ITO EN, May-Jan (Cumulative 3Q) Ordinary Profit Decreases by 21%, Nov-Jan Ordinary Profit Decreases by 26%

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Mon Mar 3, 2025 3:30 pm JST Earnings

2593 ITO EN,LTD. 【J-GAAP】

Earnings Report

ITO EN,LTD. <2593> [TSE Prime] announced its financial results after the market closed on March 3rd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending April 2025 (May 2024 to January 2025) decreased 20.6% from the same period last year to 18.2 billion yen. The progress rate toward the full-year plan of 26.7 billion yen was 68.4%, also falling below the five-year average of 78.4%.

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 February to April period (4Q) is expected to surge 2.3 times that of the same period last year, reaching 8.44 billion yen.

In the most recent three-month period, from November to January (3Q), the consolidated ordinary profit decreased to 3.63 billion yen, a 25.6% decrease compared to the same period last year. The operating profit margin worsened from 4.5% in the same period last year to 3.1%.

Kabutan News

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
May - Jan, 2022	328,454	15,871	16,518	10,185	82.8	81.2	Mar 1, 2023	J-GAAP
May - Jan, 2023	346,251	21,758	22,981	14,243	116.1	86.1	Mar 1, 2024	J-GAAP
May - Jan, 2024	360,893	17,808	18,255	11,367	94.8	68.4	Mar 3, 2025	J-GAAP
YoY	+4.2%	-18.2%	-20.6%	-20.2%	-18.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov - Apr, 2023	211,372	7,977	8,592	4,441	35.9	21	Jun 3, 2024	J-GAAP
Nov - Apr, 2024 Guidance	214,279	12,111	12,083	8,009	68.6	22	Dec 2, 2024	J-GAAP
YoY	+1.4%	+51.8%	+40.6%	+80.3%	+91.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023	431,674	19,588	20,341	12,888	103.8	40	Jun 1, 2023	J-GAAP
Apr, 2024	453,899	25,023	26,681	15,650	126.4	42	Jun 3, 2024	J-GAAP
Apr, 2025 Guidance	466,600	26,500	26,700	17,200	147.3	44	Jun 3, 2024	J-GAAP
YoY	+2.8%	+5.9%	+0.1%	+9.9%	+16.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Nov - Jan, 2023	103,724	4,712	4,892	3,034	24.7	4.5	Mar 1, 2024	J-GAAP
Feb - Apr, 2024	107,648	3,265	3,700	1,407	11.4	3.0	Jun 3, 2024	J-GAAP
May - Jul, 2024	125,039	7,128	7,219	4,440	37.3	5.7	Sep 2, 2024	J-GAAP
Aug - Oct, 2024	127,282	7,261	7,398	4,751	39.3	5.7	Dec 2, 2024	J-GAAP
Nov - Jan, 2024	108,572	3,419	3,638	2,176	18.1	3.1	Mar 3, 2025	J-GAAP
YoY	+4.7%	-27.4%	-25.6%	-28.3%	-26.6%