YAMAKI, The Current Fiscal Year Ordinary Profit Revised Downward by 90%
3598 YAMAKI CO.,LTD. 【J-GAAP】
Earnings ReportYAMAKI CO.,LTD. <3598> [TSE Std] announced its financial results after the market closed on February 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 73.5% from the same period last year to 85 million yen.
In addition, the full-year consolidated ordinary profit has decreased 90.2%, from the previous forecast of 255 million yen to 25 million yen (compared to 262 million yen in the previous period), leading to an increase in the profit decline rate from 2.7% to 90.5%.
Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the October to March period (2H) has been revised downward from an expected profit of 184 million yen to a loss of 46 million yen (compared to a loss of 85 million yen in the same period of the previous year), turning to a loss outlook.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 14 million yen (compared to a loss of 26 million yen in the same period last year). However, the operating profit/loss margin worsened from 0.7% in the same period last year to -1.4%.
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Actual Performance and Financial Trends
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Progress Rate vs. First Half |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
8,538M | -104M | -37M | -29M | -2.1 | ー | Feb 10, 2023 | J-GAAP |
|
|
8,692M | 299M | 321M | 251M | 17.7 | 122.5 | Feb 13, 2024 | J-GAAP |
|
|
8,027M | 65M | 85M | 129M | 9.1 | 340.0 | Feb 14, 2025 | J-GAAP |
| YoY | -7.7% | -78.3% | -73.5% | -48.6% | -48.6% |
Guidance Update
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 Prev | 6,427M | 176M | 184M | 70M | 4.9 | 3 | Nov 14, 2024 | J-GAAP |
| Oct - Mar, 2024 New | 5,327M | -49M | -46M | -90M | -6.4 | 3 | Feb 14, 2025 | J-GAAP |
| Revision Rate | -17.1% | - | - | - | - |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 Prev | 12,100M | 275M | 255M | 200M | 14.1 | 3 | May 15, 2024 | J-GAAP |
| Mar, 2025 New | 11,000M | 50M | 25M | 40M | 2.8 | 3 | Feb 14, 2025 | J-GAAP |
| Revision Rate | -9.1% | -81.8% | -90.2% | -80.0% | -80.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
5,292M | -60M | -85M | -42M | -3.0 | 3 | May 15, 2024 | J-GAAP |
|
Guidance
Oct - Mar, 2024
|
5,327M | -49M | -46M | -90M | -6.4 | 3 | Feb 14, 2025 | J-GAAP |
| YoY | +0.7% | +18.3% | +45.9% | -114.3% | -113.8% |
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Adj. Dividend |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
11,397M | -101M | -79M | 468M | 33.1 | 0 | May 15, 2023 | J-GAAP |
|
|
11,448M | 221M | 262M | 214M | 15.1 | 3 | May 15, 2024 | J-GAAP |
|
Guidance
Mar, 2025
|
11,000M | 50M | 25M | 40M | 2.8 | 3 | Feb 14, 2025 | J-GAAP |
| YoY | -3.9% | -77.4% | -90.5% | -81.3% | -81.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit |
Ordinary Profit |
Net Profit |
Adj. EPS |
Operating Profit Margin |
Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
|
|
2,536M | 18M | -26M | -5M | -0.4 | 0.7 | Feb 13, 2024 | J-GAAP |
|
|
2,756M | -78M | -59M | -37M | -2.6 | -2.8 | May 15, 2024 | J-GAAP |
|
|
3,209M | 148M | 221M | 280M | 19.8 | 4.6 | Aug 9, 2024 | J-GAAP |
|
|
2,464M | -49M | -150M | -150M | -10.7 | -2.0 | Nov 14, 2024 | J-GAAP |
|
|
2,354M | -34M | 14M | -1M | -0.1 | -1.4 | Feb 14, 2025 | J-GAAP |
| YoY | -7.2% | - | - | +80.0% | +80.0% |