ICHIKEN, The Current Fiscal Year Ordinary Profit Revised Upward by 23%, Dividend Revised Upward by 10 yen

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Thu Feb 13, 2025 2:00 pm JST Earnings

1847 ICHIKEN Co., Ltd. 【J-GAAP】

Earnings Report

ICHIKEN Co., Ltd. <1847> [TSE Std] announced its financial results in the afternoon session on February 13th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 5.32 billion yen, an increase 76.0% compared to the previous period non-consolidated.

In addition, the full-year consolidated ordinary profit has been revised upward 22.6%, from the previous forecast of 4.65 billion yen to 5.7 billion yen.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 63.9%, from the previous forecast of 1.64 billion yen to 2.69 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 130 yen to 140 yen (compared to 110 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.0 times that of the same period last year, reaching 2.32 billion yen. The operating profit margin significantly improved from 5.0% in the same period last year to 8.8%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

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	66,032	2,181	2,151	1,447	199.5	83.2	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	72,494	3,085	3,028	2,196	302.6	75.3	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	78,157	5,373	5,329	3,582	493.6	93.5	Feb 13, 2025	J-GAAP
YoY	+7.8%	+74.2%	+76.0%	+63.1%	+63.1%

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	46,399	1,706	1,644	1,151	158.6	80	Nov 13, 2024	J-GAAP
Oct - Mar, 2024 New	46,399	2,756	2,694	1,901	261.9	90	Feb 13, 2025	J-GAAP
Revision Rate	0.0%	+61.5%	+63.9%	+65.2%	+65.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	98,000	4,750	4,650	3,150	434.0	130	Oct 31, 2024	J-GAAP
Mar, 2025 New	98,000	5,800	5,700	3,900	537.3	140	Feb 13, 2025	J-GAAP
Revision Rate	0.0%	+22.1%	+22.6%	+23.8%	+23.8%

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	46,886	2,163	2,126	1,545	212.9	65	May 17, 2024	J-GAAP
Oct - Mar, 2024 Guidance	46,399	2,756	2,694	1,901	261.9	90	Feb 13, 2025	J-GAAP
YoY	-1.0%	+27.4%	+26.7%	+23.0%	+23.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	88,059	2,667	2,585	1,708	235.4	100	May 18, 2023	J-GAAP
Mar, 2024	96,373	4,100	4,020	2,938	404.8	110	May 17, 2024	J-GAAP
Mar, 2025 Guidance	98,000	5,800	5,700	3,900	537.3	140	Feb 13, 2025	J-GAAP
YoY	+1.7%	+41.5%	+41.8%	+32.7%	+32.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	23,007	1,148	1,134	803	110.7	5.0	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	23,879	1,015	992	742	102.2	4.3	May 17, 2024	J-GAAP
Apr - Jun, 2024	26,950	1,821	1,831	1,239	170.8	6.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	24,651	1,223	1,175	760	104.7	5.0	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	26,556	2,329	2,323	1,583	218.1	8.8	Feb 13, 2025	J-GAAP
YoY	+15.4%	+102.9%	+104.9%	+97.1%	+97.1%