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Broad-Minded Co.,Ltd., First Half Ordinary Profit Decreases by 30%, July-September Ordinary Profit Decreases by 35%

Wed Nov 13, 2024 4:00 pm JST Earnings

7343 Broad-Minded Co.,Ltd. 【J-GAAP】

Earnings Report

Broad-Minded Co.,Ltd. <7343> [TSE-G] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 30.3% from the same period last year to 182 million yen. The progress rate against the 825 million yen full-year plan was 22.1%, also falling below the five-year average of 36.1%.

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 30.2% from the same period last year, reaching 643 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 67 million yen, a 35.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.3% in the same period last year to 5.2%.

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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 1,820 266 267 267 50.5 41.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 2,164 245 261 167 31.3 34.7 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 2,655 171 182 66 12.0 22.1 Nov 13, 2024 J-GAAP
YoY +22.7% -30.2% -30.3% -60.5% -61.7%

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 － 0 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 2,655 171 182 66 12.0 0 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

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 3,057 475 492 279 51.9 40 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,515 649 643 394 69.2 80 Nov 13, 2024 J-GAAP
YoY +15.0% +36.6% +30.7% +41.2% +33.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 4,324 618 651 535 100.8 24 May 12, 2023 J-GAAP
Mar, 2024 5,221 720 753 446 82.9 40 May 14, 2024 J-GAAP
Mar, 2025 Guidance 6,170 820 825 460 80.7 80 May 14, 2024 J-GAAP
YoY +18.2% +13.9% +9.6% +3.1% -2.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,134 94 103 67 12.5 8.3 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 1,075 173 176 112 20.9 16.1 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,982 302 316 167 31.1 15.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 1,448 83 89 26 4.7 5.7 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 1,207 88 93 40 7.3 7.3 Nov 13, 2024 J-GAAP
YoY +6.4% -6.4% -9.7% -40.3% -42.1%

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