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

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%

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