Iceco, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 4%, Exceeds Full-Year Plan

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Wed Feb 12, 2025 3:30 pm JST Earnings

7698 Iceco Inc. 【J-GAAP】

Earnings Report

Iceco Inc. <7698> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 3.9% from the same period last year, reaching 589 million yen. The progress rate toward the full-year plan of 550 million yen is 107.1%, but it was lower than the four-year average of 114.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary loss for the January to March period (4Q) is expected to further decrease loss of 39 million yen (compared to a loss of 70 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the ordinary profit/loss turned to a profit of 2 million yen (compared to a loss of 48 million yen in the same period last year). The operating profit/loss margin improved from -0.5% in the same period last year to -0.1%.

Kabutan News

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	34,571	157	197	156	40.7	110.1	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	38,912	524	567	366	94.8	114.1	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	42,415	542	589	383	98.4	107.1	Feb 12, 2025	J-GAAP
YoY	+9.0%	+3.4%	+3.9%	+4.6%	+3.9%

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	23,834	-132	-118	-79	-20.5	9.50	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	24,880	-51	-37	-27	-6.9	9.50	Nov 13, 2024	J-GAAP
YoY	+4.4%	+61.4%	+68.6%	+65.8%	+66.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	44,886	117	179	144	37.7	18.50	May 12, 2023	J-GAAP
Mar, 2024	50,498	452	497	318	82.3	19	May 13, 2024	J-GAAP
Mar, 2025 Guidance	54,000	500	550	355	90.9	19	May 13, 2024	J-GAAP
YoY	+6.9%	+10.6%	+10.7%	+11.6%	+10.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	12,248	-60	-48	-31	-8.0	-0.5	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	11,586	-72	-70	-48	-12.4	-0.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	13,648	241	260	169	43.7	1.8	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	15,472	310	327	213	54.8	2.0	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	13,295	-9	2	1	0.3	-0.1	Feb 12, 2025	J-GAAP
YoY	+8.5%	+85.0%	－	－	－