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IK HOLDINGS, First Half Ordinary Profit Increases by 55%

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%

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