YUTAKA GIKEN, Apr-Dec (Cumulative 3Q) Net Income Decreases by 34%, Exceeds Full-Year Plan

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Fri Feb 7, 2025 3:30 pm JST Earnings

7229 YUTAKA GIKEN CO.,LTD. 【IFRS】

Earnings Report

YUTAKA GIKEN CO.,LTD. <7229> [TSE Std] announced its financial results (based on IFRS) after the market closed on February 7th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 34.1% from the same period last year to 3.05 billion yen. The progress rate toward the full-year plan of 2.6 billion yen is 117.4%, already exceeding the target and also exceeding the five-year average of 76.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a loss of 0.45 billion yen (compared to a profit of 2.81 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 1.92 billion yen, a 23.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 6.7% in the same period last year to 2.6%.

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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	160,305	549	1,520	-669	-45.1	30.8	Jan 31, 2023	IFRS
Apr - Dec, 2023	165,949	7,348	7,753	4,633	312.7	64.5	Jan 31, 2024	IFRS
Apr - Dec, 2024	135,006	3,916	4,655	3,053	206.0	75.1	Feb 7, 2025	IFRS
YoY	-18.6%	-46.7%	-40.0%	-34.1%	-34.1%

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	112,340	7,935	8,243	5,341	360.4	50	May 10, 2024	IFRS
Oct - Mar, 2024 Guidance	86,476	3,374	3,803	1,472	99.3	36	Nov 5, 2024	IFRS
YoY	-23.0%	-57.5%	-53.9%	-72.4%	-72.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	218,004	3,853	4,933	1,444	97.4	72	May 11, 2023	IFRS
Mar, 2024	216,260	11,117	12,022	7,448	502.6	90	May 10, 2024	IFRS
Mar, 2025 Guidance	175,000	6,100	6,200	2,600	175.5	72	May 10, 2024	IFRS
YoY	-19.1%	-45.1%	-48.4%	-65.1%	-65.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	62,029	4,166	3,974	2,526	170.5	6.7	Jan 31, 2024	IFRS
Jan - Mar, 2024	50,311	3,769	4,269	2,815	190.0	7.5	May 10, 2024	IFRS
Apr - Jun, 2024	45,208	1,530	1,946	1,243	83.9	3.4	Aug 5, 2024	IFRS
Jul - Sep, 2024	43,316	1,196	451	-115	-7.8	2.8	Nov 5, 2024	IFRS
Oct - Dec, 2024	46,482	1,190	2,258	1,925	129.9	2.6	Feb 7, 2025	IFRS
YoY	-25.1%	-71.4%	-43.2%	-23.8%	-23.8%