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YAMANAKA, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 50% Decrease

Mon Jan 27, 2025 1:00 pm JST Earnings

8190 YAMANAKA CO.,LTD. 【J-GAAP】

Earnings Report

YAMANAKA CO.,LTD. <8190> [NSE Main] announced its financial results in the afternoon session on January 27th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 61.8% from the same period last year to 0.18 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 60.0%, from the previous forecast of 1.2 billion yen to 0.48 billion yen (compared to 0.96 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 50.3% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 71.4%, from the previous forecast of 1 billion yen to 0.28 billion yen (compared to 0.56 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 48.6% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 0 billion yen (compared to a profit of 0.07 billion yen in the same period last year). The operating profit/loss margin worsened from 0.1% in the same period last year to -0.3%.

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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
Apr - Dec, 2022 64,226 -419 -302 -291 -15.2 ー Jan 23, 2023 J-GAAP
Apr - Dec, 2023 64,104 359 484 237 12.4 50.1 Jan 22, 2024 J-GAAP
Apr - Dec, 2024 62,950 64 185 120 6.3 38.5 Jan 27, 2025 J-GAAP
YoY -1.8% -82.2% -61.8% -49.4% -48.9%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 43,473 972 1,008 658 34.6 5 Oct 28, 2024 J-GAAP
Oct - Mar, 2024 New 42,273 222 288 178 9.4 5 Jan 27, 2025 J-GAAP
Revision Rate -2.8% -77.2% -71.4% -72.9% -72.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 86,000 1,100 1,200 800 42.0 10 May 10, 2024 J-GAAP
Mar, 2025 New 84,800 350 480 320 16.8 10 Jan 27, 2025 J-GAAP
Revision Rate -1.4% -68.2% -60.0% -60.0% -60.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 42,881 470 560 229 12.0 5 Apr 22, 2024 J-GAAP
Oct - Mar, 2024 Guidance 42,273 222 288 178 9.4 5 Jan 27, 2025 J-GAAP
YoY -1.4% -52.8% -48.6% -22.3% -21.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 86,657 32 173 -656 -34.2 8 Apr 24, 2023 J-GAAP
Mar, 2024 86,088 804 966 471 24.6 9 Apr 22, 2024 J-GAAP
Mar, 2025 Guidance 84,800 350 480 320 16.8 10 Jan 27, 2025 J-GAAP
YoY -1.5% -56.5% -50.3% -32.1% -31.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 20,897 25 78 -5 -0.3 0.1 Jan 22, 2024 J-GAAP
Jan - Mar, 2024 21,984 445 482 234 12.2 2.0 Apr 22, 2024 J-GAAP
Apr - Jun, 2024 20,970 100 125 128 6.7 0.5 Jul 22, 2024 J-GAAP
Jul - Sep, 2024 21,557 28 67 14 0.7 0.1 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 20,423 -64 -7 -22 -1.2 -0.3 Jan 27, 2025 J-GAAP
YoY -2.3% － － -340.0% -346.2%

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