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BOURBON, The Current Fiscal Year Ordinary Profit Revised Upward by 26%, Exceeded Record Profit Forecast

Thu Jan 30, 2025 3:45 pm JST Earnings

2208 BOURBON CORPORATION 【J-GAAP】

Earnings Report

BOURBON CORPORATION <2208> [TSE Std] announced its financial results after the market closed on January 30th (15:45). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.3 times that of the same period last year, reaching 5.2 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 25.9%, from the previous forecast of 5.4 billion yen to 6.8 billion yen (compared to 4.28 billion yen in the previous period), increasing the growth rate from 26.1% to 58.8%. The company has further increased its previous forecast of record profits for the first time in seven years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 41.9%, from the previous forecast of 3.34 billion yen to 4.74 billion yen (compared to 3.63 billion yen in the same period of the previous year), turning to a 30.5% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.0 times that of the same period last year, reaching 3.14 billion yen. The operating profit margin significantly improved from 5.6% in the same period last year to 9.1%.

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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 70,598 663 840 479 20.0 45.7 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 75,275 1,967 2,217 1,607 66.9 51.8 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 82,824 4,932 5,200 3,682 153.1 76.5 Jan 30, 2025 J-GAAP
YoY +10.0% +150.7% +134.6% +129.1% +128.8%

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 60,019 3,340 3,345 2,079 86.0 18.50 Oct 30, 2024 J-GAAP
Oct - Mar, 2024 New 60,919 4,440 4,745 3,279 135.6 18.50 Jan 30, 2025 J-GAAP
Revision Rate +1.5% +32.9% +41.9% +57.7% +57.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 111,300 5,400 5,400 3,800 157.2 37 Oct 30, 2024 J-GAAP
Mar, 2025 New 112,200 6,500 6,800 5,000 206.8 37 Jan 30, 2025 J-GAAP
Revision Rate +0.8% +20.4% +25.9% +31.6% +31.6%

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 57,555 3,487 3,636 2,613 108.8 13.50 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 60,919 4,440 4,745 3,279 135.6 18.50 Jan 30, 2025 J-GAAP
YoY +5.8% +27.3% +30.5% +25.5% +24.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 97,383 1,613 1,838 1,096 45.6 26 Apr 28, 2023 J-GAAP
Mar, 2024 103,717 3,810 4,283 3,071 127.9 27 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 112,200 6,500 6,800 5,000 206.8 37 Jan 30, 2025 J-GAAP
YoY +8.2% +70.6% +58.8% +62.8% +61.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 29,113 1,644 1,570 1,149 47.9 5.6 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 28,442 1,843 2,066 1,464 61.0 6.5 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 27,085 1,609 1,916 1,518 63.2 5.9 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 24,196 451 139 203 8.5 1.9 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 31,543 2,872 3,145 1,961 81.6 9.1 Jan 30, 2025 J-GAAP
YoY +8.3% +74.7% +100.3% +70.7% +70.4%

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