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GINZA YAMAGATAYA CO.,LTD., First Half Ordinary Profit Loss Widens

Mon Nov 11, 2024 3:30 pm JST Earnings

8215 GINZA YAMAGATAYA CO.,LTD. 【J-GAAP】

Earnings Report

GINZA YAMAGATAYA CO.,LTD. <8215> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 120 million yen (compared to a loss of 79 million yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 83 million yen.

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 42.1% from the same period last year, reaching 270 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 180 million yen (compared to a loss of 134 million yen in the same period last year). The operating profit/loss margin drastically worsened from -19.1% in the same period last year to -26.2%.

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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 1,657 -75 -38 -52 -30.7 ー Nov 10, 2022 J-GAAP
Apr - Sep, 2023 1,668 -112 -79 -55 -32.4 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 1,683 -150 -120 -133 -77.7 ー Nov 11, 2024 J-GAAP
YoY +0.9% -33.9% -51.9% -141.8% -139.7%

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 1,774 -106 -83 -93 -53.9 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 1,683 -150 -120 -133 -77.7 0 Nov 11, 2024 J-GAAP
Revision Rate -5.1% -41.5% -44.6% -43.0% -44.0%

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 2,117 176 190 145 84.5 25 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,322 264 270 263 152.5 30 Nov 11, 2024 J-GAAP
YoY +9.7% +50.0% +42.1% +81.4% +80.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,756 73 130 138 80.5 25 May 12, 2023 J-GAAP
Mar, 2024 3,785 64 111 90 52.5 25 May 13, 2024 J-GAAP
Mar, 2025 Guidance 4,005 114 150 130 75.4 30 May 13, 2024 J-GAAP
YoY +5.8% +78.1% +35.1% +44.4% +43.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 721 -138 -134 -137 -80.7 -19.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 1,162 147 153 142 83.1 12.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 955 29 37 3 1.8 3.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 995 30 60 47 27.4 3.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 688 -180 -180 -180 -105.1 -26.2 Nov 11, 2024 J-GAAP
YoY -4.6% -30.4% -34.3% -31.4% -30.2%

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