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BUFFALO CO.,LTD., July-September (2Q) Ordinary Profit Decreases by 21%

Thu Oct 31, 2024 3:30 pm JST Earnings

3352 BUFFALO CO.,LTD. 【J-GAAP】

Earnings Report

BUFFALO CO.,LTD. <3352> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 8.5% from the same period last year, reaching 179 million yen. However, The progress rate against the 543 million yen full-year plan was 33.0%, also falling below the five-year average of 36.3%.

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 grow by 23.8% from the same period last year, reaching 364 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 63 million yen, a 21.3% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.2% in the same period last year to 2.0%.

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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 4,913 157 182 110 48.4 32.3 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 5,228 134 165 97 41.8 35.9 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 5,566 165 179 105 44.9 33.0 Oct 31, 2024 J-GAAP
YoY +6.5% +23.1% +8.5% +8.2% +7.4%

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 ー ー ー ー － 30 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 5,566 165 179 105 44.9 30 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

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 5,988 279 294 17 7.3 30 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,114 350 364 229 97.7 30 Oct 31, 2024 J-GAAP
YoY +2.1% +25.4% +23.8% +1,247.1% +1,235.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 10,795 525 564 325 141.6 45 May 9, 2023 J-GAAP
Mar, 2024 11,216 413 459 114 49.1 55 May 9, 2024 J-GAAP
Mar, 2025 Guidance 11,680 515 543 334 142.5 60 May 9, 2024 J-GAAP
YoY +4.1% +24.7% +18.3% +193.0% +190.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,608 58 80 47 20.2 2.2 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 3,257 220 229 149 63.7 6.8 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 2,731 59 65 -132 -56.8 2.2 May 9, 2024 J-GAAP
Apr - Jun, 2024 2,741 109 116 74 31.9 4.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 2,825 56 63 31 13.3 2.0 Oct 31, 2024 J-GAAP
YoY +8.3% -3.4% -21.3% -34.0% -34.5%

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