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JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD., First Half Ordinary Profit Increases by 30%, The Undetermined Dividend to Rise by 5 yen

Tue Nov 12, 2024 3:30 pm JST Earnings

6544 JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD. <6544> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 3.94 billion yen, an increase of 30.2% compared to the same period last year. The progress rate against the 8 billion yen full-year plan was 49.3%, exceeding the five-year average of 44.6%.

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 grow by 6.1% from the same period last year, reaching 4.05 billion yen.

At the same time, the company has decided to implement a year-end lump-sum dividend of 30 yen for the current fiscal year, which was previously undecided (compared to 25 yen in the prior term).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 17.4% from the same period last year, reaching 2 billion yen. The operating profit margin rose from 16.3% in the same period last year to 17.1%.

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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 15,987 2,073 2,168 1,401 7.9 42.5 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 19,887 3,005 3,031 1,930 10.8 44.2 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 23,264 3,926 3,946 2,522 14.2 49.3 Nov 12, 2024 J-GAAP
YoY +17.0% +30.6% +30.2% +30.7% +30.6%

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 ー ー ー ー － － May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 23,264 3,926 3,946 2,522 14.2 － Nov 12, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 47,000 8,000 8,000 5,100 28.6 － May 13, 2024 J-GAAP
Mar, 2025 New 47,000 8,000 8,000 5,100 28.6 15 Nov 12, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 22,329 3,816 3,820 2,585 14.5 12.50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,736 4,074 4,054 2,578 14.5 15 Nov 12, 2024 J-GAAP
YoY +6.3% +6.8% +6.1% -0.3% -0.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 34,907 5,010 5,100 3,153 17.7 8.50 May 12, 2023 J-GAAP
Mar, 2024 42,216 6,821 6,851 4,515 25.4 12.50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 47,000 8,000 8,000 5,100 28.6 15 Nov 12, 2024 J-GAAP
YoY +11.3% +17.3% +16.8% +13.0% +12.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,393 1,697 1,705 1,093 6.1 16.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 10,600 1,767 1,767 1,121 6.3 16.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 11,729 2,049 2,053 1,464 8.2 17.5 May 13, 2024 J-GAAP
Apr - Jun, 2024 11,544 1,924 1,945 1,256 7.1 16.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 11,720 2,002 2,001 1,266 7.1 17.1 Nov 12, 2024 J-GAAP
YoY +12.8% +18.0% +17.4% +15.8% +15.8%

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