IKUYO CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Decreases by 31%

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Thu Nov 14, 2024 3:35 pm JST Earnings

7273 IKUYO CO.,LTD. 【J-GAAP】

Earnings Report

IKUYO CO.,LTD. <7273> [TSE-S] announced its financial results after the market closed on November 14th (15:35). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 44 million yen (compared to a profit of 138 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 65.1% from the same period last year to 199 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 65 million yen, a 30.9% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 1.3%.

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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	6,430	114	121	72	47.7	17.1	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	8,106	154	138	113	74.8	19.5	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	8,288	-54	-44	16	10.8	ー	Nov 14, 2024	J-GAAP
YoY	+2.2%	－	－	-85.8%	-85.5%

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	7,948	-123	-126	-55	-36.1	0	May 16, 2024	J-GAAP
Apr - Sep, 2024 Results	8,288	-54	-44	16	10.8	0	Nov 14, 2024	J-GAAP
Revision Rate	+4.3%	+56.1%	+65.1%	－	－

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	9,245	558	570	375	246.5	30	May 16, 2024	J-GAAP
Oct - Mar, 2024 Guidance	8,813	221	199	126	82.7	30	Nov 14, 2024	J-GAAP
YoY	-4.7%	-60.4%	-65.1%	-66.4%	-66.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,608	695	706	493	324.1	20	May 18, 2023	J-GAAP
Mar, 2024	17,351	712	708	488	320.7	30	May 16, 2024	J-GAAP
Mar, 2025 Guidance	17,101	167	155	142	93.2	30	May 16, 2024	J-GAAP
YoY	-1.4%	-76.5%	-78.1%	-70.9%	-70.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,355	117	94	87	57.6	2.7	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	4,315	47	60	62	40.8	1.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	4,930	511	510	313	205.7	10.4	May 16, 2024	J-GAAP
Apr - Jun, 2024	3,968	-112	-109	-109	-71.8	-2.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,320	58	65	125	84.6	1.3	Nov 14, 2024	J-GAAP
YoY	-0.8%	-50.4%	-30.9%	+43.7%	+47.0%