Yamadai Corporation, First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Loss Widens

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Mon Nov 11, 2024 3:10 pm JST Earnings

7426 Yamadai Corporation 【J-GAAP】

Earnings Report

Yamadai Corporation <7426> [TSE-S] announced its financial results in the afternoon session on November 11th (15:10). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 237 million yen (compared to a loss of 30 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary loss for the October to March period (second half) is expected to further decrease to loss of 57 million yen (compared to a loss of 94 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary loss expanded to a loss of 121 million yen (compared to a loss of 14 million yen in the same period last year). The operating profit/loss margin drastically worsened from -1.4% in the same period last year to -15.7%.

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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	2,357	100	108	64	57.8	59.7	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	2,398	-39	-30	-35	-32.2	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	1,567	-244	-237	-238	-215.0	ー	Nov 11, 2024	J-GAAP
YoY	-34.7%	-525.6%	-690.0%	-580.0%	-567.3%

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	1,685	-226	-219	-220	-198.1	0	Aug 5, 2024	J-GAAP
Apr - Sep, 2024 Results	1,567	-244	-237	-238	-215.0	0	Nov 11, 2024	J-GAAP
Revision Rate	-7.0%	-8.0%	-8.2%	-8.2%	-8.6%

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	2,082	-108	-94	-117	-105.6	25	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,849	-65	-57	-59	-53.1	30	Nov 11, 2024	J-GAAP
YoY	+36.8%	+39.8%	+39.4%	+49.6%	+49.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	5,055	157	181	102	92.7	30	May 12, 2023	J-GAAP
Mar, 2024	4,480	-147	-124	-152	-137.1	25	May 13, 2024	J-GAAP
Mar, 2025 Guidance	4,416	-309	-294	-297	-267.4	30	Aug 5, 2024	J-GAAP
YoY	-1.4%	-110.2%	-137.1%	-95.4%	-95.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,309	-18	-14	-14	-12.9	-1.4	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	1,233	-17	-7	-29	-26.3	-1.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	849	-91	-87	-88	-79.4	-10.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	784	-121	-116	-116	-105.3	-15.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	783	-123	-121	-122	-110.2	-15.7	Nov 11, 2024	J-GAAP
YoY	-40.2%	-583.3%	-764.3%	-771.4%	-755.1%