ICOM INC, Oct-Dec (3Q) Ordinary Profit Increases by 35%

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Thu Feb 13, 2025 3:30 pm JST Earnings

6820 ICOM INCORPORATED 【J-GAAP】

Earnings Report

ICOM INCORPORATED <6820> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 18.6% from the same period last year to 2.85 billion yen. However, the progress rate toward the full-year plan of 3.8 billion yen was 75.1%, also surpassing the five-year average of 57.9%.

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 grow 4.2% from the same period last year, reaching 0.94 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 34.8% from the same period last year, reaching 1.38 billion yen. However, the operating profit margin decreased from 13.2% in the same period last year to 9.8%.

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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	25,108	1,981	2,321	1,729	120.5	71.2	Feb 9, 2023	J-GAAP
Apr - Dec, 2023	27,578	2,854	3,507	2,577	179.6	79.4	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	26,613	2,457	2,853	2,029	141.4	75.1	Feb 13, 2025	J-GAAP
YoY	-3.5%	-13.9%	-18.6%	-21.3%	-21.3%

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	19,018	1,814	1,938	1,639	114.2	72	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,102	1,893	2,334	1,750	121.9	54	Nov 12, 2024	J-GAAP
YoY	+5.7%	+4.4%	+20.4%	+6.8%	+6.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	34,173	2,850	3,262	2,574	179.4	72	May 11, 2023	J-GAAP
Mar, 2024	37,117	3,415	4,416	3,461	241.2	97	May 14, 2024	J-GAAP
Mar, 2025 Guidance	38,000	3,500	3,800	2,800	195.1	79	May 14, 2024	J-GAAP
YoY	+2.4%	+2.5%	-13.9%	-19.1%	-19.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	9,479	1,253	1,029	755	52.6	13.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	9,539	561	909	884	61.6	5.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	8,786	804	1,301	937	65.4	9.2	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	9,112	803	165	113	7.9	8.8	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	8,715	850	1,387	979	68.2	9.8	Feb 13, 2025	J-GAAP
YoY	-8.1%	-32.2%	+34.8%	+29.7%	+29.6%