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

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 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 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%

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