Business One Holdings,Inc., First Half Ordinary Profit Decreases by 35%, July-September Ordinary Profit Decreases by 14%

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Tue Nov 12, 2024 2:30 pm JST Earnings

4827 Business One Holdings,Inc. 【J-GAAP】

Earnings Report

Business One Holdings,Inc. <4827> [FSE-Q] announced its financial results in the afternoon session on November 12th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 35.2% from the same period last year to 556 million yen. The progress rate against the 1.2 billion yen full-year plan was 46.3%, also falling below the five-year average of 67.5%.

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 surge by 2.2 times that of the same period last year, reaching 644 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 173 million yen, a 13.9% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 7.4% in the same period last year to 7.4%.

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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	6,167	1,006	916	630	152.0	91.1	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	6,616	931	858	579	139.7	74.2	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	7,154	663	556	396	95.5	46.3	Nov 12, 2024	J-GAAP
YoY	+8.1%	-28.8%	-35.2%	-31.6%	-31.6%

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	7,000	900	620	400	96.4	0	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	7,154	663	556	396	95.5	0	Nov 12, 2024	J-GAAP
Revision Rate	+2.2%	-26.3%	-10.3%	-1.0%	-0.9%

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	6,793	400	299	164	39.5	10	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,846	737	644	404	97.4	10	Nov 12, 2024	J-GAAP
YoY	+0.8%	+84.3%	+115.4%	+146.3%	+146.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	12,211	1,196	1,005	645	155.5	7	May 10, 2023	J-GAAP
Mar, 2024	13,409	1,331	1,157	743	179.1	10	May 9, 2024	J-GAAP
Mar, 2025 Guidance	14,000	1,400	1,200	800	192.8	10	May 9, 2024	J-GAAP
YoY	+4.4%	+5.2%	+3.7%	+7.7%	+7.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,054	226	201	123	29.7	7.4	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	3,054	272	213	122	29.4	8.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,739	128	86	42	10.1	3.4	May 9, 2024	J-GAAP
Apr - Jun, 2024	4,030	431	383	262	63.2	10.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,124	232	173	134	32.3	7.4	Nov 12, 2024	J-GAAP
YoY	+2.3%	+2.7%	-13.9%	+8.9%	+8.9%