ECONACH HOLDINGS CO.,LTD., First Half Ordinary Profit Increases by 4.0 times, July-September Ordinary Profit Increases by 86%

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Thu Nov 7, 2024 4:00 pm JST Earnings

3521 ECONACH HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

ECONACH HOLDINGS CO.,LTD. <3521> [TSE-S] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 4.0 times that of the same period last year, reaching 132 million yen. The progress rate against the 235 million yen full-year plan was 56.2%, also surpassing the progress rate of 18.0% from the same period of the previous year.

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 drop by 31.3% from the same period last year to 103 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 85.7% from the same period last year, reaching 91 million yen. The operating profit margin jumped from 11.3% in the same period last year to 18.4%.

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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	618	-59	-62	-61	-2.3	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	903	36	33	-8	-0.3	18.0	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	960	134	132	81	3.1	56.2	Nov 7, 2024	J-GAAP
YoY	+6.3%	+272.2%	+300.0%	－	－

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	－	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	960	134	132	81	3.1	－	Nov 7, 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	989	152	150	104	3.9	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	940	106	103	49	1.9	0	Nov 7, 2024	J-GAAP
YoY	-5.0%	-30.3%	-31.3%	-52.9%	-53.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,407	0	-7	51	1.9	0	May 12, 2023	J-GAAP
Mar, 2024	1,892	188	183	96	3.6	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	1,900	240	235	130	4.9	0	May 14, 2024	J-GAAP
YoY	+0.4%	+27.7%	+28.4%	+35.4%	+34.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	450	51	49	19	0.8	11.3	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	493	73	72	46	1.7	14.8	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	496	79	78	58	2.2	15.9	May 14, 2024	J-GAAP
Apr - Jun, 2024	459	42	41	21	0.8	9.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	501	92	91	60	2.3	18.4	Nov 7, 2024	J-GAAP
YoY	+11.3%	+80.4%	+85.7%	+215.8%	+201.3%