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BUNKEIDO CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 2%, Exceeds Full-Year Plan

Fri Nov 8, 2024 2:00 pm JST Earnings

9471 BUNKEIDO CO.,LTD. 【J-GAAP】

Earnings Report

BUNKEIDO CO.,LTD. <9471> [NSE-M] announced its financial results in the afternoon session on November 8th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.78 billion yen, a 2.1% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 12.1% decrease.

The progress rate against the full-year plan of 851 million yen is 209.9%, already exceeding the target and also exceeding the five-year average of 170.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to March period (second half) is expected to expand to a loss of 935 million yen (compared to a loss of 701 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 584 million yen, a 19.9% decrease compared to the same period last year. The operating profit margin decreased from 21.2% in the same period last year to 17.6%.

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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 8,420 1,803 1,832 1,278 203.0 162.7 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 8,505 1,719 1,750 1,219 193.1 166.8 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 8,357 1,749 1,786 1,261 199.2 209.9 Nov 8, 2024 J-GAAP
YoY -1.7% +1.7% +2.1% +3.4% +3.2%

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 8,487 1,513 1,539 1,079 170.1 19.90 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 8,357 1,749 1,786 1,261 199.2 19.90 Nov 8, 2024 J-GAAP
Revision Rate -1.5% +15.6% +16.0% +16.9% +17.1%

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 4,366 -733 -701 -532 -84.2 27.40 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,558 -953 -935 -707 -111.5 19.90 Nov 8, 2024 J-GAAP
YoY +4.4% -30.0% -33.4% -32.9% -32.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,750 1,068 1,126 704 111.8 51.60 May 12, 2023 J-GAAP
Mar, 2024 12,871 986 1,049 687 108.7 47.50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 12,915 796 851 554 87.3 39.80 May 13, 2024 J-GAAP
YoY +0.3% -19.3% -18.9% -19.4% -19.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,379 715 729 500 79.2 21.2 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 2,284 200 220 135 21.4 8.8 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 2,082 -933 -921 -667 -105.6 -44.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 5,106 1,178 1,202 871 137.8 23.1 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 3,251 571 584 390 61.6 17.6 Nov 8, 2024 J-GAAP
YoY -3.8% -20.1% -19.9% -22.0% -22.2%

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