ECHO TRADING, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 29%, Sep-Nov Ordinary Profit Decreases by 56%

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Fri Jan 10, 2025 3:40 pm JST Earnings

7427 ECHO TRADING CO.,LTD. 【J-GAAP】

Earnings Report

ECHO TRADING CO.,LTD. <7427> [TSE Std] announced its financial results after the market closed on January 10th (15:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 28.8% from the same period last year to 1.01 billion yen. The progress rate toward the full-year plan of 1.78 billion yen was 56.8%, also falling below the five-year average of 71.3%.

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 surge 2.4 times that of the same period last year, reaching 0.77 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit significantly dropped to 0.16 billion yen, a 55.5% decrease compared to the same period last year. The operating profit margin worsened from 1.3% in the same period last year to 0.6%.

Kabutan News

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	72,481	688	710	481	79.9	79.2	Jan 11, 2023	J-GAAP
Mar - Nov, 2023	81,175	1,405	1,429	991	164.5	81.9	Jan 11, 2024	J-GAAP
Mar - Nov, 2024	80,695	1,004	1,017	810	134.7	56.8	Jan 10, 2025	J-GAAP
YoY	-0.6%	-28.5%	-28.8%	-18.3%	-18.1%

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	53,825	675	687	472	78.5	19	Apr 5, 2024	J-GAAP
Sep - Feb, 2024 Guidance	56,629	907	937	637	105.5	15	Oct 9, 2024	J-GAAP
YoY	+5.2%	+34.4%	+36.4%	+35.0%	+34.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	96,955	858	897	590	98.0	24	Apr 7, 2023	J-GAAP
Feb, 2024	107,406	1,719	1,745	1,213	201.7	33	Apr 5, 2024	J-GAAP
Feb, 2025 Guidance	110,000	1,754	1,789	1,345	222.8	30	Oct 9, 2024	J-GAAP
YoY	+2.4%	+2.0%	+2.5%	+10.9%	+10.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	27,594	361	371	250	41.5	1.3	Jan 11, 2024	J-GAAP
Dec - Feb, 2023	26,231	314	316	222	36.9	1.2	Apr 5, 2024	J-GAAP
Mar - May, 2024	26,734	320	325	211	35.2	1.2	Jul 10, 2024	J-GAAP
Jun - Aug, 2024	26,637	527	527	497	82.8	2.0	Oct 9, 2024	J-GAAP
Sep - Nov, 2024	27,324	157	165	102	17.0	0.6	Jan 10, 2025	J-GAAP
YoY	-1.0%	-56.5%	-55.5%	-59.2%	-59.1%