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ISHIZUKA GLASS CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 33%

Thu Oct 24, 2024 1:00 pm JST Earnings

5204 ISHIZUKA GLASS CO.,LTD. 【J-GAAP】

Earnings Report

ISHIZUKA GLASS CO.,LTD. <5204> [TSE-S] announced its financial results in the afternoon session on October 24th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 14.6% from the same period last year to 2.76 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 33.3%, from the previous forecast of 2.1 billion yen to 2.8 billion yen (compared to 5.36 billion yen in the previous period), and the declining rate is expected to decrease from 60.8% to 47.8%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 98.5% from the same period last year to 32 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.35 billion yen, a 19.6% decrease compared to the same period last year. The operating profit margin decreased from 10.5% in the same period last year to 8.2%.

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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 29,413 1,563 1,858 126 30.3 80.2 Oct 24, 2022 J-GAAP
Apr - Sep, 2023 29,855 3,198 3,240 2,461 589.8 60.4 Oct 25, 2023 J-GAAP
Apr - Sep, 2024 28,823 2,505 2,768 1,944 466.3 98.9 Oct 24, 2024 J-GAAP
YoY -3.5% -21.7% -14.6% -21.0% -20.9%

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 ー ー ー ー － － Apr 25, 2024 J-GAAP
Apr - Sep, 2024 Results 28,823 2,505 2,768 1,944 466.3 － Oct 24, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 57,000 2,500 2,100 1,700 406.3 60 Apr 25, 2024 J-GAAP
Mar, 2025 New 57,000 2,800 2,800 2,100 501.8 60 Oct 24, 2024 J-GAAP
Revision Rate 0.0% +12.0% +33.3% +23.5% +23.5%

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 28,027 2,258 2,122 2,246 538.8 60 Apr 25, 2024 J-GAAP
Oct - Mar, 2024 Guidance 28,177 295 32 156 37.3 60 Oct 24, 2024 J-GAAP
YoY +0.5% -86.9% -98.5% -93.1% -93.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 56,749 2,210 2,317 252 60.3 35 Apr 26, 2023 J-GAAP
Mar, 2024 57,882 5,456 5,362 4,707 1,129.2 60 Apr 25, 2024 J-GAAP
Mar, 2025 Guidance 57,000 2,800 2,800 2,100 501.8 60 Oct 24, 2024 J-GAAP
YoY -1.5% -48.7% -47.8% -55.4% -55.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 14,877 1,558 1,681 1,343 321.9 10.5 Oct 25, 2023 J-GAAP
Oct - Dec, 2023 15,059 1,734 1,771 1,564 375.3 11.5 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 12,968 524 351 682 163.6 4.0 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 14,300 1,320 1,417 971 232.9 9.2 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 14,523 1,185 1,351 973 233.4 8.2 Oct 24, 2024 J-GAAP
YoY -2.4% -23.9% -19.6% -27.6% -27.5%

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