Ishin Co.,Ltd., First Half Ordinary Profit Decreases by 40%, July-September Ordinary Profit Decreases by 17%

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Fri Nov 8, 2024 3:30 pm JST Earnings

143A Ishin Co.,Ltd.

Earnings Report

Ishin Co.,Ltd. <143A> [TSE-G] 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) dropped by 39.6% from the same period last year to 81 million yen. The progress rate against the 184 million yen full-year plan was 44.0%, also falling below the same period of the previous year of 71.3%.

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 expand by 90.7% from the same period last year, reaching 103 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 64 million yen, a 16.9% decrease compared to the same period last year. The operating profit margin decreased from 22.5% in the same period last year to 19.6%.

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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, 2024	637	87	81	73	38.4	44.0	Nov 8, 2024	J-GAAP
YoY	－	－	－	－	－

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	ー	ー	ー	ー	－	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	637	87	81	73	38.4	0	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	657	77	54	41	25.6	0	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	717	119	103	69	36.0	0	Nov 8, 2024	J-GAAP
YoY	+9.1%	+54.5%	+90.7%	+68.3%	+40.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	1,280	200	188	126	78.6	0	May 10, 2024	J-GAAP
Mar, 2025 Guidance	1,354	206	184	142	74.1	0	May 10, 2024	J-GAAP
YoY	+5.8%	+3.0%	-2.1%	+12.7%	-5.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jan - Mar, 2024	396	71	68	37	23.1	17.9	May 10, 2024	J-GAAP
Apr - Jun, 2024	290	19	17	20	10.8	6.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	347	68	64	53	27.9	19.6	Nov 8, 2024	J-GAAP
YoY	－	－	－	－	－