Ishikawa Seisakusho,Ltd, First Half Ordinary Profit Increases by 4.5 times

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Mon Nov 11, 2024 3:30 pm JST Earnings

6208 Ishikawa Seisakusho,Ltd 【J-GAAP】

Earnings Report

Ishikawa Seisakusho,Ltd <6208> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 4.5 times that of the same period last year, reaching 309 million yen, exceeded the previous forecast of 190 million yen.

The progress rate against the 590 million yen full-year plan was 52.4%, also surpassing the progress rate of 27.3% from the same period of the previous year.

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 expand by 52.7% from the same period last year, reaching 281 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.0 times that of the same period last year, reaching 292 million yen. The operating profit margin drastically improved from 3.2% in the same period last year to 8.9%.

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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	5,613	38	51	30	4.8	23.5	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	5,877	68	69	38	6.1	27.3	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	6,064	319	309	215	33.8	52.4	Nov 11, 2024	J-GAAP
YoY	+3.2%	+369.1%	+347.8%	+465.8%	+458.4%

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	6,800	200	190	110	17.2	0	May 8, 2024	J-GAAP
Apr - Sep, 2024 Results	6,064	319	309	215	33.8	0	Nov 11, 2024	J-GAAP
Revision Rate	-10.8%	+59.5%	+62.6%	+95.5%	+96.3%

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	7,721	185	184	213	33.5	0	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,936	301	281	155	24.3	10	Nov 11, 2024	J-GAAP
YoY	+28.7%	+62.7%	+52.7%	-27.2%	-27.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,593	207	217	167	26.2	0	May 10, 2023	J-GAAP
Mar, 2024	13,598	253	253	251	39.5	0	May 8, 2024	J-GAAP
Mar, 2025 Guidance	16,000	620	590	370	58.0	10	May 8, 2024	J-GAAP
YoY	+17.7%	+145.1%	+133.2%	+47.4%	+46.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,326	105	96	79	12.6	3.2	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	2,415	-66	-62	-63	-10.1	-2.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	5,306	251	246	276	43.4	4.7	May 8, 2024	J-GAAP
Apr - Jun, 2024	2,595	11	17	18	2.9	0.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,469	308	292	197	31.0	8.9	Nov 11, 2024	J-GAAP
YoY	+4.3%	+193.3%	+204.2%	+149.4%	+146.1%