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

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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%