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No.1, Mar-Nov (Cumulative 3Q) Ordinary Profit Increases by 2%

Fri Jan 10, 2025 3:30 pm JST Earnings

3562 No.1 Co.,Ltd 【J-GAAP】

Earnings Report

No.1 Co.,Ltd <3562> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) was 637 million yen, a 1.9% increase compared to the same period last year. The progress rate toward the full-year plan of 915 million yen was 69.6%, exceeding the five-year average of 54.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to significant drop 53.0% from the same period last year to 278 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit amounted to 157 million yen, remained almost flat compared to the same period last year. However, the operating profit margin worsened from 5.0% in the same period last year to 4.6%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Nov, 2022 9,590 769 766 651 99.5 67.0 Jan 13, 2023 J-GAAP
Mar - Nov, 2023 9,756 633 625 435 66.4 51.4 Jan 12, 2024 J-GAAP
Mar - Nov, 2024 10,252 637 637 296 44.5 69.6 Jan 10, 2025 J-GAAP
YoY +5.1% +0.6% +1.9% -32.0% -33.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 6,868 753 748 530 81.2 16.50 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 7,276 451 435 352 51.9 17.50 Oct 11, 2024 J-GAAP
YoY +5.9% -40.1% -41.8% -33.6% -36.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 13,308 1,150 1,143 911 138.7 32 Apr 14, 2023 J-GAAP
Feb, 2024 13,452 1,227 1,216 886 135.8 33 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 14,100 930 915 573 84.4 35 Apr 12, 2024 J-GAAP
YoY +4.8% -24.2% -24.8% -35.3% -37.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 3,172 159 157 79 12.1 5.0 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 3,696 594 591 451 69.1 16.1 Apr 12, 2024 J-GAAP
Mar - May, 2024 3,191 145 143 80 12.6 4.5 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 3,633 334 337 141 21.4 9.2 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 3,428 158 157 75 11.3 4.6 Jan 10, 2025 J-GAAP
YoY +8.1% -0.6% 0.0% -5.1% -6.5%

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