Iida Group, Apr-Dec (Cumulative 3Q) Net Income Increases by 22%, Oct-Dec Net Income Increases by 2.2 times

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Mon Feb 10, 2025 5:00 pm JST Earnings

3291 Iida Group Holdings Co., Ltd. 【IFRS】

Earnings Report

Iida Group Holdings Co., Ltd. <3291> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 10th (17:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 21.9% from the same period last year, reaching 38 billion yen. The progress rate toward the full-year plan of 44 billion yen was 86.4%, also surpassing the five-year average of 79.8%.

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 for the January to March period (4Q) is expected to nearly flat at 5.96 billion yen, down 0.7% from the same period last year.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 2.2 times that of the same period last year, reaching 14.3 billion yen. The operating profit margin improved from 3.5% in the same period last year to 6.1%.

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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	1,019,897	87,122	96,769	66,392	231.5	90.8	Feb 9, 2023	IFRS
Apr - Dec, 2023	1,017,794	48,888	45,380	31,197	111.1	81.5	Feb 9, 2024	IFRS
Apr - Dec, 2024	1,049,901	59,950	56,072	38,036	135.7	82.5	Feb 10, 2025	IFRS
YoY	+3.2%	+22.6%	+23.6%	+21.9%	+22.1%

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	767,490	22,467	19,966	12,513	44.6	45	May 14, 2024	IFRS
Oct - Mar, 2024 Guidance	861,881	37,279	33,818	20,347	73.6	45	Nov 11, 2024	IFRS
YoY	+12.3%	+65.9%	+69.4%	+62.6%	+65.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,439,765	102,332	106,601	75,596	264.3	90	May 15, 2023	IFRS
Mar, 2024	1,439,180	59,174	55,653	37,204	132.6	90	May 14, 2024	IFRS
Mar, 2025 Guidance	1,549,000	75,200	68,000	44,000	159.2	90	May 14, 2024	IFRS
YoY	+7.6%	+27.1%	+22.2%	+18.3%	+20.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	346,104	12,181	9,693	6,506	23.2	3.5	Feb 9, 2024	IFRS
Jan - Mar, 2024	421,386	10,286	10,273	6,007	21.4	2.4	May 14, 2024	IFRS
Apr - Jun, 2024	327,544	14,631	14,301	10,022	35.8	4.5	Aug 9, 2024	IFRS
Jul - Sep, 2024	359,575	23,290	19,881	13,631	48.6	6.5	Nov 11, 2024	IFRS
Oct - Dec, 2024	362,782	22,029	21,890	14,383	51.3	6.1	Feb 10, 2025	IFRS
YoY	+4.8%	+80.8%	+125.8%	+121.1%	+121.3%