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YAMAZAKI CO., LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 2.3 times

Fri Nov 8, 2024 4:00 pm JST Earnings

6147 YAMAZAKI CO., LTD. 【J-GAAP】

Earnings Report

YAMAZAKI CO., LTD. <6147> [TSE-S] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 53 million yen (compared to a loss of 94 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has been revised upward by 2.3 times, from the previous forecast of 30 million yen to 70 million yen (compared to a loss of 86 million yen in the previous period).

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 surge by 2.1 times that of the same period last year, reaching 17 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 46 million yen (compared to a loss of 60 million yen in the same period last year). The operating profit/loss margin drastically improved from -12.0% in the same period last year to 6.1%.

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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 1,319 -107 -95 -100 -22.7 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 1,145 -111 -94 -102 -23.1 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 1,565 56 53 37 8.4 75.7 Nov 8, 2024 J-GAAP
YoY +36.7% － － － －

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 1,565 56 53 37 8.3 0 Nov 1, 2024 J-GAAP
Apr - Sep, 2024 Results 1,565 56 53 37 8.4 0 Nov 8, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 3,000 50 30 10 2.3 10 May 10, 2024 J-GAAP
Mar, 2025 New 3,100 80 70 50 11.3 10 Nov 8, 2024 J-GAAP
Revision Rate +3.3% +60.0% +133.3% +400.0% +400.9%

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 1,351 14 8 69 15.6 10 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,535 24 17 13 2.9 10 Nov 8, 2024 J-GAAP
YoY +13.6% +71.4% +112.5% -81.2% -81.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,655 -228 -213 -111 -25.1 10 May 12, 2023 J-GAAP
Mar, 2024 2,496 -97 -86 -33 -7.4 10 May 10, 2024 J-GAAP
Mar, 2025 Guidance 3,100 80 70 50 11.3 10 Nov 8, 2024 J-GAAP
YoY +24.2% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 524 -63 -60 -65 -14.7 -12.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 605 1 3 26 5.9 0.2 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 746 13 5 43 9.7 1.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 645 0 7 -1 -0.3 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 920 56 46 38 8.6 6.1 Nov 8, 2024 J-GAAP
YoY +75.6% － － － －

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