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

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%.

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

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