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YAMAKI CO.,LTD., First Half Ordinary Profit Decreases by 80%, July-September Ordinary Profit Turns to Loss

Thu Nov 14, 2024 3:30 pm JST Earnings

3598 YAMAKI CO.,LTD. 【J-GAAP】

Earnings Report

YAMAKI CO.,LTD. <3598> [TSE-S] 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 79.5% from the same period last year to 71 million yen. The progress rate against the 255 million yen full-year plan was 27.8%, also falling below the same period of the previous year of 132.4%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 184 million yen (compared to a loss of 85 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 150 million yen (compared to a profit of 8 million yen in the same period last year). The operating profit/loss margin worsened from 0.2% in the same period last year to -2.0%.

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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 5,829 -57 40 22 1.6 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 6,156 281 347 256 18.1 132.4 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 5,673 99 71 130 9.2 27.8 Nov 14, 2024 J-GAAP
YoY -7.8% -64.8% -79.5% -49.2% -48.9%

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 － 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 5,673 99 71 130 9.2 0 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

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 5,292 -60 -85 -42 -3.0 3 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,427 176 184 70 4.9 3 Nov 14, 2024 J-GAAP
YoY +21.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 11,397 -101 -79 468 33.1 0 May 15, 2023 J-GAAP
Mar, 2024 11,448 221 262 214 15.1 3 May 15, 2024 J-GAAP
Mar, 2025 Guidance 12,100 275 255 200 14.1 3 May 15, 2024 J-GAAP
YoY +5.7% +24.4% -2.7% -6.5% -6.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,735 5 8 -25 -1.8 0.2 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 2,536 18 -26 -5 -0.4 0.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,756 -78 -59 -37 -2.6 -2.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,209 148 221 280 19.8 4.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,464 -49 -150 -150 -10.7 -2.0 Nov 14, 2024 J-GAAP
YoY -9.9% － － -500.0% -505.7%

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