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

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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	14,471	13,952	6,244	87.3	45	Oct 15, 2024	J-GAAP
YoY	+21.4%	-9.0%	-15.5%	-37.7%	-37.8%

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	6,218	6,285	4,223	59.0	4.8	Oct 15, 2024	J-GAAP
Sep - Nov, 2024	134,596	4,976	4,825	3,702	51.8	3.7	Jan 14, 2025	J-GAAP
YoY	+20.7%	-21.2%	-25.9%	-8.9%	-9.0%