BOOKOFF, Sep-Nov (2Q) Ordinary Profit Decreases by 30%

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Fri Jan 10, 2025 3:30 pm JST Earnings

9278 BOOKOFF GROUP HOLDINGS LIMITED 【J-GAAP】

Earnings Report

BOOKOFF GROUP HOLDINGS LIMITED <9278> [TSE Prime] 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) expanded 1.71 billion yen, an increase 35.1% compared to the same period last year. The progress rate toward the full-year plan of 3.8 billion yen was 45.1%, exceeding the three-year average of 35.2%.

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 decrease 4.3% from the same period last year to 2.08 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit dropped to 0.51 billion yen, a 30.2% decrease compared to the same period last year. The operating profit margin worsened from 2.4% in the same period last year to 1.4%.

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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	48,568	984	1,224	921	46.6	40.3	Jan 12, 2023	J-GAAP
Jun - Nov, 2023	52,934	1,059	1,268	705	35.7	36.8	Jan 12, 2024	J-GAAP
Jun - Nov, 2024	56,781	1,498	1,713	912	46.2	45.1	Jan 10, 2025	J-GAAP
YoY	+7.3%	+41.5%	+35.1%	+29.4%	+29.4%

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	Oct 15, 2024	J-GAAP
Jun - Nov, 2024 Results	56,781	1,498	1,713	912	46.2	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	58,723	1,992	2,180	1,000	50.6	25	Oct 15, 2024	J-GAAP
Dec - May, 2024 Guidance	63,219	2,002	2,087	1,188	60.1	25	Jan 10, 2025	J-GAAP
YoY	+7.7%	+0.5%	-4.3%	+18.8%	+18.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	101,843	2,578	3,040	2,769	140.2	25	Jul 10, 2023	J-GAAP
May, 2024	111,657	3,051	3,448	1,705	86.3	25	Oct 15, 2024	J-GAAP
May, 2025 Guidance	120,000	3,500	3,800	2,100	106.2	25	Oct 15, 2024	J-GAAP
YoY	+7.5%	+14.7%	+10.2%	+23.2%	+23.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	26,751	650	744	397	20.1	2.4	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	29,454	1,696	1,806	1,208	61.1	5.8	Apr 11, 2024	J-GAAP
Mar - May, 2024	29,269	296	374	-208	-10.5	1.0	Oct 15, 2024	J-GAAP
Jun - Aug, 2024	28,292	1,112	1,194	577	29.2	3.9	Oct 22, 2024	J-GAAP
Sep - Nov, 2024	28,489	386	519	335	17.0	1.4	Jan 10, 2025	J-GAAP
YoY	+6.5%	-40.6%	-30.2%	-15.6%	-15.6%