ISHIZUKA GLASS, The Current Fiscal Year Ordinary Profit Revised Upward by 21%

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Fri Jan 31, 2025 1:00 pm JST Earnings

5204 ISHIZUKA GLASS CO.,LTD. 【J-GAAP】

Earnings Report

ISHIZUKA GLASS CO.,LTD. <5204> [TSE Std] announced its financial results in the afternoon session on January 31st (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 32.8% from the same period last year to 3.36 billion yen.

However, the full-year consolidated ordinary profit has been revised upward 21.4%, from the previous forecast of 2.8 billion yen to 3.4 billion yen (compared to 5.36 billion yen in the previous period), and the declining rate is expected to decrease from 47.8% to 36.6%.

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) has been revised upward 20 times, from the previous forecast of 0.03 billion yen to 0.63 billion yen (compared to 2.12 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 98.5% to 70.2%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.59 billion yen, a 66.2% decrease compared to the same period last year. The operating profit margin significantly dropped from 11.5% in the same period last year to 6.4%.

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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	43,860	2,037	2,347	197	47.2	101.3	Jan 30, 2023	J-GAAP
Apr - Dec, 2023	44,914	4,932	5,011	4,025	965.8	93.5	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	43,313	3,426	3,366	2,544	609.3	99.0	Jan 31, 2025	J-GAAP
YoY	-3.6%	-30.5%	-32.8%	-36.8%	-36.9%

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	28,177	295	32	156	37.3	60	Oct 24, 2024	J-GAAP
Oct - Mar, 2024 New	28,177	995	632	556	132.9	60	Jan 31, 2025	J-GAAP
Revision Rate	0.0%	+237.3%	+1,875.0%	+256.4%	+256.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	57,000	2,800	2,800	2,100	501.8	60	Oct 24, 2024	J-GAAP
Mar, 2025 New	57,000	3,500	3,400	2,500	597.4	60	Jan 31, 2025	J-GAAP
Revision Rate	0.0%	+25.0%	+21.4%	+19.0%	+19.0%

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	28,027	2,258	2,122	2,246	538.8	60	Apr 25, 2024	J-GAAP
Oct - Mar, 2024 Guidance	28,177	995	632	556	132.9	60	Jan 31, 2025	J-GAAP
YoY	+0.5%	-55.9%	-70.2%	-75.2%	-75.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	56,749	2,210	2,317	252	60.3	35	Apr 26, 2023	J-GAAP
Mar, 2024	57,882	5,456	5,362	4,707	1,129.2	60	Apr 25, 2024	J-GAAP
Mar, 2025 Guidance	57,000	3,500	3,400	2,500	597.4	60	Jan 31, 2025	J-GAAP
YoY	-1.5%	-35.9%	-36.6%	-46.9%	-47.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	15,059	1,734	1,771	1,564	375.3	11.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	12,968	524	351	682	163.6	4.0	Apr 25, 2024	J-GAAP
Apr - Jun, 2024	14,300	1,320	1,417	971	232.9	9.2	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	14,523	1,185	1,351	973	233.4	8.2	Oct 24, 2024	J-GAAP
Oct - Dec, 2024	14,490	921	598	600	143.7	6.4	Jan 31, 2025	J-GAAP
YoY	-3.8%	-46.9%	-66.2%	-61.6%	-61.7%