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IKUYO CO.,LTD., First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Decreases by 31%

Thu Nov 14, 2024 3:35 pm JST Earnings

7273 IKUYO CO.,LTD. 【J-GAAP】

Earnings Report

IKUYO CO.,LTD. <7273> [TSE-S] announced its financial results after the market closed on November 14th (15:35). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 44 million yen (compared to a profit of 138 million yen in the same period last 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 significant drop by 65.1% from the same period last year to 199 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 65 million yen, a 30.9% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 1.3%.

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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 6,430 114 121 72 4.8 17.1 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 8,106 154 138 113 7.5 19.5 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 8,288 -54 -44 16 1.1 ー Nov 14, 2024 J-GAAP
YoY +2.2% － － -85.8% -85.6%

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 7,948 -123 -126 -55 -3.6 0 May 16, 2024 J-GAAP
Apr - Sep, 2024 Results 8,288 -54 -44 16 1.1 0 Nov 14, 2024 J-GAAP
Revision Rate +4.3% +56.1% +65.1% － －

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 9,245 558 570 375 24.6 3 May 16, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,813 221 199 126 8.3 3 Nov 14, 2024 J-GAAP
YoY -4.7% -60.4% -65.1% -66.4% -66.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,608 695 706 493 32.4 2 May 18, 2023 J-GAAP
Mar, 2024 17,351 712 708 488 32.1 3 May 16, 2024 J-GAAP
Mar, 2025 Guidance 17,101 167 155 142 9.3 3 May 16, 2024 J-GAAP
YoY -1.4% -76.5% -78.1% -70.9% -70.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,355 117 94 87 5.8 2.7 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 4,315 47 60 62 4.1 1.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 4,930 511 510 313 20.6 10.4 May 16, 2024 J-GAAP
Apr - Jun, 2024 3,968 -112 -109 -109 -7.2 -2.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,320 58 65 125 8.5 1.3 Nov 14, 2024 J-GAAP
YoY -0.8% -50.4% -30.9% +43.7% +46.9%

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