kabutan

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

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%.

Kabutan News

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%

Related Articles