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YAMABIKO CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward by 9%, Adds to Record High Profit Forecast

Thu Nov 14, 2024 2:00 pm JST Earnings

6250 YAMABIKO CORPORATION 【J-GAAP】

Earnings Report

YAMABIKO CORPORATION <6250> [TSE-P] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 23.3% from the same period last year, reaching 17 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 8.8%, from the previous forecast of 17 billion yen to 18.5 billion yen (compared to 14 billion yen in the previous period), increasing the growth rate from 20.9% to 31.5%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) is expected to increase by 34.7%, from the previous forecast of 4.32 billion yen to 5.82 billion yen (compared to 3.43 billion yen in the same period of the previous year), increasing the growth rate from 26.0% to 69.6%.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 37.2% from the same period last year, reaching 4.34 billion yen. The operating profit margin drastically improved from 8.0% in the same period last year to 14.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 121,610 9,475 11,022 8,198 197.1 119.6 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 117,821 13,253 13,796 9,051 217.5 98.1 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 127,151 17,238 17,017 13,430 326.3 92.0 Nov 14, 2024 J-GAAP
YoY +7.9% +30.1% +23.3% +48.4% +50.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 73,594 6,114 4,328 2,953 71.9 40 Aug 9, 2024 J-GAAP
Jul - Dec, 2024 New 75,594 7,114 5,828 3,953 96.2 40 Nov 14, 2024 J-GAAP
Revision Rate +2.7% +16.4% +34.7% +33.9% +33.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 160,000 17,500 17,000 13,000 316.5 80 Aug 9, 2024 J-GAAP
Dec, 2024 New 162,000 18,500 18,500 14,000 340.8 80 Nov 14, 2024 J-GAAP
Revision Rate +1.3% +5.7% +8.8% +7.7% +7.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 71,247 4,006 3,436 2,379 57.3 29 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 75,594 7,114 5,828 3,953 96.2 40 Nov 14, 2024 J-GAAP
YoY +6.1% +77.6% +69.6% +66.2% +68.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 156,159 8,688 9,217 6,299 151.5 52 Feb 13, 2023 J-GAAP
Dec, 2023 151,400 14,230 14,066 9,097 219.0 55 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 162,000 18,500 18,500 14,000 340.8 80 Nov 14, 2024 J-GAAP
YoY +7.0% +30.0% +31.5% +53.9% +55.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 37,668 3,029 3,166 2,333 56.1 8.0 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 33,579 977 270 46 1.1 2.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 40,805 6,119 6,792 5,535 134.0 15.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 45,601 5,267 5,880 4,512 109.5 11.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 40,745 5,852 4,345 3,383 82.2 14.4 Nov 14, 2024 J-GAAP
YoY +8.2% +93.2% +37.2% +45.0% +46.6%

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