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ERI HOLDINGS, First Half Ordinary Profit Decreases by 29%

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%

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