YAGI & CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 4%, Dividend Revised Upward by 10 yen

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Fri Nov 8, 2024 4:00 pm JST Earnings

7460 YAGI & CO.,LTD. 【J-GAAP】

Earnings Report

YAGI & CO.,LTD. <7460> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 11.0% from the same period last year, reaching 1.08 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 4.5%, from the previous forecast of 3.35 billion yen to 3.5 billion yen (compared to 3.2 billion yen in the previous period), increasing the growth rate from 4.5% to 9.2%.

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 grow by 8.4% from the same period last year, reaching 2.41 billion yen.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 68 yen to 78 yen (compared to 63 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 310 million yen, an increase of 1.3% compared to the same period last year. The operating profit margin improved from 1.4% in the same period last year to 2.2%.

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	40,493	325	616	419	50.4	31.6	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	41,024	925	974	662	79.8	30.4	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	39,303	1,090	1,081	714	85.6	30.9	Nov 8, 2024	J-GAAP
YoY	-4.2%	+17.8%	+11.0%	+7.9%	+7.3%

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	39,303	1,090	1,081	714	85.6	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	87,000	3,240	3,350	2,130	254.0	68	May 10, 2024	J-GAAP
Mar, 2025 New	83,000	3,400	3,500	2,200	262.4	78	Nov 8, 2024	J-GAAP
Revision Rate	-4.6%	+4.9%	+4.5%	+3.3%	+3.3%

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	41,822	2,256	2,231	1,413	169.9	63	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	43,697	2,310	2,419	1,486	177.2	78	Nov 8, 2024	J-GAAP
YoY	+4.5%	+2.4%	+8.4%	+5.2%	+4.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	86,422	1,943	1,952	1,013	121.8	48	May 12, 2023	J-GAAP
Mar, 2024	82,846	3,181	3,205	2,075	249.5	63	May 10, 2024	J-GAAP
Mar, 2025 Guidance	83,000	3,400	3,500	2,200	262.4	78	Nov 8, 2024	J-GAAP
YoY	+0.2%	+6.9%	+9.2%	+6.0%	+5.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	20,818	300	306	248	29.9	1.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	21,436	1,547	1,661	1,114	134.1	7.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	20,386	709	570	299	36.0	3.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	19,942	671	771	482	57.9	3.4	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	19,361	419	310	232	27.8	2.2	Nov 8, 2024	J-GAAP
YoY	-7.0%	+39.7%	+1.3%	-6.5%	-6.9%