ICHIKURA CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 62% Decrease, Dividend Revised down by 14 yen

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

6186 ICHIKURA CO.,LTD. 【J-GAAP】

Earnings Report

ICHIKURA CO.,LTD. <6186> [TSE-S] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 904 million yen (compared to a loss of 434 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has downwardly by 75.3%, from the previous forecast of 511 million yen to 126 million yen (compared to 331 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 61.9% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 34.6% from the same period last year, reaching 1.03 billion yen.

Due to a decline in performance, the company has significantly reduced its planned year-end lump-sum dividend for the current fiscal year from the original plan of 28 yen to 14 yen (compared to 28 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 520 million yen (compared to a loss of 182 million yen in the same period last year). The operating profit/loss margin drastically worsened from -4.3% in the same period last year to -10.2%.

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	8,657	-327	-279	-299	-54.3	ー	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	9,321	-477	-434	-448	-81.3	ー	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	8,820	-887	-904	-653	-118.5	ー	Nov 8, 2024	J-GAAP
YoY	-5.4%	-86.0%	-108.3%	-45.8%	-45.8%

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	ー	ー	ー	ー	－	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	8,820	-887	-904	-653	-118.5	0	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	20,758	517	511	467	84.7	28	May 13, 2024	J-GAAP
Mar, 2025 New	20,200	123	126	10	1.8	14	Nov 8, 2024	J-GAAP
Revision Rate	-2.7%	-76.2%	-75.3%	-97.9%	-97.9%

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	11,108	743	765	1,077	195.4	28	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	11,380	1,010	1,030	663	120.0	14	Nov 8, 2024	J-GAAP
YoY	+2.4%	+35.9%	+34.6%	-38.4%	-38.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	19,747	553	570	597	108.3	21	May 12, 2023	J-GAAP
Mar, 2024	20,429	266	331	629	114.1	28	May 13, 2024	J-GAAP
Mar, 2025 Guidance	20,200	123	126	10	1.8	14	Nov 8, 2024	J-GAAP
YoY	-1.1%	-53.8%	-61.9%	-98.4%	-98.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,785	-204	-182	-185	-33.6	-4.3	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	5,559	580	572	562	102.1	10.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	5,549	163	193	515	93.5	2.9	May 13, 2024	J-GAAP
Apr - Jun, 2024	4,285	-423	-384	-279	-50.7	-9.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	4,535	-464	-520	-374	-67.9	-10.2	Nov 8, 2024	J-GAAP
YoY	-5.2%	-127.5%	-185.7%	-102.2%	-102.2%