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

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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	35.6	37.4	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	11,506	710	861	700	76.3	41.5	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	11,291	601	314	23	2.6	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	－	35	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	11,291	601	314	23	2.6	35	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	217.2	75	May 14, 2024	J-GAAP
Mar, 2025 New	28,000	2,500	2,100	1,500	162.9	75	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	78.1	40	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	16,709	1,899	1,786	1,477	160.4	40	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	100.6	75	May 11, 2023	J-GAAP
Mar, 2024	26,809	2,006	2,074	1,417	154.3	75	May 14, 2024	J-GAAP
Mar, 2025 Guidance	28,000	2,500	2,100	1,500	162.9	75	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	73.6	10.4	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	6,065	360	197	30	3.3	5.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	9,238	936	1,016	687	74.8	10.1	May 14, 2024	J-GAAP
Apr - Jun, 2024	5,430	94	67	-34	-3.7	1.7	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	5,861	507	247	57	6.4	8.7	Nov 14, 2024	J-GAAP
YoY	-12.7%	-27.5%	-67.0%	-91.6%	-91.3%