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IWABUCHI CORPORATION, First Half Ordinary Profit Increases by 27%, July-September Ordinary Profit Increases by 6%

Wed Nov 13, 2024 3:45 pm JST Earnings

5983 IWABUCHI CORPORATION 【J-GAAP】

Earnings Report

IWABUCHI CORPORATION <5983> [TSE-S] announced its financial results after the market closed on November 13th (15:45). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 27.3% from the same period last year, reaching 415 million yen. The progress rate against the 735 million yen full-year plan was 56.5%, also surpassing the five-year average of 33.3%.

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 drop by 46.4% from the same period last year to 320 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 6.5% from the same period last year, reaching 231 million yen. However, the operating profit margin worsened from 7.2% in the same period last year to 6.5%.

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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 5,250 46 84 25 23.4 24.1 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 5,503 304 326 258 240.6 35.3 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 5,850 355 415 266 247.9 56.5 Nov 13, 2024 J-GAAP
YoY +6.3% +16.8% +27.3% +3.1% +3.0%

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 ー ー ー ー － 110 May 20, 2024 J-GAAP
Apr - Sep, 2024 Results 5,850 355 415 266 247.9 110 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 6,265 548 597 416 387.5 120 May 20, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,059 301 320 245 228.2 110 Nov 13, 2024 J-GAAP
YoY -3.3% -45.1% -46.4% -41.1% -41.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,082 255 348 785 731.3 200 May 22, 2023 J-GAAP
Mar, 2024 11,768 852 923 674 627.9 220 May 20, 2024 J-GAAP
Mar, 2025 Guidance 11,909 656 735 511 475.9 220 May 20, 2024 J-GAAP
YoY +1.2% -23.0% -20.4% -24.2% -24.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,049 219 217 168 156.7 7.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 3,155 228 283 196 182.6 7.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 3,110 320 314 220 204.9 10.3 May 20, 2024 J-GAAP
Apr - Jun, 2024 2,800 157 184 121 112.8 5.6 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 3,050 198 231 145 135.1 6.5 Nov 13, 2024 J-GAAP
YoY +0.0% -9.6% +6.5% -13.7% -13.7%

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