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ITFOR Inc, First Half Ordinary Profit Decreases by 8%, July-September Ordinary Profit Decreases by 20%

Tue Nov 12, 2024 3:30 pm JST Earnings

4743 ITFOR Inc 【J-GAAP】

Earnings Report

ITFOR Inc <4743> [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) decreased by 8.3% from the same period last year to 1.57 billion yen. The progress rate against the 3.85 billion yen full-year plan was 41.0%, also falling below the five-year average of 45.8%.

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 6.9% from the same period last year, reaching 2.27 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 765 million yen, a 20.1% decrease compared to the same period last year. The operating profit margin decreased from 19.0% in the same period last year to 16.1%.

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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 8,959 1,575 1,621 1,111 40.3 49.5 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 9,452 1,680 1,722 1,189 43.4 44.8 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 9,621 1,514 1,579 1,059 39.1 41.0 Nov 12, 2024 J-GAAP
YoY +1.8% -9.9% -8.3% -10.9% -9.9%

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 9,500 1,300 1,350 932 34.4 25 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 9,621 1,514 1,579 1,059 39.1 25 Nov 12, 2024 J-GAAP
Revision Rate +1.3% +16.5% +17.0% +13.6% +13.7%

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 11,200 2,057 2,124 1,581 58.1 40 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 12,379 2,286 2,271 1,691 64.0 25 Nov 12, 2024 J-GAAP
YoY +10.5% +11.1% +6.9% +7.0% +10.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,322 3,217 3,278 2,291 83.0 30 May 11, 2023 J-GAAP
Mar, 2024 20,652 3,737 3,846 2,770 101.8 40 May 9, 2024 J-GAAP
Mar, 2025 Guidance 22,000 3,800 3,850 2,750 104.1 50 May 9, 2024 J-GAAP
YoY +6.5% +1.7% +0.1% -0.7% +2.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,992 949 957 652 23.8 19.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 5,010 1,004 1,049 717 26.3 20.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 6,190 1,053 1,075 864 31.7 17.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 4,920 759 814 549 20.3 15.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 4,701 755 765 510 18.8 16.1 Nov 12, 2024 J-GAAP
YoY -5.8% -20.4% -20.1% -21.8% -20.8%

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