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

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

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%.

Kabutan News

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	62.7	25	Nov 12, 2024	J-GAAP
YoY	+10.5%	+11.1%	+6.9%	+7.0%	+8.0%

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	102.0	50	May 9, 2024	J-GAAP
YoY	+6.5%	+1.7%	+0.1%	-0.7%	+0.2%

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%