JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD., First Half Ordinary Profit Increases by 30%, The Undetermined Dividend to Rise by 5 yen

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Tue Nov 12, 2024 3:30 pm JST Earnings

6544 JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. <6544> [TSE-P] 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 3.94 billion yen, an increase of 30.2% compared to the same period last year. The progress rate against the 8 billion yen full-year plan was 49.3%, exceeding the five-year average of 44.6%.

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 grow by 6.1% from the same period last year, reaching 4.05 billion yen.

At the same time, the company has decided to implement a year-end lump-sum dividend of 30 yen for the current fiscal year, which was previously undecided (compared to 25 yen in the prior term).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.4% from the same period last year, reaching 2 billion yen. The operating profit margin rose from 16.3% in the same period last year to 17.1%.

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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	15,987	2,073	2,168	1,401	15.8	42.5	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	19,887	3,005	3,031	1,930	21.7	44.2	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	23,264	3,926	3,946	2,522	28.3	49.3	Nov 12, 2024	J-GAAP
YoY	+17.0%	+30.6%	+30.2%	+30.7%	+30.6%

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	ー	ー	ー	ー	－	－	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	23,264	3,926	3,946	2,522	28.3	－	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	47,000	8,000	8,000	5,100	57.3	－	May 13, 2024	J-GAAP
Mar, 2025 New	47,000	8,000	8,000	5,100	57.3	30	Nov 12, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	22,329	3,816	3,820	2,585	29.0	25	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	23,736	4,074	4,054	2,578	29.0	30	Nov 12, 2024	J-GAAP
YoY	+6.3%	+6.8%	+6.1%	-0.3%	-0.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,907	5,010	5,100	3,153	35.5	17	May 12, 2023	J-GAAP
Mar, 2024	42,216	6,821	6,851	4,515	50.7	25	May 13, 2024	J-GAAP
Mar, 2025 Guidance	47,000	8,000	8,000	5,100	57.3	30	Nov 12, 2024	J-GAAP
YoY	+11.3%	+17.3%	+16.8%	+13.0%	+12.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,393	1,697	1,705	1,093	12.3	16.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	10,600	1,767	1,767	1,121	12.6	16.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	11,729	2,049	2,053	1,464	16.4	17.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	11,544	1,924	1,945	1,256	14.1	16.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	11,720	2,002	2,001	1,266	14.2	17.1	Nov 12, 2024	J-GAAP
YoY	+12.8%	+18.0%	+17.4%	+15.8%	+15.8%