IK HOLDINGS, First Half Ordinary Profit Increases by 55%

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Tue Jan 14, 2025 2:30 pm JST Earnings

2722 IK HOLDINGS Co.,Ltd 【J-GAAP】

Earnings Report

IK HOLDINGS Co.,Ltd <2722> [TSE Std] announced its financial results in the afternoon session on January 14th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2025 (June to November) expanded 99 million yen, an increase 54.7% compared to the same period last year, exceeded the previous forecast of 82 million yen.

However, The progress rate toward the full-year plan of 390 million yen was 25.4%, also falling below the five-year average of 40.3%.

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 grow 5.4% from the same period last year, reaching 291 million yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit grew 10.3% from the same period last year, reaching 86 million yen. The operating profit margin remained almost flat, changing from 2.3% in the same period last year to 2.3%.

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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	7,239	-101	-82	-186	-24.3	ー	Jan 12, 2023	J-GAAP
Jun - Nov, 2023	6,695	65	64	-4	-0.5	18.8	Jan 15, 2024	J-GAAP
Jun - Nov, 2024	7,262	103	99	130	17.1	25.4	Jan 14, 2025	J-GAAP
YoY	+8.5%	+58.5%	+54.7%	－	－

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	7,490	86	82	100	13.3	0	Jul 12, 2024	J-GAAP
Jun - Nov, 2024 Results	7,262	103	99	130	17.1	0	Jan 14, 2025	J-GAAP
Revision Rate	-3.0%	+19.8%	+20.7%	+30.0%	+28.9%

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	7,354	276	276	233	30.3	5	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	8,248	297	291	170	22.6	8	Jan 14, 2025	J-GAAP
YoY	+12.2%	+7.6%	+5.4%	-27.0%	-25.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	14,179	-224	-205	-463	-60.3	0	Jul 13, 2023	J-GAAP
May, 2024	14,049	341	340	229	29.8	5	Jul 12, 2024	J-GAAP
May, 2025 Guidance	15,510	400	390	300	39.8	8	Jul 12, 2024	J-GAAP
YoY	+10.4%	+17.3%	+14.7%	+31.0%	+33.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	3,542	80	78	40	5.4	2.3	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	3,681	118	118	56	7.4	3.2	Apr 10, 2024	J-GAAP
Mar - May, 2024	3,673	158	158	177	23.0	4.3	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	3,258	10	13	66	8.7	0.3	Oct 8, 2024	J-GAAP
Sep - Nov, 2024	4,004	93	86	64	8.4	2.3	Jan 14, 2025	J-GAAP
YoY	+13.0%	+16.3%	+10.3%	+60.0%	+55.7%