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Ekitan & Co.,Ltd., First Half Ordinary Profit Loss Narrows

Tue Nov 12, 2024 4:15 pm JST Earnings

3646 Ekitan & Co.,Ltd. 【J-GAAP】

Earnings Report

Ekitan & Co.,Ltd. <3646> [TSE-G] announced its financial results after the market closed on November 12th (16:15). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 3 million yen (compared to a loss of 71 million yen in the same period last year), a reduction in the deficit from the previous forecast of a loss of 7 million yen.

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 16.3% from the same period last year, reaching 114 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 9 million yen (compared to a loss of 30 million yen in the same period last year). The operating profit/loss margin significantly improved from -3.4% in the same period last year to 1.0%.

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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 1,529 63 65 48 8.9 62.5 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 1,941 -74 -71 -794 -163.9 ー Nov 9, 2023 J-GAAP
Apr - Sep, 2024 1,764 -10 -3 -15 -3.2 ー Nov 12, 2024 J-GAAP
YoY -9.1% +86.5% +95.8% +98.1% +98.1%

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 1,993 -15 -7 -10 -2.1 0 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 1,764 -10 -3 -15 -3.2 0 Nov 12, 2024 J-GAAP
Revision Rate -11.5% +33.3% +57.1% -50.0% -51.4%

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 2,097 97 98 58 12.0 14 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,563 111 114 88 18.6 14 Nov 12, 2024 J-GAAP
YoY +22.2% +14.4% +16.3% +51.7% +55.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,206 105 104 89 17.0 14 May 10, 2023 J-GAAP
Mar, 2024 4,038 23 27 -736 -152.0 14 May 9, 2024 J-GAAP
Mar, 2025 Guidance 4,327 101 111 73 15.5 14 May 9, 2024 J-GAAP
YoY +7.2% +339.1% +311.1% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 942 -32 -30 -753 -155.5 -3.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 1,103 59 60 51 10.5 5.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 994 38 38 7 1.5 3.8 May 9, 2024 J-GAAP
Apr - Jun, 2024 859 -19 -12 -18 -3.8 -2.2 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 905 9 9 3 0.6 1.0 Nov 12, 2024 J-GAAP
YoY -3.9% － － － －

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