BANNERS CO.,LTD., First Half Ordinary Profit Increases by 60%, July-September Ordinary Profit Increases by 31%

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Tue Nov 12, 2024 3:30 pm JST Earnings

3011 BANNERS CO.,LTD. 【J-GAAP】

Earnings Report

BANNERS CO.,LTD. <3011> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 141 million yen, an increase of 60.2% compared to the same period last year. The progress rate against the 238 million yen full-year plan was 59.2%, also surpassing the five-year average of 29.4%.

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 drop by 37.0% from the same period last year to 97 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 31.5% from the same period last year, reaching 71 million yen. The operating profit margin improved from 5.4% in the same period last year to 6.1%.

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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	2,028	76	69	55	3.5	35.9	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	2,037	100	88	66	4.3	36.4	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	2,502	153	141	105	6.9	59.2	Nov 12, 2024	J-GAAP
YoY	+22.8%	+53.0%	+60.2%	+59.1%	+60.2%

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	－	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	2,502	153	141	105	6.9	－	Nov 12, 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	2,647	172	154	118	7.7	4	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,282	112	97	80	5.2	5	Nov 12, 2024	J-GAAP
YoY	-13.8%	-34.9%	-37.0%	-32.2%	-32.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,335	212	192	155	9.8	4	May 11, 2023	J-GAAP
Mar, 2024	4,684	272	242	184	12.0	4	May 14, 2024	J-GAAP
Mar, 2025 Guidance	4,784	265	238	185	12.1	5	May 14, 2024	J-GAAP
YoY	+2.1%	-2.6%	-1.7%	+0.5%	+0.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,114	60	54	42	2.7	5.4	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	1,303	67	60	45	3.0	5.1	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	1,344	105	94	73	4.8	7.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	1,265	77	70	51	3.3	6.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	1,237	76	71	54	3.5	6.1	Nov 12, 2024	J-GAAP
YoY	+11.0%	+26.7%	+31.5%	+28.6%	+29.2%