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No.1 Co.,Ltd, First Half Ordinary Profit Increases by 3%

Fri Oct 11, 2024 3:00 pm JST Earnings

3562 No.1 Co.,Ltd 【J-GAAP】

Earnings Report

No.1 Co.,Ltd <3562> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 480 million yen, a 2.6% increase compared to the same period last year. The progress rate against the 915 million yen full-year plan was 52.5%, also surpassing the five-year average of 41.0%.

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 September to February period (second half) is expected to drop by 41.8% from the same period last year to 435 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit amounted to 337 million yen, an increase of 1.5% compared to the same period last year. However, the operating profit margin worsened from 9.8% in the same period last year to 9.2%.

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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
Mar - Aug, 2022 6,618 601 599 558 85.2 52.4 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 6,584 474 468 356 53.7 38.5 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 6,824 479 480 221 33.6 52.5 Oct 11, 2024 J-GAAP
YoY +3.6% +1.1% +2.6% -37.9% -37.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 17.50 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 6,824 479 480 221 33.6 17.50 Oct 11, 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
Sep - Feb, 2023 6,868 753 748 530 81.2 16.50 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 7,276 451 435 352 51.9 17.50 Oct 11, 2024 J-GAAP
YoY +5.9% -40.1% -41.8% -33.6% -36.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 13,308 1,150 1,143 911 138.7 32 Apr 14, 2023 J-GAAP
Feb, 2024 13,452 1,227 1,216 886 135.8 33 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 14,100 930 915 573 84.4 35 Apr 12, 2024 J-GAAP
YoY +4.8% -24.2% -24.8% -35.3% -37.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 3,428 336 332 227 34.2 9.8 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 3,172 159 157 79 12.1 5.0 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 3,696 594 591 451 69.1 16.1 Apr 12, 2024 J-GAAP
Mar - May, 2024 3,191 145 143 80 12.6 4.5 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 3,633 334 337 141 21.4 9.2 Oct 11, 2024 J-GAAP
YoY +6.0% -0.6% +1.5% -37.9% -37.4%

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