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ELAN, 34% Increase in Ordinary Profit, Record High for The First Time in Two Years, Despite Last Fiscal Year's Dividend Cut, This Fiscal Year to Increase Dividend

Mon Feb 10, 2025 3:30 pm JST Earnings

6099 ELAN Corporation 【J-GAAP】

Earnings Report

ELAN Corporation <6099> [TSE Prime] announced its financial results after the market closed on February 10th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 decreased 3.7% from the previous period to 3.54 billion yen. In the fiscal year ending December 2025, the profit is expected to expand to 33.7% to 4.74 billion yenExpected to reach record high profits for the first time in two years. This will be the sixteenth consecutive term of revenue growth.

At the same time, the company has reduced the annual dividend for the previous term from 14 yen to 13 yen (compared to 13 yen in the prior term), and has decided to increase the dividend this fiscal year to 15 yen, an increase of 2 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit decreased to 0.84 billion yen, a 9.8% decrease compared to the same period last year. The operating profit margin worsened from 8.5% in the same period last year to 6.7%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 36,264 3,391 3,411 2,082 34.5 11 Feb 9, 2023 J-GAAP
Dec, 2023 41,425 3,665 3,681 2,518 41.7 13 Feb 14, 2024 J-GAAP
Dec, 2024 47,513 3,577 3,544 2,354 38.9 13 Feb 10, 2025 J-GAAP
YoY +14.7% -2.4% -3.7% -6.5% -6.5%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 50,000 4,200 4,230 2,850 47.1 14 Feb 14, 2024 J-GAAP
Dec, 2024 Results 47,513 3,577 3,544 2,354 38.9 13 Feb 10, 2025 J-GAAP
Revision Rate -5.0% -14.8% -16.2% -17.4% -17.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 22,844 1,930 1,948 1,325 21.9 0 Aug 6, 2024 J-GAAP
Jan - Jun, 2025 Guidance 27,100 2,160 2,170 1,390 23.0 0 Feb 10, 2025 J-GAAP
YoY +18.6% +11.9% +11.4% +4.9% +4.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 41,425 3,665 3,681 2,518 41.7 13 Feb 14, 2024 J-GAAP
Dec, 2024 47,513 3,577 3,544 2,354 38.9 13 Feb 10, 2025 J-GAAP
Dec, 2025 Guidance 59,000 4,720 4,740 3,090 51.1 15 Feb 10, 2025 J-GAAP
YoY +24.2% +32.0% +33.7% +31.3% +31.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,999 939 939 630 10.4 8.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 11,486 1,059 1,065 726 12.0 9.2 May 8, 2024 J-GAAP
Apr - Jun, 2024 11,358 871 883 599 9.9 7.7 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 12,003 801 749 507 8.4 6.7 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 12,666 846 847 522 8.6 6.7 Feb 10, 2025 J-GAAP
YoY +15.2% -9.9% -9.8% -17.1% -17.2%

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