ERI HOLDINGS, First Half Ordinary Profit Decreases by 29%

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Fri Dec 27, 2024 3:30 pm JST Earnings

6083 ERI HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

ERI HOLDINGS CO.,LTD. <6083> [TSE Std] announced its financial results after the market closed on December 27th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) decreased 28.7% from the same period last year to 0.6 billion yen. The progress rate toward the full-year plan of 2.1 billion yen was 28.6%, also falling below the five-year average of 43.7%.

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 December to May period (2H) is expected to grow 27.4% from the same period last year, reaching 1.49 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit amounted to 0.44 billion yen, an increase of 0.7% compared to the same period last year. However, the operating profit margin worsened from 10.0% in the same period last year to 8.9%.

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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
Jun - Nov, 2022	8,391	1,062	1,069	645	82.8	45.7	Dec 28, 2022	J-GAAP
Jun - Nov, 2023	8,661	835	843	506	65.6	41.7	Dec 28, 2023	J-GAAP
Jun - Nov, 2024	8,976	565	601	339	44.2	28.6	Dec 27, 2024	J-GAAP
YoY	+3.6%	-32.3%	-28.7%	-33.0%	-32.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2024 Guidance	ー	ー	ー	ー	－	30	Jul 9, 2024	J-GAAP
Jun - Nov, 2024 Results	8,976	565	601	339	44.2	30	Dec 27, 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
Dec - May, 2023	9,361	1,156	1,177	727	94.3	30	Jul 9, 2024	J-GAAP
Dec - May, 2024 Guidance	11,524	1,535	1,499	961	126.4	30	Dec 27, 2024	J-GAAP
YoY	+23.1%	+32.8%	+27.4%	+32.2%	+34.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	17,410	2,326	2,340	1,533	197.8	60	Jul 11, 2023	J-GAAP
May, 2024	18,022	1,991	2,020	1,233	159.9	60	Jul 9, 2024	J-GAAP
May, 2025 Guidance	20,500	2,100	2,100	1,300	171.0	60	Jul 9, 2024	J-GAAP
YoY	+13.7%	+5.5%	+4.0%	+5.4%	+6.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	4,461	444	437	265	34.4	10.0	Dec 28, 2023	J-GAAP
Dec - Feb, 2023	4,617	669	685	432	56.0	14.5	Mar 29, 2024	J-GAAP
Mar - May, 2024	4,744	487	492	295	38.3	10.3	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	4,107	133	161	52	6.8	3.2	Sep 30, 2024	J-GAAP
Sep - Nov, 2024	4,869	432	440	287	37.4	8.9	Dec 27, 2024	J-GAAP
YoY	+9.1%	-2.7%	+0.7%	+8.3%	+8.8%