343	143.3	11.6	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	4,011	705	655	471	196.8	17.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,700	516	573	411	171.8	13.9	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	3,441	433	507	378	158.0	12.6	Nov 8, 2024	J-GAAP
YoY	-10.9%	-39.5%	-28.9%	-38.1%	-38.2%