Ekitan &, Oct-Dec (3Q) Ordinary Profit Decreases by 25%

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Wed Feb 12, 2025 3:45 pm JST Earnings

3646 Ekitan & Co.,Ltd. 【J-GAAP】

Earnings Report

Ekitan & Co.,Ltd. <3646> [TSE Growth] announced its financial results after the market closed on February 12th (15:45). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 42 million yen (compared to a loss of 11 million yen in the same period last year). However, the progress rate toward the full-year plan of 111 million yen was 37.8%, also falling below the five-year average of 69.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 81.6% from the same period last year, reaching 69 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 45 million yen, a 25.0% decrease compared to the same period last year. The operating profit margin worsened from 5.3% in the same period last year to 4.9%.

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	2,373	60	58	51	9.6	55.8	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	3,044	-15	-11	-743	-153.6	ー	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	2,641	33	42	12	2.6	37.8	Feb 12, 2025	J-GAAP
YoY	-13.2%	－	－	－	－

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	2,097	97	98	58	12.0	14	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,563	111	114	88	18.6	14	Nov 12, 2024	J-GAAP
YoY	+22.2%	+14.4%	+16.3%	+51.7%	+55.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,206	105	104	89	17.0	14	May 10, 2023	J-GAAP
Mar, 2024	4,038	23	27	-736	-152.0	14	May 9, 2024	J-GAAP
Mar, 2025 Guidance	4,327	101	111	73	15.5	14	May 9, 2024	J-GAAP
YoY	+7.2%	+339.1%	+311.1%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	1,103	59	60	51	10.5	5.3	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	994	38	38	7	1.5	3.8	May 9, 2024	J-GAAP
Apr - Jun, 2024	859	-19	-12	-18	-3.8	-2.2	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	905	9	9	3	0.6	1.0	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	877	43	45	27	5.9	4.9	Feb 12, 2025	J-GAAP
YoY	-20.5%	-27.1%	-25.0%	-47.1%	-44.3%