EIDAI KAKO CO.,LTD., First Half Ordinary Profit Decreases by 63%, July-September Ordinary Profit Turns to Loss

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Fri Nov 8, 2024 3:30 pm JST Earnings

7877 EIDAI KAKO CO.,LTD. 【J-GAAP】

Earnings Report

EIDAI KAKO CO.,LTD. <7877> [TSE-S] 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) significantly dropped by 63.3% from the same period last year to 58 million yen. The progress rate against the 220 million yen full-year plan was 26.4%, also falling below the five-year average of 62.3%.

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 97.6% from the same period last year, reaching 162 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 18 million yen (compared to a profit of 44 million yen in the same period last year). However, the operating profit margin improved from 0.6% in the same period last year to 2.0%.

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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	3,973	-239	-56	-45	-33.8	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	4,360	63	158	91	68.7	65.8	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	4,443	86	58	34	26.4	26.4	Nov 8, 2024	J-GAAP
YoY	+1.9%	+36.5%	-63.3%	-62.6%	-61.5%

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	4,443	86	58	34	26.4	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	4,728	85	82	88	66.4	50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,857	134	162	126	96.2	50	Nov 8, 2024	J-GAAP
YoY	+2.7%	+57.6%	+97.6%	+43.2%	+44.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,296	-312	-194	-238	-178.5	50	May 12, 2023	J-GAAP
Mar, 2024	9,088	148	240	179	135.1	50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	9,300	220	220	160	122.1	50	May 10, 2024	J-GAAP
YoY	+2.3%	+48.6%	-8.3%	-10.6%	-9.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,180	14	44	12	9.1	0.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	2,453	29	1	14	10.6	1.2	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,275	56	81	74	55.8	2.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,274	43	76	48	36.5	1.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,169	43	-18	-14	-10.9	2.0	Nov 8, 2024	J-GAAP
YoY	-0.5%	+207.1%	－	－	－