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ICHIKEN Co., Ltd., First Half Ordinary Profit Increases by 59%

Wed Nov 13, 2024 2:00 pm JST Earnings

1847 ICHIKEN Co., Ltd. 【J-GAAP】

Earnings Report

ICHIKEN Co., Ltd. <1847> [TSE-S] announced its financial results in the afternoon session on November 13th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3 billion yen, an increase of 58.7% compared to the previous period non-consolidated. The progress rate against the 4.65 billion yen full-year plan was 64.6%, also surpassing the five-year average of 51.4%.

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 decrease by 22.7% from the previous period non-consolidated to 1.64 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.17 billion yen, a 8.5% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 5.0% in the same period last year to 5.0%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

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 44,534 1,666 1,642 1,106 152.5 63.5 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 49,487 1,937 1,894 1,393 192.0 47.1 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 51,601 3,044 3,006 1,999 275.4 64.6 Nov 13, 2024 J-GAAP
YoY +4.3% +57.2% +58.7% +43.5% +43.5%

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 51,600 3,040 3,000 2,000 275.5 50 Oct 31, 2024 J-GAAP
Apr - Sep, 2024 Results 51,601 3,044 3,006 1,999 275.4 50 Nov 13, 2024 J-GAAP
Revision Rate +0.0% +0.1% +0.2% -0.1% 0.0%

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 46,886 2,163 2,126 1,545 212.9 65 May 17, 2024 J-GAAP
Oct - Mar, 2024 Guidance 46,399 1,706 1,644 1,151 158.6 80 Nov 13, 2024 J-GAAP
YoY -1.0% -21.1% -22.7% -25.5% -25.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 88,059 2,667 2,585 1,708 235.4 100 May 18, 2023 J-GAAP
Mar, 2024 96,373 4,100 4,020 2,938 404.8 110 May 17, 2024 J-GAAP
Mar, 2025 Guidance 98,000 4,750 4,650 3,150 434.0 130 Oct 31, 2024 J-GAAP
YoY +1.7% +15.9% +15.7% +7.2% +7.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 26,360 1,325 1,284 875 120.6 5.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 23,007 1,148 1,134 803 110.7 5.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 23,879 1,015 992 742 102.2 4.3 May 17, 2024 J-GAAP
Apr - Jun, 2024 26,950 1,821 1,831 1,239 170.8 6.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 24,651 1,223 1,175 760 104.7 5.0 Nov 13, 2024 J-GAAP
YoY -6.5% -7.7% -8.5% -13.1% -13.2%

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