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INABA SEISAKUSHO, First Half Ordinary Profit Decreases by 55%, Nov-Jan Ordinary Profit Decreases by 67%

Fri Mar 14, 2025 3:30 pm JST Earnings

3421 INABA SEISAKUSHO Co.,Ltd. 【J-GAAP】

Earnings Report

INABA SEISAKUSHO Co.,Ltd. <3421> [TSE Std] announced its financial results after the market closed on March 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending July 2025 (August 2024 to January 2025) significantly dropped 54.6% from the same period last year to 0.7 billion yen. The progress rate toward the full-year plan of 2.07 billion yen was 33.9%, also falling below the five-year average of 38.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the February to July period (2H) is expected to decrease 26.3% from the same period last year to 1.36 billion yen.

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit significantly dropped to 0.28 billion yen, a 66.9% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.0% in the same period last year to 2.0%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Aug - Jan, 2022 20,305 1,122 1,294 860 52.2 41.7 Mar 17, 2023 J-GAAP
Aug - Jan, 2023 20,041 1,363 1,544 1,136 68.9 45.4 Mar 15, 2024 J-GAAP
Aug - Jan, 2024 19,903 534 701 440 27.4 33.9 Mar 14, 2025 J-GAAP
YoY -0.7% -60.8% -54.6% -61.3% -60.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 Guidance 19,840 520 690 440 27.3 21 Feb 28, 2025 J-GAAP
Aug - Jan, 2024 Results 19,903 534 701 440 27.4 21 Mar 14, 2025 J-GAAP
Revision Rate +0.3% +2.7% +1.6% 0.0% +0.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb - Jul, 2024 22,373 1,701 1,858 1,305 79.6 21 Sep 13, 2024 J-GAAP
Feb - Jul, 2025 Guidance 22,917 1,216 1,369 970 61.1 21 Mar 14, 2025 J-GAAP
YoY +2.4% -28.5% -26.3% -25.7% -23.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 41,824 2,754 3,106 1,970 119.5 36 Sep 13, 2023 J-GAAP
Jul, 2024 42,414 3,064 3,402 2,441 148.9 37 Sep 13, 2024 J-GAAP
Jul, 2025 Guidance 42,820 1,750 2,070 1,410 88.8 42 Feb 28, 2025 J-GAAP
YoY +1.0% -42.9% -39.2% -42.2% -40.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2023 9,618 771 861 678 41.1 8.0 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 11,504 1,207 1,264 876 53.2 10.5 Jun 14, 2024 J-GAAP
May - Jul, 2024 10,869 494 594 429 26.2 4.5 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 9,997 334 416 270 16.8 3.3 Dec 13, 2024 J-GAAP
Nov - Jan, 2024 9,906 200 285 170 10.6 2.0 Mar 14, 2025 J-GAAP
YoY +3.0% -74.1% -66.9% -74.9% -74.3%

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