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ITO EN, May-Jan (Cumulative 3Q) Ordinary Profit Decreases by 21%, Nov-Jan Ordinary Profit Decreases by 26%

Mon Mar 3, 2025 3:30 pm JST Earnings

2593 ITO EN,LTD. 【J-GAAP】

Earnings Report

ITO EN,LTD. <2593> [TSE Prime] announced its financial results after the market closed on March 3rd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending April 2025 (May 2024 to January 2025) decreased 20.6% from the same period last year to 18.2 billion yen. The progress rate toward the full-year plan of 26.7 billion yen was 68.4%, also falling below the five-year average of 78.4%.

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 February to April period (4Q) is expected to surge 2.3 times that of the same period last year, reaching 8.44 billion yen.

In the most recent three-month period, from November to January (3Q), the consolidated ordinary profit decreased to 3.63 billion yen, a 25.6% decrease compared to the same period last year. The operating profit margin worsened from 4.5% in the same period last year to 3.1%.

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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
May - Jan, 2022 328,454 15,871 16,518 10,185 82.8 81.2 Mar 1, 2023 J-GAAP
May - Jan, 2023 346,251 21,758 22,981 14,243 116.1 86.1 Mar 1, 2024 J-GAAP
May - Jan, 2024 360,893 17,808 18,255 11,367 94.8 68.4 Mar 3, 2025 J-GAAP
YoY +4.2% -18.2% -20.6% -20.2% -18.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2023 211,372 7,977 8,592 4,441 35.9 21 Jun 3, 2024 J-GAAP
Nov - Apr, 2024 Guidance 214,279 12,111 12,083 8,009 68.6 22 Dec 2, 2024 J-GAAP
YoY +1.4% +51.8% +40.6% +80.3% +91.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2023 431,674 19,588 20,341 12,888 103.8 40 Jun 1, 2023 J-GAAP
Apr, 2024 453,899 25,023 26,681 15,650 126.4 42 Jun 3, 2024 J-GAAP
Apr, 2025 Guidance 466,600 26,500 26,700 17,200 147.3 44 Jun 3, 2024 J-GAAP
YoY +2.8% +5.9% +0.1% +9.9% +16.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2023 103,724 4,712 4,892 3,034 24.7 4.5 Mar 1, 2024 J-GAAP
Feb - Apr, 2024 107,648 3,265 3,700 1,407 11.4 3.0 Jun 3, 2024 J-GAAP
May - Jul, 2024 125,039 7,128 7,219 4,440 37.3 5.7 Sep 2, 2024 J-GAAP
Aug - Oct, 2024 127,282 7,261 7,398 4,751 39.3 5.7 Dec 2, 2024 J-GAAP
Nov - Jan, 2024 108,572 3,419 3,638 2,176 18.1 3.1 Mar 3, 2025 J-GAAP
YoY +4.7% -27.4% -25.6% -28.3% -26.6%

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