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Ishikawa Seisakusho,Ltd, First Half Ordinary Profit Increases by 4.5 times

Mon Nov 11, 2024 3:30 pm JST Earnings

6208 Ishikawa Seisakusho,Ltd 【J-GAAP】

Earnings Report

Ishikawa Seisakusho,Ltd <6208> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 4.5 times that of the same period last year, reaching 309 million yen, exceeded the previous forecast of 190 million yen.

The progress rate against the 590 million yen full-year plan was 52.4%, also surpassing the progress rate of 27.3% from the same period of the previous year.

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 October to March period (second half) is expected to expand by 52.7% from the same period last year, reaching 281 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.0 times that of the same period last year, reaching 292 million yen. The operating profit margin drastically improved from 3.2% in the same period last year to 8.9%.

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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 5,613 38 51 30 4.8 23.5 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 5,877 68 69 38 6.1 27.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 6,064 319 309 215 33.8 52.4 Nov 11, 2024 J-GAAP
YoY +3.2% +369.1% +347.8% +465.8% +458.4%

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 6,800 200 190 110 17.2 0 May 8, 2024 J-GAAP
Apr - Sep, 2024 Results 6,064 319 309 215 33.8 0 Nov 11, 2024 J-GAAP
Revision Rate -10.8% +59.5% +62.6% +95.5% +96.3%

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 7,721 185 184 213 33.5 0 May 8, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,936 301 281 155 24.3 10 Nov 11, 2024 J-GAAP
YoY +28.7% +62.7% +52.7% -27.2% -27.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 12,593 207 217 167 26.2 0 May 10, 2023 J-GAAP
Mar, 2024 13,598 253 253 251 39.5 0 May 8, 2024 J-GAAP
Mar, 2025 Guidance 16,000 620 590 370 58.0 10 May 8, 2024 J-GAAP
YoY +17.7% +145.1% +133.2% +47.4% +46.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,326 105 96 79 12.6 3.2 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 2,415 -66 -62 -63 -10.1 -2.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,306 251 246 276 43.4 4.7 May 8, 2024 J-GAAP
Apr - Jun, 2024 2,595 11 17 18 2.9 0.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,469 308 292 197 31.0 8.9 Nov 11, 2024 J-GAAP
YoY +4.3% +193.3% +204.2% +149.4% +146.1%

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