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Isetan Mitsukoshi Holdings Ltd., First Half Ordinary Profit Increases by 69%, July-September Ordinary Profit Increases by 37%

Wed Nov 13, 2024 3:30 pm JST Earnings

3099 Isetan Mitsukoshi Holdings Ltd. 【J-GAAP】

Earnings Report

Isetan Mitsukoshi Holdings Ltd. <3099> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 38.7 billion yen, an increase of 69.0% compared to the same period last year. The progress rate against the 77 billion yen full-year plan was 50.3%, almost the same as the five-year average of 48.7%.

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 3.6% from the same period last year, reaching 38.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 36.7% from the same period last year, reaching 17.5 billion yen. The operating profit margin significantly improved from 8.9% in the same period last year to 11.9%.

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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 222,874 8,946 9,542 7,771 20.4 31.8 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 248,518 20,190 22,907 14,865 38.9 38.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 264,093 34,884 38,711 25,394 67.9 50.3 Nov 13, 2024 J-GAAP
YoY +6.3% +72.8% +69.0% +70.8% +74.6%

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 － 24 Aug 9, 2024 J-GAAP
Apr - Sep, 2024 Results 264,093 34,884 38,711 25,394 67.9 24 Nov 13, 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 287,923 34,179 36,970 40,715 106.8 22 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 291,907 37,116 38,289 32,606 89.2 24 Nov 13, 2024 J-GAAP
YoY +1.4% +8.6% +3.6% -19.9% -16.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 487,407 29,606 30,017 32,377 84.8 14 May 9, 2023 J-GAAP
Mar, 2024 536,441 54,369 59,877 55,580 145.8 34 May 14, 2024 J-GAAP
Mar, 2025 Guidance 556,000 72,000 77,000 58,000 158.7 48 Aug 9, 2024 J-GAAP
YoY +3.6% +32.4% +28.6% +4.4% +8.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 129,838 11,536 12,806 8,060 21.1 8.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 153,253 20,749 22,069 16,243 42.5 13.5 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 134,670 13,430 14,901 24,472 64.2 10.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 129,694 18,868 21,209 13,702 36.6 14.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 134,399 16,016 17,502 11,692 31.3 11.9 Nov 13, 2024 J-GAAP
YoY +3.5% +38.8% +36.7% +45.1% +48.2%

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