kabutan

Qol Holdings Co.,Ltd., The Current Fiscal Year Net Income Revised Downward by 12%

Fri Nov 1, 2024 3:30 pm JST Earnings

3034 Qol Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

Qol Holdings Co.,Ltd. <3034> [TSE-P] announced its financial results after the market closed on November 1st (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 35.9% from the same period last year to 1.21 billion yen, resulting in a decrease in profits compared to the previous forecast of a 5.9% increase.

In addition, the full-year consolidated net income has downwardly by 12.3%, from the previous forecast of 5.7 billion yen to 5 billion yen (compared to 4.88 billion yen in the previous period), leading to a reduction in the profit growth rate from 16.8% to 2.5%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 26.6% from the same period last year, reaching 3.78 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income significantly dropped to 368 million yen, a 58.1% decrease compared to the same period last year. However, the operating profit margin improved from 3.7% in the same period last year to 5.0%.

Kabutan News

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 82,459 4,022 4,174 2,366 64.1 41.3 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 88,540 3,559 3,675 1,888 50.8 39.7 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 124,771 6,096 6,220 1,211 32.4 40.9 Nov 1, 2024 J-GAAP
YoY +40.9% +71.3% +69.3% -35.9% -36.2%

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 124,000 5,400 5,500 2,000 53.5 17 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 124,771 6,096 6,220 1,211 32.4 17 Nov 1, 2024 J-GAAP
Revision Rate +0.6% +12.9% +13.1% -39.5% -39.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 270,000 15,000 15,200 5,700 151.9 34 May 10, 2024 J-GAAP
Mar, 2025 New 270,000 15,000 15,200 5,000 133.3 34 Nov 1, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% -12.3% -12.3%

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 91,512 4,765 5,581 2,992 80.4 15 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 145,229 8,904 8,980 3,789 101.0 17 Nov 1, 2024 J-GAAP
YoY +58.7% +86.9% +60.9% +26.6% +25.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 170,036 9,495 10,098 5,656 153.0 32 May 11, 2023 J-GAAP
Mar, 2024 180,052 8,324 9,256 4,880 131.1 30 May 10, 2024 J-GAAP
Mar, 2025 Guidance 270,000 15,000 15,200 5,000 133.3 34 Nov 1, 2024 J-GAAP
YoY +50.0% +80.2% +64.2% +2.5% +1.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 45,137 1,686 1,735 878 23.6 3.7 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 45,988 2,170 2,848 1,886 50.7 4.7 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 45,524 2,595 2,733 1,106 29.7 5.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 61,036 2,915 2,966 843 22.6 4.8 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 63,735 3,181 3,254 368 9.9 5.0 Nov 1, 2024 J-GAAP
YoY +41.2% +88.7% +87.6% -58.1% -58.3%

Related Articles