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YAKUODO HOLDINGS Co., Ltd., First Half Ordinary Profit Revised Downward to an Unexpected 4%Decrease

Fri Oct 4, 2024 3:30 pm JST Earnings

7679 YAKUODO HOLDINGS Co., Ltd. 【J-GAAP】

Earnings Report

YAKUODO HOLDINGS Co., Ltd. <7679> [TSE-P] announced its financial results after the market closed on October 4th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 3.7% from the same period last year to 3.32 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.2% increase.

The progress rate against the 6 billion yen full-year plan was 55.5%, below the five-year average of 59.6%.

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 September to February period (second half) is expected to grow by 23.3% from the same period last year, reaching 2.67 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 1.84 billion yen, a 8.5% decrease compared to the same period last year. The operating profit margin worsened from 5.1% in the same period last year to 4.4%.

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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
Mar - Aug, 2022 64,683 2,822 2,986 2,060 104.6 59.5 Oct 5, 2022 J-GAAP
Mar - Aug, 2023 71,542 3,269 3,458 2,289 116.9 61.5 Oct 5, 2023 J-GAAP
Mar - Aug, 2024 76,791 3,180 3,329 2,361 120.5 55.5 Oct 4, 2024 J-GAAP
YoY +7.3% -2.7% -3.7% +3.1% +3.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 76,800 3,350 3,500 2,400 122.5 0 Apr 5, 2024 J-GAAP
Mar - Aug, 2024 Results 76,791 3,180 3,329 2,361 120.5 0 Oct 4, 2024 J-GAAP
Revision Rate 0.0% -5.1% -4.9% -1.6% -1.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 70,699 1,940 2,167 1,536 78.4 26 Apr 5, 2024 J-GAAP
Sep - Feb, 2024 Guidance 75,409 2,520 2,671 1,639 83.6 27 Oct 4, 2024 J-GAAP
YoY +6.7% +29.9% +23.3% +6.7% +6.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 128,791 4,660 5,017 3,240 165.0 25 Apr 5, 2023 J-GAAP
Feb, 2024 142,241 5,209 5,625 3,825 195.2 26 Apr 5, 2024 J-GAAP
Feb, 2025 Guidance 152,200 5,700 6,000 4,000 204.1 27 Apr 5, 2024 J-GAAP
YoY +7.0% +9.4% +6.7% +4.6% +4.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 37,764 1,919 2,017 1,305 66.6 5.1 Oct 5, 2023 J-GAAP
Sep - Nov, 2023 35,315 1,390 1,534 1,062 54.2 3.9 Jan 5, 2024 J-GAAP
Dec - Feb, 2023 35,384 550 633 474 24.2 1.6 Apr 5, 2024 J-GAAP
Mar - May, 2024 36,625 1,403 1,483 1,027 52.5 3.8 Jul 5, 2024 J-GAAP
Jun - Aug, 2024 40,166 1,777 1,846 1,334 68.1 4.4 Oct 4, 2024 J-GAAP
YoY +6.4% -7.4% -8.5% +2.2% +2.2%

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