International Conglomerate of Distribution for Automobile Holdings Co., Ltd., First Half Ordinary Profit Unexpectedly Revised Upward by 31%

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 4:40 pm JST Earnings

3184 International Conglomerate of Distribution for Automobile Holdings Co., Ltd. 【J-GAAP】

Earnings Report

International Conglomerate of Distribution for Automobile Holdings Co., Ltd. <3184> [TSE-S] announced its financial results after the market closed on November 14th (16:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.06 billion yen, an increase of 31.1% compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 17.2% decrease.

The progress rate against the 1.55 billion yen full-year plan was 68.5%, also surpassing the five-year average of 53.5%.

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 52.1% from the same period last year to 489 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 18.4% from the same period last year, reaching 548 million yen. The operating profit margin remained almost flat, changing from 5.6% in the same period last year to 5.8%.

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	15,093	859	878	565	269.1	62.5	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	15,308	793	809	537	255.8	44.2	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	18,497	1,046	1,061	695	331.1	68.5	Nov 14, 2024	J-GAAP
YoY	+20.8%	+31.9%	+31.1%	+29.4%	+29.5%

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	16,861	661	670	434	206.7	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	18,497	1,046	1,061	695	331.1	0	Nov 14, 2024	J-GAAP
Revision Rate	+9.7%	+58.2%	+58.4%	+60.1%	+60.2%

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	17,793	1,004	1,021	393	187.3	50	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	16,503	490	489	324	154.3	50	Nov 14, 2024	J-GAAP
YoY	-7.3%	-51.2%	-52.1%	-17.6%	-17.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	30,496	1,372	1,404	883	420.8	50	May 15, 2023	J-GAAP
Mar, 2024	33,101	1,797	1,830	930	443.3	50	May 14, 2024	J-GAAP
Mar, 2025 Guidance	35,000	1,536	1,550	1,019	485.3	50	May 14, 2024	J-GAAP
YoY	+5.7%	-14.5%	-15.3%	+9.6%	+9.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,180	459	463	307	146.2	5.6	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	8,304	583	588	61	29.1	7.0	Mar 14, 2024	J-GAAP
Jan - Mar, 2024	9,489	421	433	332	158.3	4.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	9,115	500	513	347	165.6	5.5	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	9,382	546	548	348	165.8	5.8	Nov 14, 2024	J-GAAP
YoY	+14.7%	+19.0%	+18.4%	+13.4%	+13.4%