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Japan Eyewear, Last Fiscal Year Net Income Revised Upward by 8%, Raises Record High Profit Forecast, Dividend Revised Upward by 5 yen

Mon Feb 10, 2025 4:00 pm JST Revision

5889 Japan Eyewear Holdings Co., Ltd. 【IFRS】

Guidance Update Report

Japan Eyewear Holdings Co., Ltd. <5889> [TSE Std] announced a revision to its performance and dividend after the market closed on February 10th (16:00). The consolidated net income for the fiscal year ending January 2025 has been revised upward 8.4%, from the previous forecast of 3.09 billion yen to 3.35 billion yen (compared to 2.21 billion yen in the previous period), increasing the growth rate from 39.4% to 51.1%, further surpassing the previous forecast of record-high profits for four consecutive terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the August to January period (2H) consolidated net income is expected to increase 18.4%, from the previous forecast of 1.41 billion yen to 1.67 billion yen (compared to 1.33 billion yen in the same period of the previous year), increasing the growth rate from 6.2% to 25.7%.

In light of the strong performance, the company has increased its planned annual dividend for the last fiscal year from the original plan of 51 yen to 56 yen (compared to 19 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2024 Prev 7,790 2,246 2,088 1,413 58.6 29 Dec 12, 2024 IFRS
Aug - Jan, 2024 New 8,200 2,576 2,428 1,673 69.7 34 Feb 10, 2025 IFRS
Revision Rate +5.3% +14.7% +16.3% +18.4% +18.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2025 Prev 16,090 5,000 4,570 3,090 128.2 51 Dec 12, 2024 IFRS
Jan, 2025 New 16,500 5,330 4,910 3,350 139.6 56 Feb 10, 2025 IFRS
Revision Rate +2.5% +6.6% +7.4% +8.4% +8.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 7,125 1,906 1,713 1,331 66.1 19 Mar 13, 2024 IFRS
Aug - Jan, 2024 Guidance 8,200 2,576 2,428 1,673 69.7 34 Feb 10, 2025 IFRS
YoY +15.1% +35.2% +41.7% +25.7% +5.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan, 2024 13,528 3,700 3,295 2,217 110.1 19 Mar 13, 2024 IFRS
Jan, 2025 Guidance 16,500 5,330 4,910 3,350 139.6 56 Feb 10, 2025 IFRS
YoY +22.0% +44.1% +49.0% +51.1% +26.8%

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