IWATANI CORPORATION, July-September (2Q) Ordinary Profit Decreases by 4%

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Tue Nov 12, 2024 4:00 pm JST Earnings

8088 IWATANI CORPORATION 【J-GAAP】

Earnings Report

IWATANI CORPORATION <8088> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 22.5% from the same period last year, reaching 22.2 billion yen. However, The progress rate against the 72.8 billion yen full-year plan was 30.6%, almost the same as the five-year average of 31.7%.

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 5.2% from the same period last year, reaching 50.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 7.24 billion yen, a 4.3% decrease compared to the same period last year. However, the operating profit margin improved from 3.2% in the same period last year to 3.8%.

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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	413,218	14,321	18,307	12,606	54.8	38.9	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	394,211	14,591	18,187	12,062	52.4	27.5	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	400,004	16,140	22,283	15,085	65.6	30.6	Nov 12, 2024	J-GAAP
YoY	+1.5%	+10.6%	+22.5%	+25.1%	+25.0%

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	400,004	16,140	22,283	15,085	65.6	－	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	453,677	36,044	48,015	35,301	153.4	32.50	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	501,996	36,560	50,517	38,915	169.1	32.50	Nov 12, 2024	J-GAAP
YoY	+10.7%	+1.4%	+5.2%	+10.2%	+10.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	906,261	40,035	47,011	32,022	139.2	23.75	May 15, 2023	J-GAAP
Mar, 2024	847,888	50,635	66,202	47,363	205.8	32.50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	902,000	52,700	72,800	54,000	234.6	32.50	Jun 19, 2024	J-GAAP
YoY	+6.4%	+4.1%	+10.0%	+14.0%	+14.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	192,302	6,079	7,573	4,890	21.3	3.2	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	223,302	17,315	18,583	12,107	52.6	7.8	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	230,375	18,729	29,432	23,194	100.8	8.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	197,519	8,419	15,038	11,601	50.4	4.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	202,485	7,721	7,245	3,484	15.1	3.8	Nov 12, 2024	J-GAAP
YoY	+5.3%	+27.0%	-4.3%	-28.8%	-28.8%