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ICHISHIN HOLDINGS CO., LTD., First Half Ordinary Profit Decreases by 14%, June-Augus Ordinary Profit Decreases by 8%

Fri Oct 11, 2024 4:00 pm JST Earnings

4645 ICHISHIN HOLDINGS CO., LTD. 【J-GAAP】

Earnings Report

ICHISHIN HOLDINGS CO., LTD. <4645> [TSE-S] announced its financial results after the market closed on October 11th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 13.8% from the same period last year to 362 million yen. The progress rate against the 765 million yen full-year plan was 47.3%, also falling below the five-year average of 59.2%.

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 grow by 18.2% from the same period last year, reaching 403 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 678 million yen, a 7.9% decrease compared to the same period last year. The operating profit margin decreased from 15.2% in the same period last year to 14.1%.

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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 8,523 506 427 320 31.6 58.2 Oct 11, 2022 J-GAAP
Mar - Aug, 2023 8,860 537 420 250 25.2 55.2 Oct 10, 2023 J-GAAP
Mar - Aug, 2024 9,120 493 362 236 24.8 47.3 Oct 11, 2024 J-GAAP
YoY +2.9% -8.2% -13.8% -5.6% -1.7%

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 － 0 Apr 9, 2024 J-GAAP
Mar - Aug, 2024 Results 9,120 493 362 236 24.8 0 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 9,088 404 341 113 11.4 10 Apr 9, 2024 J-GAAP
Sep - Feb, 2024 Guidance 9,239 478 403 129 15.8 10 Oct 11, 2024 J-GAAP
YoY +1.7% +18.3% +18.2% +14.2% +39.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 17,292 894 734 365 36.2 10 Apr 11, 2023 J-GAAP
Feb, 2024 17,948 941 761 363 36.6 10 Apr 9, 2024 J-GAAP
Feb, 2025 Guidance 18,359 971 765 365 44.8 10 Apr 9, 2024 J-GAAP
YoY +2.3% +3.2% +0.5% +0.6% +22.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 5,082 772 736 415 41.9 15.2 Oct 10, 2023 J-GAAP
Sep - Nov, 2023 4,128 -110 -148 -117 -11.8 -2.7 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 4,960 514 489 230 23.2 10.4 Apr 9, 2024 J-GAAP
Mar - May, 2024 3,966 -235 -316 -222 -22.4 -5.9 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 5,154 728 678 458 48.2 14.1 Oct 11, 2024 J-GAAP
YoY +1.4% -5.7% -7.9% +10.4% +14.9%

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