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

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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	114	8.1	27.8	Nov 14, 2024	J-GAAP
YoY	-7.8%	-64.8%	-79.5%	-55.5%	-55.1%

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	114	8.1	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	86	6.1	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	264	18.7	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%	-506.3%