YAMAURA CORPORATION, First Half Ordinary Profit Decreases by 41%, Current Fiscal Year Dividend Revised Upward by 5 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 14, 2024 3:40 pm JST Earnings

1780 YAMAURA CORPORATION 【J-GAAP】

Earnings Report

YAMAURA CORPORATION <1780> [TSE-P] announced its financial results after the market closed on November 14th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 40.9% from the same period last year to 1.61 billion yen. The progress rate against the 4.2 billion yen full-year plan was 38.4%, also falling below the five-year average of 57.9%.

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 expand by 81.8% from the same period last year, reaching 2.58 billion yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 10 yen to 15 yen (compared to 10 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 701 million yen, a 59.5% decrease compared to the same period last year. The operating profit margin significantly dropped from 14.5% in the same period last year to 9.1%.

Kabutan News

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	12,555	1,139	729	345	42.4	37.1	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	20,740	2,748	2,726	1,899	100.3	65.7	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	14,845	1,580	1,611	1,059	56.0	38.4	Nov 14, 2024	J-GAAP
YoY	-28.4%	-42.5%	-40.9%	-44.2%	-44.2%

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	16,100	1,560	1,620	1,160	61.3	5	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	14,845	1,580	1,611	1,059	56.0	7.50	Nov 14, 2024	J-GAAP
Revision Rate	-7.8%	+1.3%	-0.6%	-8.7%	-8.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	37,530	4,110	4,200	2,920	154.3	10	May 15, 2024	J-GAAP
Mar, 2025 New	37,530	4,110	4,200	2,920	154.3	15	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	16,806	1,579	1,424	1,077	56.9	7.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	22,685	2,530	2,589	1,861	98.3	7.50	Nov 14, 2024	J-GAAP
YoY	+35.0%	+60.2%	+81.8%	+72.8%	+72.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	31,381	3,076	1,965	744	39.4	5	May 15, 2023	J-GAAP
Mar, 2024	37,546	4,327	4,150	2,976	157.2	10	May 15, 2024	J-GAAP
Mar, 2025 Guidance	37,530	4,110	4,200	2,920	154.3	15	Nov 14, 2024	J-GAAP
YoY	0.0%	-5.0%	+1.2%	-1.9%	-1.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	11,877	1,720	1,733	1,232	65.1	14.5	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	8,470	1,516	1,534	1,077	56.9	17.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	8,336	63	-110	0	0.0	0.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	7,106	873	910	561	29.7	12.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	7,739	707	701	498	26.3	9.1	Nov 14, 2024	J-GAAP
YoY	-34.8%	-58.9%	-59.5%	-59.6%	-59.5%