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YAMADA CORPORATION, First Half Ordinary Profit Decreases by 24%, July-September Ordinary Profit Decreases by 29%

Fri Nov 8, 2024 1:30 pm JST Earnings

6392 YAMADA CORPORATION 【J-GAAP】

Earnings Report

YAMADA CORPORATION <6392> [TSE-S] announced its financial results in the afternoon session on November 8th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.9% from the same period last year to 1.08 billion yen. The progress rate against the 2.2 billion yen full-year plan was 49.1%, almost the same as the five-year average of 50.5%.

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 decrease by 1.2% from the same period last year to 1.12 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 507 million yen, a 28.9% decrease compared to the same period last year. The operating profit margin significantly dropped from 18.5% in the same period last year to 12.6%.

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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 7,173 1,079 1,106 788 329.3 52.8 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 7,552 1,391 1,419 1,104 461.6 55.6 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 7,141 949 1,080 789 329.7 49.1 Nov 8, 2024 J-GAAP
YoY -5.4% -31.8% -23.9% -28.5% -28.6%

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 7,200 1,030 1,055 790 330.0 100 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 7,141 949 1,080 789 329.7 100 Nov 8, 2024 J-GAAP
Revision Rate -0.8% -7.9% +2.4% -0.1% -0.1%

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 7,201 1,074 1,134 814 340.1 180 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,559 1,201 1,120 861 359.7 110 Nov 8, 2024 J-GAAP
YoY +5.0% +11.8% -1.2% +5.8% +5.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 13,716 1,872 2,095 1,494 624.2 130 May 11, 2023 J-GAAP
Mar, 2024 14,753 2,465 2,553 1,918 801.4 230 May 13, 2024 J-GAAP
Mar, 2025 Guidance 14,700 2,150 2,200 1,650 689.3 210 May 13, 2024 J-GAAP
YoY -0.4% -12.8% -13.8% -14.0% -14.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,864 716 713 611 255.5 18.5 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 3,190 369 479 343 143.3 11.6 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 4,011 705 655 471 196.8 17.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 3,700 516 573 411 171.8 13.9 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 3,441 433 507 378 158.0 12.6 Nov 8, 2024 J-GAAP
YoY -10.9% -39.5% -28.9% -38.1% -38.2%

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