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en Japan Inc., July-September (2Q) Ordinary Profit Decreases by 35%

Thu Nov 14, 2024 3:45 pm JST Earnings

4849 en Inc. 【J-GAAP】

Earnings Report

en Japan Inc. <4849> [TSE-P] announced its financial results after the market closed on November 14th (15:45). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.13 billion yen, an increase of 59.2% compared to the same period last year. However, The progress rate against the 8.01 billion yen full-year plan was 26.7%, also falling below the five-year average of 47.7%.

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 45.9% from the same period last year, reaching 5.87 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 298 million yen, a 35.4% decrease compared to the same period last year. However, the operating profit margin improved from 2.0% in the same period last year to 4.2%.

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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 32,404 2,700 2,941 1,865 41.6 72.2 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 33,079 1,081 1,344 775 18.8 25.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 32,512 2,380 2,139 5,194 127.2 26.7 Nov 14, 2024 J-GAAP
YoY -1.7% +120.2% +59.2% +570.2% +575.1%

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 9, 2024 J-GAAP
Apr - Sep, 2024 Results 32,512 2,380 2,139 5,194 127.2 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 34,582 4,080 4,025 3,421 83.5 70.10 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 40,488 5,720 5,872 4,136 101.2 70.10 Nov 14, 2024 J-GAAP
YoY +17.1% +40.2% +45.9% +20.9% +21.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 67,716 4,249 4,072 2,695 61.0 70.10 May 11, 2023 J-GAAP
Mar, 2024 67,661 5,161 5,369 4,196 102.4 70.10 May 9, 2024 J-GAAP
Mar, 2025 Guidance 73,000 8,100 8,011 9,330 228.4 70.10 Jul 18, 2024 J-GAAP
YoY +7.9% +56.9% +49.2% +122.4% +123.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 16,580 326 461 190 4.6 2.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 16,655 1,463 1,478 1,557 37.9 8.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 17,927 2,617 2,547 1,864 45.5 14.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 16,246 1,693 1,841 1,206 29.5 10.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 16,266 687 298 3,988 97.7 4.2 Nov 14, 2024 J-GAAP
YoY -1.9% +110.7% -35.4% +1,998.9% +2,013.6%

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