BEAUTY GARAGE, First Half Ordinary Profit Decreases by 16%

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Mon Dec 9, 2024 3:30 pm JST Earnings

3180 BEAUTY GARAGE Inc. 【J-GAAP】

Earnings Report

BEAUTY GARAGE Inc. <3180> [TSE Prime] announced its financial results after the market closed on December 9th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending April 2025 (May to October) decreased 16.4% from the same period last year to 652 million yen, fell short of the previous forecast of 779 million yen.

The progress rate against the 1.81 billion yen full-year plan was 35.9%, also falling below the five-year average of 41.4%.

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 grow 23.9% from the same period last year, reaching 1.16 billion yen.

In the most recent three-month period, from August to October (2Q), the consolidated ordinary profit decreased to 340 million yen, a 11.7% decrease compared to the same period last year. The operating profit margin worsened from 5.3% in the same period last year to 4.0%.

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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	12,644	509	511	348	27.6	37.7	Dec 8, 2022	J-GAAP
May - Oct, 2023	14,341	766	780	527	41.7	45.4	Dec 7, 2023	J-GAAP
May - Oct, 2024	16,183	647	652	442	35.0	35.9	Dec 9, 2024	J-GAAP
YoY	+12.8%	-15.5%	-16.4%	-16.1%	-16.2%

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	16,381	780	779	507	40.1	7	Jun 10, 2024	J-GAAP
May - Oct, 2024 Results	16,183	647	652	442	35.0	7	Dec 9, 2024	J-GAAP
Revision Rate	-1.2%	-17.1%	-16.3%	-12.8%	-12.8%

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	15,499	934	939	557	44.1	7	Jun 10, 2024	J-GAAP
Nov - Apr, 2024 Guidance	17,804	1,169	1,163	768	61.3	7	Dec 9, 2024	J-GAAP
YoY	+14.9%	+25.2%	+23.9%	+37.9%	+39.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023	26,429	1,357	1,354	865	68.5	10	Jun 8, 2023	J-GAAP
Apr, 2024	29,840	1,700	1,719	1,084	85.8	13	Jun 10, 2024	J-GAAP
Apr, 2025 Guidance	33,987	1,816	1,815	1,210	96.5	14	Jun 10, 2024	J-GAAP
YoY	+13.9%	+6.8%	+5.6%	+11.6%	+12.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	7,165	382	385	267	21.1	5.3	Dec 7, 2023	J-GAAP
Nov - Jan, 2023	7,321	404	400	247	19.6	5.5	Mar 7, 2024	J-GAAP
Feb - Apr, 2024	8,178	530	539	310	24.5	6.5	Jun 10, 2024	J-GAAP
May - Jul, 2024	7,881	315	312	244	19.3	4.0	Sep 9, 2024	J-GAAP
Aug - Oct, 2024	8,302	332	340	198	15.7	4.0	Dec 9, 2024	J-GAAP
YoY	+15.9%	-13.1%	-11.7%	-25.8%	-25.9%