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

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%

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