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ITO EN,LTD., First Half Ordinary Profit Decreases by 19%

Mon Dec 2, 2024 3:30 pm JST Earnings

2593 ITO EN,LTD. 【J-GAAP】

Earnings Report

ITO EN,LTD. <2593> [TSE Prime] announced its financial results after the market closed on December 2nd (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending April 2025 (May to October) decreased by 19.2% from the same period last year to 14.6 billion yen. The progress rate against the 26.7 billion yen full-year plan was 54.7%, below the five-year average of 61.3%.

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 November to April period (second half) is expected to expand by 40.6% from the same period last year, reaching 12 billion yen.

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit amounted to 7.39 billion yen, a 2.1% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 5.8% in the same period last year to 5.7%.

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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
May - Oct, 2022 227,262 11,335 12,548 7,923 64.1 61.7 Dec 1, 2022 J-GAAP
May - Oct, 2023 242,527 17,046 18,089 11,209 91.0 67.8 Dec 1, 2023 J-GAAP
May - Oct, 2024 252,321 14,389 14,617 9,191 76.0 54.7 Dec 2, 2024 J-GAAP
YoY +4.0% -15.6% -19.2% -18.0% -16.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 Guidance ー ー ー ー － 22 Jun 3, 2024 J-GAAP
May - Oct, 2024 Results 252,321 14,389 14,617 9,191 76.0 22 Dec 2, 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
Nov - Apr, 2023 211,372 7,977 8,592 4,441 35.9 21 Jun 3, 2024 J-GAAP
Nov - Apr, 2024 Guidance 214,279 12,111 12,083 8,009 68.6 22 Dec 2, 2024 J-GAAP
YoY +1.4% +51.8% +40.6% +80.3% +91.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2023 431,674 19,588 20,341 12,888 103.8 40 Jun 1, 2023 J-GAAP
Apr, 2024 453,899 25,023 26,681 15,650 126.4 42 Jun 3, 2024 J-GAAP
Apr, 2025 Guidance 466,600 26,500 26,700 17,200 147.3 44 Jun 3, 2024 J-GAAP
YoY +2.8% +5.9% +0.1% +9.9% +16.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Aug - Oct, 2023 121,373 7,054 7,553 4,381 35.6 5.8 Dec 1, 2023 J-GAAP
Nov - Jan, 2023 103,724 4,712 4,892 3,034 24.7 4.5 Mar 1, 2024 J-GAAP
Feb - Apr, 2024 107,648 3,265 3,700 1,407 11.4 3.0 Jun 3, 2024 J-GAAP
May - Jul, 2024 125,039 7,128 7,219 4,440 37.3 5.7 Sep 2, 2024 J-GAAP
Aug - Oct, 2024 127,282 7,261 7,398 4,751 39.3 5.7 Dec 2, 2024 J-GAAP
YoY +4.9% +2.9% -2.1% +8.4% +10.4%

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