Brass Corp, Aug-Oct (1Q) Ordinary Profit Decreases by 70%

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Fri Dec 13, 2024 4:00 pm JST Earnings

2424 Brass Corporation 【J-GAAP】

Earnings Report

Brass Corporation <2424> [TSE Std] announced its financial results after the market closed on December 13th (16:00). The consolidated ordinary profit for the first quarter of the fiscal year ending July 2025 (August to October) significantly dropped 69.9% from the same period last year to 82 million yen. The progress rate toward the plan for the six months ending January (first half) of 333 million yen was 24.6%, also falling below the five-year average of 51.5%.

In the most recent three-month period, from August to October (1Q), the operating profit margin drastically worsened from 8.3% in the same period last year to 2.3%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Aug - Oct, 2022	3,417	480	484	341	62.8	53.0	Dec 14, 2022	J-GAAP
Aug - Oct, 2023	3,212	265	272	171	31.5	68.7	Dec 14, 2023	J-GAAP
Aug - Oct, 2024	3,180	74	82	52	9.9	24.6	Dec 13, 2024	J-GAAP
YoY	-1.0%	-72.1%	-69.9%	-69.6%	-68.6%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	6,256	381	396	234	43.2	0	Mar 15, 2024	J-GAAP
Aug - Jan, 2024 Guidance	6,557	318	333	200	37.6	0	Sep 13, 2024	J-GAAP
YoY	+4.8%	-16.5%	-15.9%	-14.5%	-13.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2023	13,260	1,173	1,201	722	132.9	6	Sep 14, 2023	J-GAAP
Jul, 2024	12,726	454	488	275	51.1	8	Sep 13, 2024	J-GAAP
Jul, 2025 Guidance	13,780	581	611	367	69.0	8	Sep 13, 2024	J-GAAP
YoY	+8.3%	+28.0%	+25.2%	+33.5%	+35.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	3,212	265	272	171	31.5	8.3	Dec 14, 2023	J-GAAP
Nov - Jan, 2023	3,044	116	124	63	11.6	3.8	Mar 15, 2024	J-GAAP
Feb - Apr, 2024	3,327	79	89	50	9.3	2.4	Jun 14, 2024	J-GAAP
May - Jul, 2024	3,143	-6	3	-9	-1.7	-0.2	Sep 13, 2024	J-GAAP
Aug - Oct, 2024	3,180	74	82	52	9.9	2.3	Dec 13, 2024	J-GAAP
YoY	-1.0%	-72.1%	-69.9%	-69.6%	-68.6%