ISEKI & CO.,LTD., January-September (Third Quarter Cumulative) Net Income Turns to Loss, July-September Net Income Decreases by 19%

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Thu Nov 14, 2024 3:00 pm JST Earnings

6310 ISEKI & CO.,LTD. 【J-GAAP】

Earnings Report

ISEKI & CO.,LTD. <6310> [TSE-P] announced its financial results in the afternoon session on November 14th (15:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 530 million yen (compared to a profit of 2.07 billion yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the October to December period (4Q) is expected to expand to a loss of 2.57 billion yen (compared to a loss of 2.05 billion yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net income decreased to 114 million yen, a 18.6% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 2.2% in the same period last year to 2.4%.

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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	125,394	3,160	3,882	3,482	154.0	103.2	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	132,977	3,614	3,873	2,079	92.0	185.1	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	128,579	3,109	2,917	-530	-23.4	291.7	Nov 14, 2024	J-GAAP
YoY	-3.3%	-14.0%	-24.7%	－	－

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	77,524	-488	-911	-1,910	-84.3	30	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	78,866	-210	-1,469	-2,456	-108.6	30	Aug 9, 2024	J-GAAP
YoY	+1.7%	+57.0%	-61.3%	-28.6%	-28.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	166,629	3,534	3,762	4,119	182.1	30	Feb 14, 2023	J-GAAP
Dec, 2023	169,916	2,253	2,092	29	1.3	30	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	170,000	2,000	1,000	-3,100	-137.0	30	Jul 18, 2024	J-GAAP
YoY	+0.0%	-11.2%	-52.2%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	40,585	873	870	140	6.2	2.2	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	36,939	-1,361	-1,781	-2,050	-90.5	-3.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	43,972	734	920	446	19.8	1.7	May 15, 2024	J-GAAP
Apr - Jun, 2024	47,162	1,476	1,549	-1,090	-48.2	3.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	37,445	899	448	114	5.0	2.4	Nov 14, 2024	J-GAAP
YoY	-7.7%	+3.0%	-48.5%	-18.6%	-18.6%