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Ishin Co.,Ltd., First Half Ordinary Profit Decreases by 40%, July-September Ordinary Profit Decreases by 17%

Fri Nov 8, 2024 3:30 pm JST Earnings

143A Ishin Co.,Ltd.

Earnings Report

Ishin Co.,Ltd. <143A> [TSE-G] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 39.6% from the same period last year to 81 million yen. The progress rate against the 184 million yen full-year plan was 44.0%, also falling below the same period of the previous year of 71.3%.

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 October to March period (second half) is expected to expand by 90.7% from the same period last year, reaching 103 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 64 million yen, a 16.9% decrease compared to the same period last year. The operating profit margin decreased from 22.5% in the same period last year to 19.6%.

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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
Apr - Sep, 2024 637 87 81 73 38.4 44.0 Nov 8, 2024 J-GAAP
YoY

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 637 87 81 73 38.4 0 Nov 8, 2024 J-GAAP
Revision Rate

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 657 77 54 41 25.6 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 717 119 103 69 36.0 0 Nov 8, 2024 J-GAAP
YoY +9.1% +54.5% +90.7% +68.3% +40.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,280 200 188 126 78.6 0 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,354 206 184 142 74.1 0 May 10, 2024 J-GAAP
YoY +5.8% +3.0% -2.1% +12.7% -5.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 396 71 68 37 23.1 17.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 290 19 17 20 10.8 6.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 347 68 64 53 27.9 19.6 Nov 8, 2024 J-GAAP
YoY

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