Iida Group Holdings Co., Ltd., First Half Net Income Decreases by 4%

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Mon Nov 11, 2024 4:30 pm JST Earnings

3291 Iida Group Holdings Co., Ltd. 【IFRS】

Earnings Report

Iida Group Holdings Co., Ltd. <3291> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 11th (16:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.2% from the same period last year to 23.6 billion yen. The progress rate against the 44 billion yen full-year plan was 53.8%, below the five-year average of 58.3%.

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 expand by 62.6% from the same period last year, reaching 20.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income grew by 11.6% from the same period last year, reaching 13.6 billion yen. The operating profit margin improved from 5.3% in the same period last year to 6.5%.

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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	678,126	65,004	75,974	53,399	185.7	71.3	Nov 8, 2022	IFRS
Apr - Sep, 2023	671,690	36,707	35,687	24,691	87.9	64.1	Nov 9, 2023	IFRS
Apr - Sep, 2024	687,119	37,921	34,182	23,653	84.4	50.3	Nov 11, 2024	IFRS
YoY	+2.3%	+3.3%	-4.2%	-4.2%	-4.0%

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	721,000	30,100	26,000	17,000	60.6	45	May 14, 2024	IFRS
Apr - Sep, 2024 Results	687,119	37,921	34,182	23,653	84.4	45	Nov 11, 2024	IFRS
Revision Rate	-4.7%	+26.0%	+31.5%	+39.1%	+39.1%

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	767,490	22,467	19,966	12,513	44.6	45	May 14, 2024	IFRS
Oct - Mar, 2024 Guidance	861,881	37,279	33,818	20,347	72.6	45	Nov 11, 2024	IFRS
YoY	+12.3%	+65.9%	+69.4%	+62.6%	+62.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,439,765	102,332	106,601	75,596	264.3	90	May 15, 2023	IFRS
Mar, 2024	1,439,180	59,174	55,653	37,204	132.6	90	May 14, 2024	IFRS
Mar, 2025 Guidance	1,549,000	75,200	68,000	44,000	156.9	90	May 14, 2024	IFRS
YoY	+7.6%	+27.1%	+22.2%	+18.3%	+18.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	354,755	18,830	17,338	12,213	43.5	5.3	Nov 9, 2023	IFRS
Oct - Dec, 2023	346,104	12,181	9,693	6,506	23.2	3.5	Feb 9, 2024	IFRS
Jan - Mar, 2024	421,386	10,286	10,273	6,007	21.4	2.4	May 14, 2024	IFRS
Apr - Jun, 2024	327,544	14,631	14,301	10,022	35.8	4.5	Aug 9, 2024	IFRS
Jul - Sep, 2024	359,575	23,290	19,881	13,631	48.6	6.5	Nov 11, 2024	IFRS
YoY	+1.4%	+23.7%	+14.7%	+11.6%	+11.8%