Innovation Holdings CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 24% Increase

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Wed Nov 13, 2024 3:30 pm JST Earnings

3484 Innovation Holdings CO.,LTD. 【J-GAAP】

Earnings Report

Innovation Holdings CO.,LTD. <3484> [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) increased by 25.1% from the same period last year, reaching 698 million yen, resulting in an increase in profits compared to the previous forecast of a 19.0% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 32.7%, from the previous forecast of 942 million yen to 1.25 billion yen (compared to 1.01 billion yen in the previous period), turning to a 23.6% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 21.9% from the same period last year, reaching 552 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 50.9% from the same period last year, reaching 424 million yen. The operating profit margin improved from 7.6% in the same period last year to 9.2%.

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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	6,103	554	581	398	22.6	45.9	Nov 2, 2022	J-GAAP
Apr - Sep, 2023	7,098	525	558	381	22.6	55.2	Nov 2, 2023	J-GAAP
Apr - Sep, 2024	8,288	684	698	469	28.0	55.8	Nov 13, 2024	J-GAAP
YoY	+16.8%	+30.3%	+25.1%	+23.1%	+23.7%

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	8,066	434	452	311	18.5	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	8,288	684	698	469	28.0	0	Nov 13, 2024	J-GAAP
Revision Rate	+2.8%	+57.6%	+54.4%	+50.8%	+51.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	16,840	907	942	630	37.6	21	May 13, 2024	J-GAAP
Mar, 2025 New	16,657	1,228	1,250	832	49.6	21	Nov 13, 2024	J-GAAP
Revision Rate	-1.1%	+35.4%	+32.7%	+32.1%	+32.1%

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	7,165	449	453	285	17.0	20	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,369	544	552	363	21.6	21	Nov 13, 2024	J-GAAP
YoY	+16.8%	+21.2%	+21.9%	+27.4%	+27.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,070	1,212	1,266	885	50.3	16	May 11, 2023	J-GAAP
Mar, 2024	14,263	974	1,011	666	39.6	20	May 13, 2024	J-GAAP
Mar, 2025 Guidance	16,657	1,228	1,250	832	49.6	21	Nov 13, 2024	J-GAAP
YoY	+16.8%	+26.1%	+23.6%	+24.9%	+25.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,688	281	281	192	11.4	7.6	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	3,423	195	203	138	8.2	5.7	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	3,742	254	250	147	8.7	6.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,788	271	274	184	11.0	7.2	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	4,500	413	424	285	17.0	9.2	Nov 13, 2024	J-GAAP
YoY	+22.0%	+47.0%	+50.9%	+48.4%	+49.1%