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YOKOWO, The Current Fiscal Year Operating Profit Revised Downward by 10%

Wed Feb 12, 2025 12:00 pm JST Earnings

6800 YOKOWO CO.,LTD. 【J-GAAP】

Earnings Report

YOKOWO CO.,LTD. <6800> [TSE Prime] announced its financial results at noon (12:00) on February 12th. The consolidated operating profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 4.1 times that of the same period last year, reaching 3.1 billion yen.

However, the full-year consolidated operating profit has decreased 10.1%, from the previous forecast of 4.45 billion yen to 4 billion yen (compared to 1.61 billion yen in the previous period), leading to a reduction in the profit growth rate from 2.8 times to 2.5 times.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated operating profit for the October to March period (2H) has decreased 19.2%, from the previous forecast of 2.34 billion yen to 1.89 billion yen (compared to 1.73 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 35.0% to 9.1%.

In the most recent three-month period, from October to December (3Q), the consolidated operating profit grew 14.8% from the same period last year, reaching 0.99 billion yen. The operating profit margin improved from 4.3% in the same period last year to 4.7%.

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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 60,278 5,100 6,619 4,422 189.7 116.6 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 57,104 747 1,764 963 41.4 47.5 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 61,830 3,100 3,713 2,557 109.7 101.7 Feb 12, 2025 J-GAAP
YoY +8.3% +315.0% +110.5% +165.5% +165.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 41,191 2,345 2,586 1,775 76.1 24 Nov 8, 2024 J-GAAP
Oct - Mar, 2024 New 41,191 1,895 2,586 1,775 76.1 24 Feb 12, 2025 J-GAAP
Revision Rate 0.0% -19.2% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 82,000 4,450 3,650 2,350 100.8 48 Nov 8, 2024 J-GAAP
Mar, 2025 New 82,000 4,000 3,650 2,350 100.8 48 Feb 12, 2025 J-GAAP
Revision Rate 0.0% -10.1% 0.0% 0.0% 0.0%

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 40,101 1,737 2,009 553 23.7 22 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 41,191 1,895 2,586 1,775 76.1 24 Feb 12, 2025 J-GAAP
YoY +2.7% +9.1% +28.7% +221.0% +220.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 77,962 4,739 5,675 3,147 135.0 50 May 12, 2023 J-GAAP
Mar, 2024 76,895 1,617 3,710 1,511 64.9 44 May 14, 2024 J-GAAP
Mar, 2025 Guidance 82,000 4,000 3,650 2,350 100.8 48 Feb 12, 2025 J-GAAP
YoY +6.6% +147.4% -1.6% +55.5% +55.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 20,310 867 63 5 0.2 4.3 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 19,791 870 1,946 548 23.5 4.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 20,877 1,056 2,017 1,728 74.2 5.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 19,932 1,049 -953 -1,153 -49.5 5.3 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 21,021 995 2,649 1,982 85.0 4.7 Feb 12, 2025 J-GAAP
YoY +3.5% +14.8% +4,104.8% +39,540.0% +40,390.5%

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