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IKK Holdings, First Half Ordinary Profit Decreases by 61%, Feb-Apr Ordinary Profit Decreases by 63%

Thu Jun 12, 2025 3:00 pm JST Earnings

2198 IKK Holdings Inc. 【J-GAAP】

Earnings Report

IKK Holdings Inc. <2198> [TSE Prime] announced its financial results in the afternoon session on June 12th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending October 2025 (November 2024 to April 2025) significantly dropped 61.0% from the same period last year to 0.37 billion yen. Progress toward the full-year plan of 1.80 billion yen was 21.0%, almost the same as the five-year average of 20.6%.

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 May to October period (second half) is expected to decrease 8.1% from the same period last year to 1.42 billion yen.

In the most recent three-month period, from February to April (2Q), the consolidated ordinary profit significantly dropped to 0.19 billion yen, a 63.5% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.0% in the same period last year to 3.3%.

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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
Nov - Apr, 2022 9,937 277 304 112 3.9 15.2 Jun 12, 2023 J-GAAP
Nov - Apr, 2023 10,996 960 973 625 21.8 38.5 Jun 13, 2024 J-GAAP
Nov - Apr, 2024 10,505 360 379 197 6.9 21.0 Jun 12, 2025 J-GAAP
YoY -4.5% -62.5% -61.0% -68.5% -68.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2024 Guidance 10,350 300 305 100 3.5 0 Dec 12, 2024 J-GAAP
Nov - Apr, 2024 Results 10,505 360 379 197 6.9 0 Jun 12, 2025 J-GAAP
Revision Rate +1.5% +20.0% +24.3% +97.0% +99.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 12,267 1,530 1,552 1,077 37.6 24 Dec 12, 2024 J-GAAP
May - Oct, 2025 Guidance 12,395 1,440 1,426 913 31.4 24 Jun 12, 2025 J-GAAP
YoY +1.0% -5.9% -8.1% -15.2% -16.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 21,990 1,955 2,005 1,340 45.9 24 Dec 11, 2023 J-GAAP
Oct, 2024 23,263 2,490 2,525 1,702 59.4 24 Dec 12, 2024 J-GAAP
Oct, 2025 Guidance 22,900 1,800 1,805 1,110 38.2 24 Dec 12, 2024 J-GAAP
YoY -1.6% -27.7% -28.5% -34.8% -35.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Feb - Apr, 2024 5,840 524 531 339 11.8 9.0 Jun 13, 2024 J-GAAP
May - Jul, 2024 5,537 567 578 373 13.0 10.2 Sep 12, 2024 J-GAAP
Aug - Oct, 2024 6,730 963 974 704 24.6 14.3 Dec 12, 2024 J-GAAP
Nov - Jan, 2024 4,967 178 185 111 3.9 3.6 Mar 13, 2025 J-GAAP
Feb - Apr, 2025 5,538 182 194 86 3.0 3.3 Jun 12, 2025 J-GAAP
YoY -5.2% -65.3% -63.5% -74.6% -74.6%

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