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YAHAGI CONSTRUCTION, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 63%, Oct-Dec Ordinary Profit Decreases by 73%

Thu Feb 6, 2025 2:00 pm JST Earnings

1870 YAHAGI CONSTRUCTION CO.,LTD. 【J-GAAP】

Earnings Report

YAHAGI CONSTRUCTION CO.,LTD. <1870> [TSE Prime] announced its financial results in the afternoon session on February 6th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 63.1% from the same period last year to 3.37 billion yen. The progress rate toward the full-year plan of 8.2 billion yen was 41.1%, also falling below the five-year average of 66.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to surge 11 times that of the same period last year, reaching 4.82 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 2.04 billion yen, a 73.0% decrease compared to the same period last year. The operating profit margin sharply declined from 19.5% in the same period last year to 5.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 73,061 3,382 3,448 2,316 53.9 47.5 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 90,821 9,041 9,155 6,258 145.5 95.5 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 97,109 3,318 3,374 2,318 53.9 41.1 Feb 6, 2025 J-GAAP
YoY +6.9% -63.3% -63.1% -63.0% -63.0%

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 67,666 8,027 8,024 5,445 126.6 30 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 81,240 6,914 6,875 4,433 103.0 40 Nov 7, 2024 J-GAAP
YoY +20.1% -13.9% -14.3% -18.6% -18.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 111,110 7,212 7,259 4,508 104.8 43 May 10, 2023 J-GAAP
Mar, 2024 119,824 9,514 9,588 6,462 150.2 60 May 9, 2024 J-GAAP
Mar, 2025 Guidance 140,000 8,200 8,200 5,400 125.5 80 May 9, 2024 J-GAAP
YoY +16.8% -13.8% -14.5% -16.4% -16.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 38,663 7,554 7,591 5,241 121.8 19.5 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 29,003 473 433 204 4.7 1.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 26,635 726 777 584 13.6 2.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 32,125 560 548 383 8.9 1.7 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 38,349 2,032 2,049 1,351 31.4 5.3 Feb 6, 2025 J-GAAP
YoY -0.8% -73.1% -73.0% -74.2% -74.2%

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