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EPCO Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 14%, July-September Ordinary Profit Decreases by 55%

Mon Nov 11, 2024 3:30 pm JST Earnings

2311 EPCO Co.,Ltd. 【J-GAAP】

Earnings Report

EPCO Co.,Ltd. <2311> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 14.4% from the same period last year to 184 million yen. The progress rate against the 411 million yen full-year plan was 44.8%, also falling below the five-year average of 71.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow by 8.1% from the same period last year, reaching 227 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit significantly dropped to 61 million yen, a 55.5% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 6.5% in the same period last year to 6.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 3,588 70 173 228 25.6 80.1 Nov 10, 2022 J-GAAP
Jan - Sep, 2023 3,712 139 215 284 31.8 50.6 Nov 8, 2023 J-GAAP
Jan - Sep, 2024 4,190 266 184 84 9.4 44.8 Nov 11, 2024 J-GAAP
YoY +12.9% +91.4% -14.4% -70.4% -70.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 2,655 107 347 449 50.3 18 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,866 101 288 425 47.5 18 Aug 8, 2024 J-GAAP
YoY +7.9% -5.6% -17.0% -5.3% -5.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 4,818 65 216 359 40.3 32 Feb 13, 2023 J-GAAP
Dec, 2023 5,059 161 425 626 70.1 32 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 5,660 273 411 485 54.2 32 Feb 13, 2024 J-GAAP
YoY +11.9% +69.6% -3.3% -22.5% -22.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,308 85 137 107 12.0 6.5 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 1,347 22 210 342 38.3 1.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,354 69 42 18 2.1 5.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,440 103 81 42 4.7 7.2 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,396 94 61 24 2.7 6.7 Nov 11, 2024 J-GAAP
YoY +6.7% +10.6% -55.5% -77.6% -77.5%

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