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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

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	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%