GANTAN BEAUTY INDUSTRY CO.,LTD., First Half Ordinary Profit Increases by 2.1 times, Postponed Dividend for This Fiscal Year

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Wed Nov 13, 2024 4:00 pm JST Earnings

5935 GANTAN BEAUTY INDUSTRY CO.,LTD. 【J-GAAP】

Earnings Report

GANTAN BEAUTY INDUSTRY CO.,LTD. <5935> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.1 times that of the same period last year, reaching 541 million yen, exceeded the previous forecast of 317 million yen.

The progress rate against the 802 million yen full-year plan was 67.5%, also surpassing the five-year average of 60.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 20.9% from the same period last year to 261 million yen.

At the same time, In conjunction with a Tender Offer Bid (TOB), the company has decided to forgo the year-end lump-sum dividend of 25 yen for the current fiscal year.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 35.1% from the same period last year, reaching 400 million yen. The operating profit margin improved from 8.1% in the same period last year to 9.0%.

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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	6,254	450	472	297	77.5	53.6	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	6,599	239	257	146	38.6	43.8	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	7,939	530	541	261	69.0	67.5	Nov 13, 2024	J-GAAP
YoY	+20.3%	+121.8%	+110.5%	+78.8%	+78.9%

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	7,900	307	317	206	54.4	0	Aug 9, 2024	J-GAAP
Apr - Sep, 2024 Results	7,939	530	541	261	69.0	0	Nov 13, 2024	J-GAAP
Revision Rate	+0.5%	+72.6%	+70.7%	+26.7%	+26.8%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	16,800	800	802	521	137.7	25	Aug 9, 2024	J-GAAP
Mar, 2025 New	16,800	800	802	521	137.7	0	Nov 13, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	7,653	327	330	238	62.8	25	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,861	270	261	260	68.7	0	Nov 13, 2024	J-GAAP
YoY	+15.8%	-17.4%	-20.9%	+9.2%	+9.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,662	855	881	610	159.2	40	May 15, 2023	J-GAAP
Mar, 2024	14,252	566	587	384	101.3	25	May 15, 2024	J-GAAP
Mar, 2025 Guidance	16,800	800	802	521	137.7	0	Nov 13, 2024	J-GAAP
YoY	+17.9%	+41.3%	+36.6%	+35.7%	+35.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,648	296	296	178	47.0	8.1	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	4,216	360	359	202	53.4	8.5	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	3,437	-33	-29	36	9.5	-1.0	May 15, 2024	J-GAAP
Apr - Jun, 2024	3,500	129	141	100	26.6	3.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,439	401	400	161	42.6	9.0	Nov 13, 2024	J-GAAP
YoY	+21.7%	+35.5%	+35.1%	-9.6%	-9.5%