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YUASA TRADING CO.,LTD., First Half Ordinary Profit Revised Downward to an Unexpected 6%Decrease

Mon Nov 11, 2024 3:00 pm JST Earnings

8074 YUASA TRADING CO.,LTD. 【J-GAAP】

Earnings Report

YUASA TRADING CO.,LTD. <8074> [TSE-P] announced its financial results in the afternoon session on November 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 6.0% from the same period last year to 6.01 billion yen, resulting in a decrease in profits compared to the previous forecast of a 7.1% increase.

The progress rate against the 18 billion yen full-year plan was 33.4%, also falling below the five-year average of 40.7%.

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 grow by 28.4% from the same period last year, reaching 11.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 4 billion yen, a 14.6% decrease compared to the same period last year. The operating profit margin worsened from 3.3% in the same period last year to 2.8%.

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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 234,018 5,134 5,684 3,663 167.1 37.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 246,210 5,919 6,403 6,499 308.9 40.7 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 248,239 5,497 6,017 3,690 175.6 33.4 Nov 11, 2024 J-GAAP
YoY +0.8% -7.1% -6.0% -43.2% -43.2%

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 249,200 6,380 6,860 4,560 217.1 72 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 248,239 5,497 6,017 3,690 175.6 72 Nov 11, 2024 J-GAAP
Revision Rate -0.4% -13.8% -12.3% -19.1% -19.1%

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 280,359 8,804 9,334 5,313 252.7 96 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 294,161 11,503 11,983 8,310 395.1 118 Nov 11, 2024 J-GAAP
YoY +4.9% +30.7% +28.4% +56.4% +56.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 504,806 14,599 15,382 10,079 466.2 140 May 12, 2023 J-GAAP
Mar, 2024 526,569 14,723 15,737 11,812 561.9 182 May 10, 2024 J-GAAP
Mar, 2025 Guidance 542,400 17,000 18,000 12,000 570.5 190 May 10, 2024 J-GAAP
YoY +3.0% +15.5% +14.4% +1.6% +1.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 135,489 4,442 4,696 3,165 150.4 3.3 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 130,775 3,466 3,701 2,421 115.1 2.7 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 149,584 5,338 5,633 2,892 137.6 3.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 113,687 1,671 2,008 1,294 61.6 1.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 134,552 3,826 4,009 2,396 114.0 2.8 Nov 11, 2024 J-GAAP
YoY -0.7% -13.9% -14.6% -24.3% -24.2%

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