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

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 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%

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