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IMURAYA GROUP CO., LTD., First Half Ordinary Profit Increases by 3%

Fri Nov 8, 2024 3:40 pm JST Earnings

2209 IMURAYA GROUP CO., LTD. 【J-GAAP】

Earnings Report

IMURAYA GROUP CO., LTD. <2209> [TSE-P] announced its financial results after the market closed on November 8th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 1.41 billion yen, a 2.5% increase compared to the same period last year. The progress rate against the 2.7 billion yen full-year plan was 52.3%, also surpassing the five-year average of 42.1%.

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 decrease by 15.7% from the same period last year to 1.28 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.22 billion yen, a 4.0% decrease compared to the same period last year. However, the operating profit margin improved from 8.6% in the same period last year to 9.9%.

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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 21,493 1,143 1,526 1,337 102.2 66.8 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 22,979 1,104 1,378 954 72.9 47.5 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 24,385 1,433 1,413 1,057 80.8 52.3 Nov 8, 2024 J-GAAP
YoY +6.1% +29.8% +2.5% +10.8% +10.9%

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 24,385 1,433 1,413 1,057 80.8 0 Oct 25, 2024 J-GAAP
Apr - Sep, 2024 Results 24,385 1,433 1,413 1,057 80.8 0 Nov 8, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.1%

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 25,243 1,433 1,526 976 74.6 31 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,115 1,167 1,287 793 62.0 31 Oct 25, 2024 J-GAAP
YoY -0.5% -18.6% -15.7% -18.8% -17.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 44,685 1,992 2,284 1,611 123.2 28 May 11, 2023 J-GAAP
Mar, 2024 48,222 2,537 2,904 1,930 147.6 31 May 9, 2024 J-GAAP
Mar, 2025 Guidance 49,500 2,600 2,700 1,850 144.6 31 May 9, 2024 J-GAAP
YoY +2.7% +2.5% -7.0% -4.1% -2.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,858 1,196 1,278 915 69.9 8.6 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 14,013 1,124 1,076 738 56.4 8.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 11,230 309 450 238 18.2 2.8 May 9, 2024 J-GAAP
Apr - Jun, 2024 9,918 7 186 166 12.7 0.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 14,467 1,426 1,227 891 68.1 9.9 Nov 8, 2024 J-GAAP
YoY +4.4% +19.2% -4.0% -2.6% -2.6%

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