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EJ Holdings, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 2% Decrease

Fri Apr 11, 2025 3:30 pm JST Earnings

2153 EJ Holdings Inc. 【J-GAAP】

Earnings Report

EJ Holdings Inc. <2153> [TSE Prime] announced its financial results after the market closed on April 11th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) expanded to a loss of 1.07 billion yen (compared to a loss of 0.39 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has decreased 9.1%, from the previous forecast of 4.95 billion yen to 4.5 billion yen (compared to 4.59 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 2.1% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the December to May period (2H) has decreased 6.8%, from the previous forecast of 6.65 billion yen to 6.2 billion yen (compared to 5.89 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 12.9% to 5.3%.

In the most recent three-month period, from December to February (3Q), the consolidated ordinary profit decreased to 0.63 billion yen, a 29.8% decrease compared to the same period last year. The operating profit margin worsened from 9.6% in the same period last year to 6.9%.

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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
Jun - Feb, 2022 16,226 -763 -611 -586 -37.6 Apr 13, 2023 J-GAAP
Jun - Feb, 2023 16,143 -633 -399 -420 -26.9 Apr 12, 2024 J-GAAP
Jun - Feb, 2024 16,509 -1,180 -1,073 -656 -41.8 Apr 11, 2025 J-GAAP
YoY +2.3% -86.4% -168.9% -56.2% -55.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 Prev 30,907 6,649 6,653 4,805 305.9 40 Jan 10, 2025 J-GAAP
Dec - May, 2024 New 34,907 6,199 6,203 4,505 286.8 40 Apr 11, 2025 J-GAAP
Revision Rate +12.9% -6.8% -6.8% -6.2% -6.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2025 Prev 38,500 4,850 4,950 3,350 213.3 65 Jul 12, 2024 J-GAAP
May, 2025 New 42,500 4,400 4,500 3,050 194.2 65 Apr 11, 2025 J-GAAP
Revision Rate +10.4% -9.3% -9.1% -9.0% -9.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 29,328 5,774 5,893 4,018 256.6 55 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance 34,907 6,199 6,203 4,505 286.8 40 Apr 11, 2025 J-GAAP
YoY +19.0% +7.4% +5.3% +12.1% +11.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2023 37,509 4,451 4,624 3,051 195.3 50 Jul 13, 2023 J-GAAP
May, 2024 37,207 4,348 4,597 3,032 193.6 55 Jul 12, 2024 J-GAAP
May, 2025 Guidance 42,500 4,400 4,500 3,050 194.2 65 Apr 11, 2025 J-GAAP
YoY +14.2% +1.2% -2.1% +0.6% +0.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Dec - Feb, 2023 8,264 793 897 566 36.2 9.6 Apr 12, 2024 J-GAAP
Mar - May, 2024 21,064 4,981 4,996 3,452 220.4 23.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 3,082 -1,053 -1,005 -869 -55.4 -34.2 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 4,511 -746 -698 -586 -37.4 -16.5 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 8,916 619 630 799 50.9 6.9 Apr 11, 2025 J-GAAP
YoY +7.9% -21.9% -29.8% +41.2% +40.7%

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