YAHAGI CONSTRUCTION, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 63%, Oct-Dec Ordinary Profit Decreases by 73%

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Thu Feb 6, 2025 2:00 pm JST Earnings

1870 YAHAGI CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

YAHAGI CONSTRUCTION CO.,LTD. <1870> [TSE Prime] announced its financial results in the afternoon session on February 6th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 63.1% from the same period last year to 3.37 billion yen. The progress rate toward the full-year plan of 8.2 billion yen was 41.1%, also falling below the five-year average of 66.8%.

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 January to March period (4Q) is expected to surge 11 times that of the same period last year, reaching 4.82 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 2.04 billion yen, a 73.0% decrease compared to the same period last year. The operating profit margin sharply declined from 19.5% in the same period last year to 5.3%.

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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	73,061	3,382	3,448	2,316	53.9	47.5	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	90,821	9,041	9,155	6,258	145.5	95.5	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	97,109	3,318	3,374	2,318	53.9	41.1	Feb 6, 2025	J-GAAP
YoY	+6.9%	-63.3%	-63.1%	-63.0%	-63.0%

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	67,666	8,027	8,024	5,445	126.6	30	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	81,240	6,914	6,875	4,433	103.0	40	Nov 7, 2024	J-GAAP
YoY	+20.1%	-13.9%	-14.3%	-18.6%	-18.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	111,110	7,212	7,259	4,508	104.8	43	May 10, 2023	J-GAAP
Mar, 2024	119,824	9,514	9,588	6,462	150.2	60	May 9, 2024	J-GAAP
Mar, 2025 Guidance	140,000	8,200	8,200	5,400	125.5	80	May 9, 2024	J-GAAP
YoY	+16.8%	-13.8%	-14.5%	-16.4%	-16.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	38,663	7,554	7,591	5,241	121.8	19.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	29,003	473	433	204	4.7	1.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	26,635	726	777	584	13.6	2.7	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	32,125	560	548	383	8.9	1.7	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	38,349	2,032	2,049	1,351	31.4	5.3	Feb 6, 2025	J-GAAP
YoY	-0.8%	-73.1%	-73.0%	-74.2%	-74.2%