BIKEN TECHNO CORPORATION, First Half Ordinary Profit Decreases by 44%, July-September Ordinary Profit Decreases by 71%

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Wed Nov 13, 2024 4:00 pm JST Earnings

9791 BIKEN TECHNO CORPORATION 【J-GAAP】

Earnings Report

BIKEN TECHNO CORPORATION <9791> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 44.4% from the same period last year to 633 million yen. The progress rate against the 1.5 billion yen full-year plan was 42.2%, almost the same as the five-year average of 43.7%.

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 drop by 33.8% from the same period last year to 867 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 182 million yen, a 70.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.5% in the same period last year to 2.6%.

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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	17,620	1,262	1,466	940	124.7	58.9	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	17,170	1,029	1,139	716	94.9	46.5	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	16,727	564	633	406	53.8	42.2	Nov 13, 2024	J-GAAP
YoY	-2.6%	-45.2%	-44.4%	-43.3%	-43.3%

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	－	14	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	16,727	564	633	406	53.8	14	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	21,201	1,102	1,309	594	78.8	14	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,773	836	867	494	65.5	14	Nov 13, 2024	J-GAAP
YoY	-25.6%	-24.1%	-33.8%	-16.8%	-16.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,690	1,967	2,488	1,669	221.3	24	May 15, 2023	J-GAAP
Mar, 2024	38,371	2,131	2,448	1,310	173.7	28	May 15, 2024	J-GAAP
Mar, 2025 Guidance	32,500	1,400	1,500	900	119.3	28	May 15, 2024	J-GAAP
YoY	-15.3%	-34.3%	-38.7%	-31.3%	-31.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,472	551	623	402	53.3	6.5	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	8,356	296	303	-781	-104.3	3.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	12,845	806	1,006	1,375	182.3	6.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	8,417	344	451	283	37.6	4.1	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	8,310	220	182	123	16.3	2.6	Nov 13, 2024	J-GAAP
YoY	-1.9%	-60.1%	-70.8%	-69.4%	-69.4%