IMURAYA GROUP CO., LTD., First Half Ordinary Profit Increases by 3%

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Fri Nov 8, 2024 3:40 pm JST Earnings

2209 IMURAYA GROUP CO., LTD. 【J-GAAP】

Earnings Report

IMURAYA GROUP CO., LTD. <2209> [TSE-P] announced its financial results after the market closed on November 8th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.41 billion yen, a 2.5% increase compared to the same period last year. The progress rate against the 2.7 billion yen full-year plan was 52.3%, also surpassing the five-year average of 42.1%.

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 15.7% from the same period last year to 1.28 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.22 billion yen, a 4.0% decrease compared to the same period last year. However, the operating profit margin improved from 8.6% in the same period last year to 9.9%.

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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	21,493	1,143	1,526	1,337	102.2	66.8	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	22,979	1,104	1,378	954	72.9	47.5	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	24,385	1,433	1,413	1,057	80.8	52.3	Nov 8, 2024	J-GAAP
YoY	+6.1%	+29.8%	+2.5%	+10.8%	+10.9%

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	24,385	1,433	1,413	1,057	80.8	0	Oct 25, 2024	J-GAAP
Apr - Sep, 2024 Results	24,385	1,433	1,413	1,057	80.8	0	Nov 8, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.1%

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	25,243	1,433	1,526	976	74.6	31	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	25,115	1,167	1,287	793	60.6	31	Oct 25, 2024	J-GAAP
YoY	-0.5%	-18.6%	-15.7%	-18.8%	-18.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	44,685	1,992	2,284	1,611	123.2	28	May 11, 2023	J-GAAP
Mar, 2024	48,222	2,537	2,904	1,930	147.6	31	May 9, 2024	J-GAAP
Mar, 2025 Guidance	49,500	2,600	2,700	1,850	141.4	31	May 9, 2024	J-GAAP
YoY	+2.7%	+2.5%	-7.0%	-4.1%	-4.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,858	1,196	1,278	915	69.9	8.6	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	14,013	1,124	1,076	738	56.4	8.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	11,230	309	450	238	18.2	2.8	May 9, 2024	J-GAAP
Apr - Jun, 2024	9,918	7	186	166	12.7	0.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	14,467	1,426	1,227	891	68.1	9.9	Nov 8, 2024	J-GAAP
YoY	+4.4%	+19.2%	-4.0%	-2.6%	-2.6%