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ECONOS Co., Ltd., First Half Ordinary Profit Unexpectedly Revised Upward by 20%

Thu Nov 14, 2024 3:30 pm JST Earnings

3136 ECONOS Co., Ltd. 【J-GAAP】

Earnings Report

ECONOS Co., Ltd. <3136> [SSE-A] announced its financial results after the market closed on November 14th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 20.0% from the same period last year, reaching 114 million yen, resulting in an increase in profits compared to the previous forecast of a 25.3% decrease.

The progress rate against the 168 million yen full-year plan was 67.9%, also surpassing the three-year average of 52.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to drop by 40.7% from the same period last year to 54 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 40.0% from the same period last year, reaching 63 million yen. The operating profit margin improved from 5.2% in the same period last year to 5.7%.

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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
Apr - Sep, 2022 2,058 103 82 104 79.7 56.9 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 2,183 115 95 64 48.7 51.1 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 2,357 135 114 78 59.4 67.9 Nov 14, 2024 J-GAAP
YoY +8.0% +17.4% +20.0% +21.9% +22.1%

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 2,264 100 71 48 36.4 25 Jun 28, 2024 J-GAAP
Apr - Sep, 2024 Results 2,357 135 114 78 59.4 25 Nov 14, 2024 J-GAAP
Revision Rate +4.1% +35.0% +60.6% +62.5% +63.1%

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 2,283 112 91 39 29.8 0 Jun 28, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,211 82 54 42 31.9 25 Nov 14, 2024 J-GAAP
YoY -3.2% -26.8% -40.7% +7.7% +7.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,192 190 144 171 129.9 0 May 15, 2023 J-GAAP
Mar, 2024 4,466 227 186 103 78.6 0 Jun 28, 2024 J-GAAP
Mar, 2025 Guidance 4,568 217 168 120 91.0 50 Jun 28, 2024 J-GAAP
YoY +2.3% -4.4% -9.7% +16.5% +15.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,083 56 45 30 22.8 5.2 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,134 69 58 40 30.6 6.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,149 43 33 -1 -0.8 3.7 Jun 28, 2024 J-GAAP
Apr - Jun, 2024 1,193 69 51 35 26.8 5.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,164 66 63 43 32.8 5.7 Nov 14, 2024 J-GAAP
YoY +7.5% +17.9% +40.0% +43.3% +43.6%

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