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Y.A.C.HOLDINGS CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 30%

Thu Nov 14, 2024 3:30 pm JST Earnings

6298 Y.A.C.HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

Y.A.C.HOLDINGS CO.,LTD. <6298> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 63.5% from the same period last year to 314 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 30.0%, from the previous forecast of 3 billion yen to 2.1 billion yen (compared to 2.07 billion yen in the previous period), leading to a reduction in the profit growth rate from 44.6% to 1.3%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 47.2% from the same period last year, reaching 1.78 billion yen.

At the same time, Due to a planned 1-to-2 stock split is scheduled for December 31, the the annual dividend has been revised from the original plan of 75 yen to 55 yen (equivalent to 75 yen before the stock split), but the actual dividend remains unchanged.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 247 million yen, a 67.0% decrease compared to the same period last year. The operating profit margin decreased from 10.4% in the same period last year to 8.7%.

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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 10,976 473 577 325 17.8 37.4 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 11,506 710 861 700 38.2 41.5 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 11,291 601 314 23 1.3 15.0 Nov 14, 2024 J-GAAP
YoY -1.9% -15.4% -63.5% -96.7% -96.6%

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 ー ー ー ー － 17.50 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 11,291 601 314 23 1.3 17.50 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 32,000 3,200 3,000 2,000 108.6 37.50 May 14, 2024 J-GAAP
Mar, 2025 New 28,000 2,500 2,100 1,500 81.4 37.50 Nov 14, 2024 J-GAAP
Revision Rate -12.5% -21.9% -30.0% -25.0% -25.0%

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 15,303 1,296 1,213 717 39.1 20 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 16,709 1,899 1,786 1,477 80.2 20 Nov 14, 2024 J-GAAP
YoY +9.2% +46.5% +47.2% +106.0% +105.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 24,114 1,495 1,541 921 50.3 37.50 May 11, 2023 J-GAAP
Mar, 2024 26,809 2,006 2,074 1,417 77.2 37.50 May 14, 2024 J-GAAP
Mar, 2025 Guidance 28,000 2,500 2,100 1,500 81.4 37.50 Nov 14, 2024 J-GAAP
YoY +4.4% +24.6% +1.3% +5.9% +5.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,714 699 749 675 36.8 10.4 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 6,065 360 197 30 1.6 5.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 9,238 936 1,016 687 37.4 10.1 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,430 94 67 -34 -1.9 1.7 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 5,861 507 247 57 3.2 8.7 Nov 14, 2024 J-GAAP
YoY -12.7% -27.5% -67.0% -91.6% -91.3%

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