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ELAN Corporation, July-September (3Q) Ordinary Profit Decreases by 19%

Wed Nov 6, 2024 12:30 pm JST Earnings

6099 ELAN Corporation 【J-GAAP】

Earnings Report

ELAN Corporation <6099> [TSE-P] announced its financial results at noon (12:30) on November 6th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 2.69 billion yen, a 1.6% decrease compared to the same period last year. The progress rate against the 4.23 billion yen full-year plan was 63.8%, also falling below the five-year average of 75.0%.

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 expand by 63.3% from the same period last year, reaching 1.53 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 749 million yen, a 19.4% decrease compared to the same period last year. The operating profit margin worsened from 8.7% in the same period last year to 6.7%.

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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 26,765 2,562 2,580 1,763 29.2 75.6 Nov 10, 2022 J-GAAP
Jan - Sep, 2023 30,426 2,726 2,742 1,888 31.2 74.5 Nov 7, 2023 J-GAAP
Jan - Sep, 2024 34,847 2,731 2,697 1,832 30.3 63.8 Nov 6, 2024 J-GAAP
YoY +14.5% +0.2% -1.6% -3.0% -3.0%

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 21,644 1,864 1,868 1,265 20.9 13 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 27,156 2,270 2,282 1,525 25.2 14 Aug 6, 2024 J-GAAP
YoY +25.5% +21.8% +22.2% +20.6% +20.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 36,264 3,391 3,411 2,082 34.5 11 Feb 9, 2023 J-GAAP
Dec, 2023 41,425 3,665 3,681 2,518 41.7 13 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 50,000 4,200 4,230 2,850 47.1 14 Feb 14, 2024 J-GAAP
YoY +20.7% +14.6% +14.9% +13.2% +13.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,645 925 929 635 10.5 8.7 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 10,999 939 939 630 10.4 8.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 11,486 1,059 1,065 726 12.0 9.2 May 8, 2024 J-GAAP
Apr - Jun, 2024 11,358 871 883 599 9.9 7.7 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 12,003 801 749 507 8.4 6.7 Nov 6, 2024 J-GAAP
YoY +12.8% -13.4% -19.4% -20.2% -20.2%

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