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Br.Holdings Corporation, July-September (2Q) Ordinary Profit Decreases by 16%

Fri Nov 8, 2024 4:00 pm JST Earnings

1726 Br.Holdings Corporation 【J-GAAP】

Earnings Report

Br.Holdings Corporation <1726> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.0% from the same period last year, reaching 617 million yen. However, The progress rate against the 2.35 billion yen full-year plan was 26.3%, also falling below the five-year average of 29.9%.

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 grow by 16.7% from the same period last year, reaching 1.73 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 399 million yen, a 16.0% decrease compared to the same period last year. The operating profit margin worsened from 4.7% in the same period last year to 3.7%.

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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, 2022 16,516 353 364 212 4.7 22.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 18,631 570 551 338 7.4 27.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 19,984 625 617 365 8.2 26.3 Nov 8, 2024 J-GAAP
YoY +7.3% +9.6% +12.0% +8.0% +9.7%

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 ー ー ー ー － 7.50 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 19,984 625 617 365 8.2 7.50 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 21,628 1,492 1,485 1,015 22.4 8 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,016 1,775 1,733 1,185 26.4 7.50 Nov 8, 2024 J-GAAP
YoY +1.8% +19.0% +16.7% +16.7% +18.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 36,022 1,636 1,624 1,025 22.6 12 May 12, 2023 J-GAAP
Mar, 2024 40,259 2,062 2,036 1,353 29.8 14 May 10, 2024 J-GAAP
Mar, 2025 Guidance 42,000 2,400 2,350 1,550 34.5 15 May 10, 2024 J-GAAP
YoY +4.3% +16.4% +15.4% +14.6% +15.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,340 485 475 315 6.9 4.7 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 11,683 990 978 632 13.9 8.5 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 9,945 502 507 383 8.4 5.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,145 227 218 106 2.4 2.5 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 10,839 398 399 259 5.8 3.7 Nov 8, 2024 J-GAAP
YoY +4.8% -17.9% -16.0% -17.8% -16.5%

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