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Isamu Paint co., Ltd., First Half Ordinary Profit Decreases by 23%

Wed Nov 6, 2024 1:00 pm JST Earnings

4624 Isamu Paint co., Ltd. 【J-GAAP】

Earnings Report

Isamu Paint co., Ltd. <4624> [TSE-S] announced its financial results in the afternoon session on November 6th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 22.8% from the same period last year to 356 million yen, fell short of the previous forecast of 420 million yen.

The progress rate against the 850 million yen full-year plan was 41.9%, also falling below the five-year average of 54.0%.

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 October to March period (second half) is expected to expand by 68.0% from the same period last year, reaching 494 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 141 million yen, a 28.8% decrease compared to the same period last year. The operating profit margin worsened from 8.6% in the same period last year to 5.7%.

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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 3,715 248 298 200 104.7 46.7 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 4,043 406 461 315 165.4 61.1 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 4,039 291 356 247 129.9 41.9 Nov 6, 2024 J-GAAP
YoY -0.1% -28.3% -22.8% -21.6% -21.5%

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 4,000 370 420 288 151.1 25 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 4,039 291 356 247 129.9 25 Nov 6, 2024 J-GAAP
Revision Rate +1.0% -21.4% -15.2% -14.2% -14.1%

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 3,952 239 294 205 107.6 25 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,061 459 494 338 177.4 25 Nov 6, 2024 J-GAAP
YoY +2.8% +92.1% +68.0% +64.9% +64.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,601 537 638 437 229.1 50 May 10, 2023 J-GAAP
Mar, 2024 7,995 645 755 520 272.9 50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 8,100 750 850 585 307.0 50 May 10, 2024 J-GAAP
YoY +1.3% +16.3% +12.6% +12.5% +12.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,055 176 198 138 72.5 8.6 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 2,088 269 302 214 112.2 12.9 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 1,864 -30 -8 -9 -4.7 -1.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,008 175 215 146 76.7 8.7 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 2,031 116 141 101 53.1 5.7 Nov 6, 2024 J-GAAP
YoY -1.2% -34.1% -28.8% -26.8% -26.7%

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