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&Do Holdings, First Half Ordinary Profit Decreases by 16%

Thu Feb 13, 2025 3:30 pm JST Earnings

3457 &Do Holdings Co.,Ltd. 【J-GAAP】

Earnings Report

&Do Holdings Co.,Ltd. <3457> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) decreased 16.3% from the same period last year to 1.75 billion yen. The progress rate toward the full-year plan of 4 billion yen was 43.8%, also falling below the five-year average of 49.8%.

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 January to June period (2H) is expected to expand 65.0% from the same period last year, reaching 2.24 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit grew 17.1% from the same period last year, reaching 1.46 billion yen. However, the operating profit margin remained almost flat, changing from 5.9% 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
Jul - Dec, 2022 25,436 1,749 1,853 1,132 57.9 55.2 Feb 13, 2023 J-GAAP
Jul - Dec, 2023 35,372 2,158 2,095 1,403 70.9 60.6 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 35,927 1,604 1,753 1,138 57.2 43.8 Feb 13, 2025 J-GAAP
YoY +1.6% -25.7% -16.3% -18.9% -19.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance 34,230 1,800 1,800 1,188 59.7 0 Aug 14, 2024 J-GAAP
Jul - Dec, 2024 Results 35,927 1,604 1,753 1,138 57.2 0 Feb 13, 2025 J-GAAP
Revision Rate +5.0% -10.9% -2.6% -4.2% -4.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 32,207 1,429 1,362 1,073 54.1 43 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 Guidance 34,073 2,396 2,247 1,502 75.3 45 Feb 13, 2025 J-GAAP
YoY +5.8% +67.7% +65.0% +40.0% +39.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 49,552 3,176 3,358 2,195 112.2 40 Aug 14, 2023 J-GAAP
Jun, 2024 67,579 3,587 3,457 2,476 124.8 43 Aug 14, 2024 J-GAAP
Jun, 2025 Guidance 70,000 4,000 4,000 2,640 132.4 45 Aug 14, 2024 J-GAAP
YoY +3.6% +11.5% +15.7% +6.6% +6.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 19,983 1,188 1,248 845 42.7 5.9 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 13,877 268 147 90 4.5 1.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 18,330 1,161 1,215 983 49.5 6.3 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 14,545 384 292 143 7.2 2.6 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 21,382 1,220 1,461 995 50.0 5.7 Feb 13, 2025 J-GAAP
YoY +7.0% +2.7% +17.1% +17.8% +17.1%

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