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Y's table corporation, The Current Fiscal Year Ordinary Profit Revised Downward by 22%

Tue Oct 15, 2024 3:30 pm JST Earnings

2798 Y's table corporation 【J-GAAP】

Earnings Report

Y's table corporation <2798> [TSE-S] announced its financial results after the market closed on October 15th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 19.7% from the same period last year to 106 million yen, resulting in a decrease in profits compared to the previous forecast of a 6.1% increase.

In addition, the full-year consolidated ordinary profit has downwardly by 22.1%, from the previous forecast of 434 million yen to 338 million yen (compared to 311 million yen in the previous period), leading to a reduction in the profit growth rate from 39.5% to 8.7%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 29.6% from the same period last year, reaching 232 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit/loss turned to a loss of 37 million yen (compared to a profit of 19 million yen in the same period last year). The operating profit/loss margin worsened from -1.0% in the same period last year to -2.7%.

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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
Mar - Aug, 2022 4,540 -351 58 16 5.3 39.5 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 5,537 83 132 78 23.8 42.4 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 5,944 64 106 78 23.8 31.4 Oct 15, 2024 J-GAAP
YoY +7.4% -22.9% -19.7% 0.0% +0.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 5,902 109 140 137 41.5 0 Apr 15, 2024 J-GAAP
Mar - Aug, 2024 Results 5,944 64 106 78 23.8 0 Oct 15, 2024 J-GAAP
Revision Rate +0.7% -41.3% -24.3% -43.1% -42.6%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Prev 11,936 327 434 427 129.5 0 Apr 15, 2024 J-GAAP
Feb, 2025 New 12,069 225 338 306 92.8 0 Oct 15, 2024 J-GAAP
Revision Rate +1.1% -31.2% -22.1% -28.3% -28.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 5,747 96 179 35 10.7 0 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 6,125 161 232 228 69.1 0 Oct 15, 2024 J-GAAP
YoY +6.6% +67.7% +29.6% +551.4% +546.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 9,780 -378 147 -72 -23.8 0 Apr 14, 2023 J-GAAP
Feb, 2024 11,284 179 311 113 34.5 0 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 12,069 225 338 306 92.8 0 Oct 15, 2024 J-GAAP
YoY +7.0% +25.7% +8.7% +170.8% +168.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,695 -28 19 -3 -0.9 -1.0 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 2,764 28 62 -108 -33.8 1.0 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 2,983 68 117 143 43.7 2.3 Apr 15, 2024 J-GAAP
Mar - May, 2024 3,086 142 143 128 39.1 4.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,858 -78 -37 -50 -15.3 -2.7 Oct 15, 2024 J-GAAP
YoY +6.0% -178.6% － -1,566.7% -1,579.1%

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