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IG Port, First Half Ordinary Profit Increases by 11%

Fri Jan 10, 2025 3:30 pm JST Earnings

3791 IG Port,Inc. 【J-GAAP】

Earnings Report

IG Port,Inc. <3791> [TSE Std] announced its financial results after the market closed on January 10th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) increased 10.8% from the same period last year, reaching 0.83 billion yen. However, the progress rate toward the full-year plan of 1.71 billion yen was 48.3%, also falling below the five-year average of 88.3%.

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 expand 40.7% from the same period last year, reaching 0.88 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit increased 33.4% from the same period last year, reaching 0.38 billion yen. The operating profit margin improved from 9.8% in the same period last year to 11.9%.

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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 5,622 476 513 382 20.3 51.4 Jan 13, 2023 J-GAAP
Jun - Nov, 2023 5,229 598 749 547 28.8 54.3 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 7,689 825 830 473 24.8 48.3 Jan 10, 2025 J-GAAP
YoY +47.0% +38.0% +10.8% -13.5% -13.9%

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 － 0 Jul 12, 2024 J-GAAP
Jun - Nov, 2024 Results 7,689 825 830 473 24.8 0 Jan 10, 2025 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 6,612 627 631 611 32.0 15 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance 5,304 912 888 643 33.6 15 Jan 10, 2025 J-GAAP
YoY -19.8% +45.5% +40.7% +5.2% +5.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 11,163 991 999 766 40.7 10 Jul 14, 2023 J-GAAP
May, 2024 11,841 1,225 1,380 1,158 60.7 15 Jul 12, 2024 J-GAAP
May, 2025 Guidance 12,993 1,737 1,718 1,116 58.3 15 Jul 12, 2024 J-GAAP
YoY +9.7% +41.8% +24.5% -3.6% -3.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 2,736 269 290 211 11.1 9.8 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 3,026 241 222 256 13.4 8.0 Apr 12, 2024 J-GAAP
Mar - May, 2024 3,586 386 409 355 18.6 10.8 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 4,479 444 443 231 12.1 9.9 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 3,210 381 387 242 12.7 11.9 Jan 10, 2025 J-GAAP
YoY +17.3% +41.6% +33.4% +14.7% +14.2%

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