IVY COSMETICS CORPORATION, First Half Net Income Turns to Loss, July-September Net Income Decreases by 10%

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Tue Nov 12, 2024 4:00 pm JST Earnings

4918 IVY COSMETICS CORPORATION 【J-GAAP】

Earnings Report

IVY COSMETICS CORPORATION <4918> [TSE-S] announced its financial results after the market closed on November 12th (16:00). The net income/loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 186 million yen (compared to a profit of 191 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the net income/loss for the October to March period (second half) is expected to turn into a profit of 266 million yen (compared to a loss of 31 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the net income decreased to 401 million yen, a 9.9% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 38.6% in the same period last year to 38.7%.

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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	1,414	-62	-64	-59	-15.3	ー	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	1,498	204	201	191	35.7	107.5	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	1,381	189	185	-186	-40.0	41.1	Nov 12, 2024	J-GAAP
YoY	-7.8%	-7.4%	-8.0%	－	－

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	1,400	190	190	-170	-33.8	0	Sep 24, 2024	J-GAAP
Apr - Sep, 2024 Results	1,381	189	185	-186	-40.0	0	Nov 12, 2024	J-GAAP
Revision Rate	-1.4%	-0.5%	-2.6%	-9.4%	-18.3%

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	1,215	-17	-14	-31	-5.1	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,519	261	265	266	47.0	0	Nov 12, 2024	J-GAAP
YoY	+25.0%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,942	-18	-21	-384	-85.2	0	May 11, 2023	J-GAAP
Mar, 2024	2,713	187	187	160	26.1	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	2,900	450	450	80	14.1	0	Sep 24, 2024	J-GAAP
YoY	+6.9%	+140.6%	+140.6%	-50.0%	-45.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,164	449	449	445	83.2	38.6	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	229	-291	-289	-288	-71.5	-127.1	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	986	274	275	257	42.0	27.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	270	-241	-244	-587	-118.3	-89.3	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	1,111	430	429	401	86.2	38.7	Nov 12, 2024	J-GAAP
YoY	-4.6%	-4.2%	-4.5%	-9.9%	+3.5%