Ekitan & Co.,Ltd., First Half Ordinary Profit Loss Narrows

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Tue Nov 12, 2024 4:15 pm JST Earnings

3646 Ekitan & Co.,Ltd. 【J-GAAP】

Earnings Report

Ekitan & Co.,Ltd. <3646> [TSE-G] announced its financial results after the market closed on November 12th (16:15). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 3 million yen (compared to a loss of 71 million yen in the same period last year), a reduction in the deficit from the previous forecast of a loss of 7 million yen.

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 16.3% from the same period last year, reaching 114 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 9 million yen (compared to a loss of 30 million yen in the same period last year). The operating profit/loss margin significantly improved from -3.4% in the same period last year to 1.0%.

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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	1,529	63	65	48	8.9	62.5	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	1,941	-74	-71	-794	-163.9	ー	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	1,764	-10	-3	-15	-3.2	ー	Nov 12, 2024	J-GAAP
YoY	-9.1%	+86.5%	+95.8%	+98.1%	+98.1%

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	1,993	-15	-7	-10	-2.1	0	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	1,764	-10	-3	-15	-3.2	0	Nov 12, 2024	J-GAAP
Revision Rate	-11.5%	+33.3%	+57.1%	-50.0%	-51.4%

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	2,097	97	98	58	12.0	14	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,563	111	114	88	18.6	14	Nov 12, 2024	J-GAAP
YoY	+22.2%	+14.4%	+16.3%	+51.7%	+55.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,206	105	104	89	17.0	14	May 10, 2023	J-GAAP
Mar, 2024	4,038	23	27	-736	-152.0	14	May 9, 2024	J-GAAP
Mar, 2025 Guidance	4,327	101	111	73	15.5	14	May 9, 2024	J-GAAP
YoY	+7.2%	+339.1%	+311.1%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	942	-32	-30	-753	-155.5	-3.4	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	1,103	59	60	51	10.5	5.3	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	994	38	38	7	1.5	3.8	May 9, 2024	J-GAAP
Apr - Jun, 2024	859	-19	-12	-18	-3.8	-2.2	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	905	9	9	3	0.6	1.0	Nov 12, 2024	J-GAAP
YoY	-3.9%	－	－	－	－