ROCK FIELD, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 16% Decrease

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.

Fri Dec 6, 2024 3:00 pm JST Earnings

2910 ROCK FIELD CO.,LTD. 【J-GAAP】

Earnings Report

ROCK FIELD CO.,LTD. <2910> [TSE Prime] announced its financial results in the afternoon session on December 6th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending April 2025 (May to October) decreased 22.2% from the same period last year to 684 million yen, resulting in a decrease in profits compared to the previous forecast of a 15.8% increase.

In addition, the full-year consolidated ordinary profit has downwardly 27.7%, from the previous forecast of 2.08 billion yen to 1.5 billion yen (compared to 1.78 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 15.6% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the November to April period (second half) is expected to decrease 9.3% from the same period last year to 822 million yen.

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit decreased to 330 million yen, a 11.3% decrease compared to the same period last year. The operating profit margin worsened from 2.9% in the same period last year to 2.4%.

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
May - Oct, 2022	24,396	700	729	457	17.2	46.6	Dec 2, 2022	J-GAAP
May - Oct, 2023	25,107	840	879	568	21.4	49.2	Dec 5, 2023	J-GAAP
May - Oct, 2024	25,301	638	684	110	4.2	45.4	Dec 6, 2024	J-GAAP
YoY	+0.8%	-24.0%	-22.2%	-80.6%	-80.2%

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	26,183	987	1,018	329	12.6	9	Jun 11, 2024	J-GAAP
May - Oct, 2024 Results	25,301	638	684	110	4.2	9	Dec 6, 2024	J-GAAP
Revision Rate	-3.4%	-35.4%	-32.8%	-66.6%	-66.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2025 Prev	53,467	2,042	2,083	1,035	39.6	23	Jun 11, 2024	J-GAAP
Apr, 2025 New	51,891	1,451	1,506	627	24.0	23	Dec 6, 2024	J-GAAP
Revision Rate	-2.9%	-28.9%	-27.7%	-39.4%	-39.4%

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	26,250	898	906	684	25.8	14	Jun 11, 2024	J-GAAP
Nov - Apr, 2024 Guidance	26,590	813	822	517	19.8	14	Dec 6, 2024	J-GAAP
YoY	+1.3%	-9.5%	-9.3%	-24.4%	-23.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023	49,970	1,500	1,564	1,078	40.6	22	Jun 9, 2023	J-GAAP
Apr, 2024	51,357	1,738	1,785	1,252	47.2	23	Jun 11, 2024	J-GAAP
Apr, 2025 Guidance	51,891	1,451	1,506	627	24.0	23	Dec 6, 2024	J-GAAP
YoY	+1.0%	-16.5%	-15.6%	-49.9%	-49.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	12,527	358	372	242	9.1	2.9	Dec 5, 2023	J-GAAP
Nov - Jan, 2023	14,183	773	785	531	20.0	5.5	Mar 5, 2024	J-GAAP
Feb - Apr, 2024	12,067	125	121	153	5.8	1.0	Jun 11, 2024	J-GAAP
May - Jul, 2024	12,657	334	354	-103	-4.0	2.6	Sep 5, 2024	J-GAAP
Aug - Oct, 2024	12,644	304	330	213	8.2	2.4	Dec 6, 2024	J-GAAP
YoY	+0.9%	-15.1%	-11.3%	-12.0%	-9.9%