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en Japan, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 3% Decrease

Thu Feb 13, 2025 3:45 pm JST Earnings

4849 en Japan Inc. 【J-GAAP】

Earnings Report

en Japan Inc. <4849> [TSE Prime] announced its financial results after the market closed on February 13th (15:45). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 3.69 billion yen, an increase 30.8% compared to the same period last year.

However, the full-year consolidated ordinary profit has decreased 35.1%, from the previous forecast of 8.01 billion yen to 5.2 billion yen (compared to 5.36 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 3.1% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 47.9%, from the previous forecast of 5.87 billion yen to 3.06 billion yen (compared to 4.02 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 24.0% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 5.0% from the same period last year, reaching 1.55 billion yen. The operating profit margin remained almost flat, changing from 8.8% in the same period last year to 8.8%.

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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 49,564 3,944 4,175 2,899 65.1 102.5 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 49,734 2,544 2,822 2,332 56.8 52.6 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 48,425 3,782 3,691 6,264 153.4 71.0 Feb 13, 2025 J-GAAP
YoY -2.6% +48.7% +30.8% +168.6% +169.9%

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 40,488 5,720 5,872 4,136 101.2 70.10 Nov 14, 2024 J-GAAP
Oct - Mar, 2024 New 33,288 2,820 3,061 2,156 52.8 70.10 Feb 13, 2025 J-GAAP
Revision Rate -17.8% -50.7% -47.9% -47.9% -47.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 73,000 8,100 8,011 9,330 228.4 70.10 Jul 18, 2024 J-GAAP
Mar, 2025 New 65,800 5,200 5,200 7,350 179.9 70.10 Feb 13, 2025 J-GAAP
Revision Rate -9.9% -35.8% -35.1% -21.2% -21.2%

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 34,582 4,080 4,025 3,421 83.5 70.10 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 33,288 2,820 3,061 2,156 52.8 70.10 Feb 13, 2025 J-GAAP
YoY -3.7% -30.9% -24.0% -37.0% -36.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 67,716 4,249 4,072 2,695 61.0 70.10 May 11, 2023 J-GAAP
Mar, 2024 67,661 5,161 5,369 4,196 102.4 70.10 May 9, 2024 J-GAAP
Mar, 2025 Guidance 65,800 5,200 5,200 7,350 179.9 70.10 Feb 13, 2025 J-GAAP
YoY -2.8% +0.8% -3.1% +75.2% +75.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 16,655 1,463 1,478 1,557 37.9 8.8 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 17,927 2,617 2,547 1,864 45.5 14.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 16,246 1,693 1,841 1,206 29.5 10.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 16,266 687 298 3,988 97.7 4.2 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 15,913 1,402 1,552 1,070 26.2 8.8 Feb 13, 2025 J-GAAP
YoY -4.5% -4.2% +5.0% -31.3% -30.9%

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