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IZUMI, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 23%, Sep-Nov Ordinary Profit Decreases by 26%

Tue Jan 14, 2025 3:30 pm JST Earnings

8273 IZUMI CO.,LTD. 【J-GAAP】

Earnings Report

IZUMI CO.,LTD. <8273> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 23.1% from the same period last year to 17.1 billion yen. The progress rate toward the full-year plan of 26.3 billion yen was 65.3%, also falling below the five-year average of 67.9%.

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 decrease 8.7% from the same period last year to 9.12 billion yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit decreased to 4.82 billion yen, a 25.9% decrease compared to the same period last year. The operating profit margin worsened from 5.7% in the same period last year to 3.7%.

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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 333,922 22,198 22,496 15,264 213.5 65.4 Jan 10, 2023 J-GAAP
Mar - Nov, 2023 344,819 21,836 22,325 14,525 203.1 69.1 Jan 9, 2024 J-GAAP
Mar - Nov, 2024 373,266 17,005 17,173 11,858 165.8 65.3 Jan 14, 2025 J-GAAP
YoY +8.2% -22.1% -23.1% -18.4% -18.4%

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 237,846 15,907 16,510 10,025 140.2 45 Jun 27, 2024 J-GAAP
Sep - Feb, 2024 Guidance 288,630 14,426 13,908 6,189 86.5 45 Oct 15, 2024 J-GAAP
YoY +21.4% -9.3% -15.8% -38.3% -38.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 460,140 33,644 34,396 23,188 324.4 87 Apr 11, 2023 J-GAAP
Feb, 2024 471,166 31,425 32,322 20,485 286.5 89 Jun 27, 2024 J-GAAP
Feb, 2025 Guidance 527,300 26,500 26,300 14,400 201.3 90 Aug 28, 2024 J-GAAP
YoY +11.9% -15.7% -18.6% -29.7% -29.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 111,499 6,318 6,513 4,065 56.9 5.7 Jan 9, 2024 J-GAAP
Dec - Feb, 2023 126,347 9,589 9,997 5,960 83.4 7.6 Jun 27, 2024 J-GAAP
Mar - May, 2024 108,784 5,811 6,063 3,933 55.0 5.3 Aug 28, 2024 J-GAAP
Jun - Aug, 2024 129,886 6,263 6,329 4,278 59.8 4.8 Oct 15, 2024 J-GAAP
Sep - Nov, 2024 134,596 4,931 4,781 3,647 51.0 3.7 Jan 14, 2025 J-GAAP
YoY +20.7% -22.0% -26.6% -10.3% -10.3%

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