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IBOKIN Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 59%, July-September Ordinary Profit Increases by 11%

Thu Nov 14, 2024 3:15 pm JST Earnings

5699 IBOKIN Co.,Ltd. 【J-GAAP】

Earnings Report

IBOKIN Co.,Ltd. <5699> [TSE-S] announced its financial results in the afternoon session on November 14th (15:15). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 621 million yen, an increase of 58.8% compared to the same period last year. The progress rate against the 624 million yen full-year plan was 99.5%, also surpassing the five-year average of 71.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to significant drop by 98.6% from the same period last year to 3 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 11.4% from the same period last year, reaching 176 million yen. The operating profit margin improved from 6.6% in the same period last year to 7.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 6,107 302 334 222 66.1 63.6 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 6,132 380 391 256 77.2 64.6 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 7,225 603 621 406 122.8 99.5 Nov 14, 2024 J-GAAP
YoY +17.8% +58.7% +58.8% +58.6% +59.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 4,877 358 372 244 73.6 27.50 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 4,230 183 179 109 33.1 25 Aug 9, 2024 J-GAAP
YoY -13.3% -48.9% -51.9% -55.3% -55.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 7,961 486 525 346 102.9 22.50 Feb 14, 2023 J-GAAP
Dec, 2023 8,660 584 605 396 119.5 27.50 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 9,216 613 624 400 121.6 25 Feb 14, 2024 J-GAAP
YoY +6.4% +5.0% +3.1% +1.0% +1.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,349 154 158 104 31.4 6.6 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 2,528 204 214 140 42.2 8.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,442 186 192 126 38.1 7.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,544 244 253 165 50.0 9.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,239 173 176 115 34.8 7.7 Nov 14, 2024 J-GAAP
YoY -4.7% +12.3% +11.4% +10.6% +11.0%

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