IPS, Inc., First Half Ordinary Profit Unexpectedly Revised Upward by 2%

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 3:30 pm JST Earnings

4390 IPS, Inc. 【J-GAAP】

Earnings Report

IPS, Inc. <4390> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.58 billion yen, a 1.9% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 18.5% decrease.

The progress rate against the 3.9 billion yen full-year plan was 40.7%, almost the same as the five-year average of 40.8%.

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 19.4% from the same period last year to 2.31 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 499 million yen, a 2.7% decrease compared to the same period last year. However, the operating profit margin jumped from 18.5% in the same period last year to 38.6%.

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	5,783	1,636	2,372	1,660	133.7	68.5	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	5,248	925	1,558	954	76.7	35.2	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	7,744	2,339	1,588	961	74.6	40.7	Nov 8, 2024	J-GAAP
YoY	+47.6%	+152.9%	+1.9%	+0.7%	-2.8%

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	7,250	1,500	1,270	760	58.9	20	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	7,744	2,339	1,588	961	74.6	20	Nov 8, 2024	J-GAAP
Revision Rate	+6.8%	+55.9%	+25.0%	+26.4%	+26.7%

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	8,869	2,969	2,869	1,881	149.3	19.50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,756	1,951	2,312	1,589	123.0	20	Nov 8, 2024	J-GAAP
YoY	-1.3%	-34.3%	-19.4%	-15.5%	-17.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,346	3,311	3,464	2,292	184.5	35	May 12, 2023	J-GAAP
Mar, 2024	14,117	3,894	4,427	2,835	225.1	37	May 10, 2024	J-GAAP
Mar, 2025 Guidance	16,500	4,290	3,900	2,550	197.4	40	May 10, 2024	J-GAAP
YoY	+16.9%	+10.2%	-11.9%	-10.1%	-12.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,769	512	513	314	25.3	18.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	3,102	530	-3	-3	-0.2	17.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	5,767	2,439	2,872	1,884	149.6	42.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,657	760	1,089	652	50.7	20.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,087	1,579	499	309	24.0	38.6	Nov 8, 2024	J-GAAP
YoY	+47.6%	+208.4%	-2.7%	-1.6%	-5.0%