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IVY COSMETICS CORPORATION, First Half Net Income Turns to Loss, July-September Net Income Decreases by 10%

Tue Nov 12, 2024 4:00 pm JST Earnings

4918 IVY COSMETICS CORPORATION 【J-GAAP】

Earnings Report

IVY COSMETICS CORPORATION <4918> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The net income/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 186 million yen (compared to a profit of 191 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the net income/loss for the October to March period (second half) is expected to turn into a profit of 266 million yen (compared to a loss of 31 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the net income decreased to 401 million yen, a 9.9% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 38.6% in the same period last year to 38.7%.

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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 1,414 -62 -64 -59 -15.3 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 1,498 204 201 191 35.7 107.5 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 1,381 189 185 -186 -40.0 41.1 Nov 12, 2024 J-GAAP
YoY -7.8% -7.4% -8.0%

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 1,400 190 190 -170 -33.8 0 Sep 24, 2024 J-GAAP
Apr - Sep, 2024 Results 1,381 189 185 -186 -40.0 0 Nov 12, 2024 J-GAAP
Revision Rate -1.4% -0.5% -2.6% -9.4% -18.3%

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 1,215 -17 -14 -31 -5.1 0 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,519 261 265 266 47.0 0 Nov 12, 2024 J-GAAP
YoY +25.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,942 -18 -21 -384 -85.2 0 May 11, 2023 J-GAAP
Mar, 2024 2,713 187 187 160 26.1 0 May 14, 2024 J-GAAP
Mar, 2025 Guidance 2,900 450 450 80 14.1 0 Sep 24, 2024 J-GAAP
YoY +6.9% +140.6% +140.6% -50.0% -45.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,164 449 449 445 83.2 38.6 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 229 -291 -289 -288 -71.5 -127.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 986 274 275 257 42.0 27.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 270 -241 -244 -587 -118.3 -89.3 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 1,111 430 429 401 86.2 38.7 Nov 12, 2024 J-GAAP
YoY -4.6% -4.2% -4.5% -9.9% +3.5%

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