Eidai Co.,Ltd., First Half Net Income Turns to Loss, July-September Net Income Turns to Loss

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Mon Nov 11, 2024 4:00 pm JST Earnings

7822 Eidai Co.,Ltd. 【J-GAAP】

Earnings Report

Eidai Co.,Ltd. <7822> [TSE-S] announced its financial results after the market closed on November 11th (16:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 426 million yen (compared to a profit of 75 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 consolidated net income for the October to March period (second half) is expected to significant drop by 80.1% from the same period last year to 626 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 286 million yen (compared to a profit of 969 million yen in the same period last year). The operating profit/loss margin worsened from 0.1% in the same period last year to -2.1%.

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	32,966	-712	-650	-522	-11.8	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	35,174	-129	-139	75	1.7	ー	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	34,006	-666	-700	-426	-9.7	ー	Nov 11, 2024	J-GAAP
YoY	-3.3%	-416.3%	-403.6%	－	－

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	ー	ー	ー	ー	－	5	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	34,006	-666	-700	-426	-9.7	5	Nov 11, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	36,491	497	460	3,144	71.2	5	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	37,994	916	750	626	14.2	5	Nov 11, 2024	J-GAAP
YoY	+4.1%	+84.3%	+63.0%	-80.1%	-80.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	69,787	-1,143	-1,309	-1,104	-25.0	10	May 12, 2023	J-GAAP
Mar, 2024	71,665	368	321	3,219	72.9	10	May 13, 2024	J-GAAP
Mar, 2025 Guidance	72,000	250	50	200	4.5	10	May 13, 2024	J-GAAP
YoY	+0.5%	-32.1%	-84.4%	-93.8%	-93.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	17,547	9	-6	969	22.0	0.1	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	19,079	592	598	323	7.3	3.1	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	17,412	-95	-138	2,821	63.9	-0.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	17,028	-301	-282	-140	-3.2	-1.8	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	16,978	-365	-418	-286	-6.5	-2.1	Nov 11, 2024	J-GAAP
YoY	-3.2%	－	-6,866.7%	－	－