YOKOWO CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 22%

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Fri Nov 8, 2024 4:00 pm JST Earnings

6800 YOKOWO CO.,LTD. 【J-GAAP】

Earnings Report

YOKOWO CO.,LTD. <6800> [TSE-P] 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) dropped by 37.4% from the same period last year to 1.06 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 21.7%, from the previous forecast of 3 billion yen to 3.65 billion yen (compared to 3.71 billion yen in the previous period), and the declining rate is expected to decrease from 19.1% to 1.6%.

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 28.7% from the same period last year, reaching 2.58 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 953 million yen (compared to a profit of 545 million yen in the same period last year). However, the operating profit margin significantly improved from 0.7% in the same period last year to 5.3%.

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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	40,207	3,507	6,538	4,179	179.3	115.2	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	36,794	-120	1,701	958	41.1	45.8	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	40,809	2,105	1,064	575	24.7	29.2	Nov 8, 2024	J-GAAP
YoY	+10.9%	－	-37.4%	-40.0%	-40.0%

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	40,000	1,800	1,150	750	32.2	24	Aug 8, 2024	J-GAAP
Apr - Sep, 2024 Results	40,809	2,105	1,064	575	24.7	24	Nov 8, 2024	J-GAAP
Revision Rate	+2.0%	+16.9%	-7.5%	-23.3%	-23.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	80,000	4,100	3,000	2,000	85.8	48	Aug 8, 2024	J-GAAP
Mar, 2025 New	82,000	4,450	3,650	2,350	100.8	48	Nov 8, 2024	J-GAAP
Revision Rate	+2.5%	+8.5%	+21.7%	+17.5%	+17.5%

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	40,101	1,737	2,009	553	23.7	22	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	41,191	2,345	2,586	1,775	76.1	24	Nov 8, 2024	J-GAAP
YoY	+2.7%	+35.0%	+28.7%	+221.0%	+220.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	77,962	4,739	5,675	3,147	135.0	50	May 12, 2023	J-GAAP
Mar, 2024	76,895	1,617	3,710	1,511	64.9	44	May 14, 2024	J-GAAP
Mar, 2025 Guidance	82,000	4,450	3,650	2,350	100.8	48	Nov 8, 2024	J-GAAP
YoY	+6.6%	+175.2%	-1.6%	+55.5%	+55.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	18,613	138	545	130	5.6	0.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	20,310	867	63	5	0.2	4.3	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	19,791	870	1,946	548	23.5	4.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	20,877	1,056	2,017	1,728	74.2	5.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	19,932	1,049	-953	-1,153	-49.5	5.3	Nov 8, 2024	J-GAAP
YoY	+7.1%	+660.1%	－	－	－