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BALNIBARBI, First Half Ordinary Profit Decreases by 19%, Nov-Jan Ordinary Profit Decreases by 46%

Fri Mar 14, 2025 3:30 pm JST Earnings

3418 BALNIBARBI Co.,Ltd. 【J-GAAP】

Earnings Report

BALNIBARBI Co.,Ltd. <3418> [TSE Growth] 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) decreased 19.2% from the same period last year to 227 million yen. The progress rate toward the full-year plan of 883 million yen was 25.7%, also falling below the five-year average of 64.1%.

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 expand 79.7% from the same period last year, reaching 656 million yen.

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit dropped to 105 million yen, a 45.9% decrease compared to the same period last year. The operating profit margin worsened from 5.5% in the same period last year to 3.4%.

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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 7,040 956 945 641 72.4 86.1 Mar 16, 2023 J-GAAP
Aug - Jan, 2023 6,547 277 281 328 37.1 43.5 Mar 14, 2024 J-GAAP
Aug - Jan, 2024 6,962 240 227 124 12.6 25.7 Mar 14, 2025 J-GAAP
YoY +6.3% -13.4% -19.2% -62.2% -66.0%

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 6,869 264 255 176 16.3 2.50 Sep 13, 2024 J-GAAP
Aug - Jan, 2024 Results 6,962 240 227 124 12.6 2.50 Mar 14, 2025 J-GAAP
Revision Rate +1.4% -9.1% -11.0% -29.5% -22.6%

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 6,905 370 365 210 23.7 5 Sep 13, 2024 J-GAAP
Feb - Jul, 2025 Guidance 7,629 661 656 487 45.1 5 Mar 14, 2025 J-GAAP
YoY +10.5% +78.6% +79.7% +131.9% +90.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 13,363 1,161 1,098 673 76.0 10 Sep 14, 2023 J-GAAP
Jul, 2024 13,452 647 646 538 60.8 7.50 Sep 13, 2024 J-GAAP
Jul, 2025 Guidance 14,591 901 883 611 56.6 7.50 Sep 13, 2024 J-GAAP
YoY +8.5% +39.3% +36.7% +13.6% -6.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Nov - Jan, 2023 3,258 179 194 108 12.2 5.5 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 3,340 239 240 163 18.4 7.2 Jun 13, 2024 J-GAAP
May - Jul, 2024 3,565 131 125 47 5.3 3.7 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 3,539 125 122 79 8.8 3.5 Dec 13, 2024 J-GAAP
Nov - Jan, 2024 3,423 115 105 45 4.6 3.4 Mar 14, 2025 J-GAAP
YoY +5.1% -35.8% -45.9% -58.3% -62.6%

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