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ELAN, First Half Ordinary Profit Increases by 5%
6099 ELAN Corporation 【J-GAAP】
Earnings ReportELAN Corporation <6099> [TSE Prime] announced its financial results after the market closed on August 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 5.1% from the same period last year, reaching 2.04 billion yen. However, Progress toward the full-year plan of 4.74 billion yen was 43.2%, also falling below the five-year average of 50.2%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to expand 68.7% from the same period last year, reaching 2.69 billion yen.
In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit amounted to 0.86 billion yen, a 1.7% decrease compared to the same period last year. The operating profit margin worsened from 7.7% in the same period last year to 6.6%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2023 | 19,781 | 1,801 | 1,813 | 1,253 | 20.7 | 49.3 | Aug 7, 2023 | J-GAAP |
| Jan - Jun, 2024 | 22,844 | 1,930 | 1,948 | 1,325 | 21.9 | 55.0 | Aug 6, 2024 | J-GAAP |
| Jan - Jun, 2025 | 26,840 | 2,075 | 2,048 | 1,367 | 22.6 | 43.2 | Aug 6, 2025 | J-GAAP |
| YoY | +17.5% | +7.5% | +5.1% | +3.2% | +3.1% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Jun, 2025 Guidance | 27,100 | 2,160 | 2,170 | 1,390 | 23.0 | 0 | Feb 10, 2025 | J-GAAP |
| Jan - Jun, 2025 Results | 26,840 | 2,075 | 2,048 | 1,367 | 22.6 | 0 | Aug 6, 2025 | J-GAAP |
| Revision Rate | -1.0% | -3.9% | -5.6% | -1.7% | -1.7% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Dec, 2024 | 24,669 | 1,647 | 1,596 | 1,029 | 17.0 | 13 | Feb 10, 2025 | J-GAAP |
| Jul - Dec, 2025 Guidance | 32,160 | 2,645 | 2,692 | 1,723 | 28.5 | 15 | Aug 6, 2025 | J-GAAP |
| YoY | +30.4% | +60.6% | +68.7% | +67.4% | +67.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Dec, 2023 | 41,425 | 3,665 | 3,681 | 2,518 | 41.7 | 13 | Feb 14, 2024 | J-GAAP |
| Dec, 2024 | 47,513 | 3,577 | 3,544 | 2,354 | 38.9 | 13 | Feb 10, 2025 | J-GAAP |
| Dec, 2025 Guidance | 59,000 | 4,720 | 4,740 | 3,090 | 51.1 | 15 | Feb 10, 2025 | J-GAAP |
| YoY | +24.2% | +32.0% | +33.7% | +31.3% | +31.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Oct - Dec, 2024 | 12,666 | 846 | 847 | 522 | 8.6 | 6.7 | Feb 10, 2025 | J-GAAP |
| Jan - Mar, 2025 | 13,433 | 1,187 | 1,180 | 800 | 13.2 | 8.8 | May 2, 2025 | J-GAAP |
| Apr - Jun, 2025 | 13,407 | 888 | 868 | 567 | 9.4 | 6.6 | Aug 6, 2025 | J-GAAP |
| YoY | +18.0% | +2.0% | -1.7% | -5.3% | -5.3% |
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