IG Port, First Half Ordinary Profit Increases by 11%

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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%