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

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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%.

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	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%	－	－	－	－