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eSOL, First Half Ordinary Profit Decreases by 71%, Apr-Jun Ordinary Profit Decreases by 83%
4420 eSOL Co.,Ltd. 【J-GAAP】
Earnings ReporteSOL Co.,Ltd. <4420> [TSE Std] announced its financial results after the market closed on August 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) significantly dropped 71.4% from the same period last year to 217 million yen. Progress toward the full-year plan of 946 million yen was 22.9%, also falling below the five-year average of 106.3%.
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 July to December period (second half) is expected to expand 80.9% from the same period last year, reaching 729 million yen.
In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit significantly dropped to 49 million yen, an 83.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.0% in the same period last year to 0.8%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2023 | 4,667 | -24 | 104 | 72 | 3.6 | 167.7 | Aug 10, 2023 | J-GAAP |
| Jan - Jun, 2024 | 6,030 | 725 | 760 | 570 | 28.5 | 65.3 | Aug 9, 2024 | J-GAAP |
| Jan - Jun, 2025 | 5,647 | 183 | 217 | 139 | 7.4 | 22.9 | Aug 8, 2025 | J-GAAP |
| YoY | -6.4% | -74.8% | -71.4% | -75.6% | -74.2% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 Guidance | 5,785 | 214 | 230 | 177 | 9.3 | 1.50 | Feb 14, 2025 | J-GAAP |
| Jan - Jun, 2025 Results | 5,647 | 183 | 217 | 139 | 7.4 | 1.50 | Aug 8, 2025 | J-GAAP |
| Revision Rate | -2.4% | -14.5% | -5.7% | -21.5% | -21.1% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2024 | 5,878 | 388 | 403 | 322 | 16.5 | 4 | Feb 14, 2025 | J-GAAP |
| Jul - Dec, 2025 Guidance | 7,060 | 735 | 729 | 542 | 27.5 | 4 | Aug 8, 2025 | J-GAAP |
| YoY | +20.1% | +89.4% | +80.9% | +68.3% | +66.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 9,628 | -82 | 62 | 136 | 6.7 | 5.50 | Feb 14, 2024 | J-GAAP |
| Dec, 2024 | 11,908 | 1,113 | 1,163 | 892 | 45.7 | 5.50 | Feb 14, 2025 | J-GAAP |
| Dec, 2025 Guidance | 12,707 | 918 | 946 | 681 | 34.6 | 5.50 | Feb 14, 2025 | J-GAAP |
| YoY | +6.7% | -17.5% | -18.7% | -23.7% | -24.4% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Jun, 2024 | 2,923 | 264 | 293 | 193 | 9.6 | 9.0 | Aug 9, 2024 | J-GAAP |
| Jul - Sep, 2024 | 2,772 | 123 | 132 | 104 | 5.3 | 4.4 | Nov 14, 2024 | J-GAAP |
| Oct - Dec, 2024 | 3,106 | 265 | 271 | 218 | 11.2 | 8.5 | Feb 14, 2025 | J-GAAP |
| Jan - Mar, 2025 | 2,886 | 160 | 168 | 112 | 5.9 | 5.5 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 2,761 | 23 | 49 | 27 | 1.4 | 0.8 | Aug 8, 2025 | J-GAAP |
| YoY | -5.5% | -91.3% | -83.3% | -86.0% | -85.2% |
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