Japan Eyewear, Last Fiscal Year Net Income Revised Upward by 8%, Raises Record High Profit Forecast, Dividend Revised Upward by 5 yen

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Mon Feb 10, 2025 4:00 pm JST Revision

5889 Japan Eyewear Holdings Co., Ltd. 【IFRS】

Guidance Update Report

Japan Eyewear Holdings Co., Ltd. <5889> [TSE Std] announced a revision to its performance and dividend after the market closed on February 10th (16:00). The consolidated net income for the fiscal year ending January 2025 has been revised upward 8.4%, from the previous forecast of 3.09 billion yen to 3.35 billion yen (compared to 2.21 billion yen in the previous period), increasing the growth rate from 39.4% to 51.1%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the August to January period (2H) consolidated net income is expected to increase 18.4%, from the previous forecast of 1.41 billion yen to 1.67 billion yen (compared to 1.33 billion yen in the same period of the previous year), increasing the growth rate from 6.2% to 25.7%.

In light of the strong performance, the company has increased its planned annual dividend for the last fiscal year from the original plan of 51 yen to 56 yen (compared to 19 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2024 Prev	7,790	2,246	2,088	1,413	58.6	29	Dec 12, 2024	IFRS
Aug - Jan, 2024 New	8,200	2,576	2,428	1,673	69.7	34	Feb 10, 2025	IFRS
Revision Rate	+5.3%	+14.7%	+16.3%	+18.4%	+18.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2025 Prev	16,090	5,000	4,570	3,090	128.2	51	Dec 12, 2024	IFRS
Jan, 2025 New	16,500	5,330	4,910	3,350	139.6	56	Feb 10, 2025	IFRS
Revision Rate	+2.5%	+6.6%	+7.4%	+8.4%	+8.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	7,125	1,906	1,713	1,331	66.1	19	Mar 13, 2024	IFRS
Aug - Jan, 2024 Guidance	8,200	2,576	2,428	1,673	69.7	34	Feb 10, 2025	IFRS
YoY	+15.1%	+35.2%	+41.7%	+25.7%	+5.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2024	13,528	3,700	3,295	2,217	110.1	19	Mar 13, 2024	IFRS
Jan, 2025 Guidance	16,500	5,330	4,910	3,350	139.6	56	Feb 10, 2025	IFRS
YoY	+22.0%	+44.1%	+49.0%	+51.1%	+26.8%