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Iceco, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 4%, Exceeds Full-Year Plan

Wed Feb 12, 2025 3:30 pm JST Earnings

7698 Iceco Inc. 【J-GAAP】

Earnings Report

Iceco Inc. <7698> [TSE Std] announced its financial results after the market closed on February 12th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 3.9% from the same period last year, reaching 589 million yen. The progress rate toward the full-year plan of 550 million yen is 107.1%, but it was lower than the four-year average of 114.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary loss for the January to March period (4Q) is expected to further decrease loss of 39 million yen (compared to a loss of 70 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the ordinary profit/loss turned to a profit of 2 million yen (compared to a loss of 48 million yen in the same period last year). The operating profit/loss margin improved from -0.5% in the same period last year to -0.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 34,571 157 197 156 40.7 110.1 Feb 13, 2023 J-GAAP
Apr - Dec, 2023 38,912 524 567 366 94.8 114.1 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 42,415 542 589 383 98.4 107.1 Feb 12, 2025 J-GAAP
YoY +9.0% +3.4% +3.9% +4.6% +3.9%

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 23,834 -132 -118 -79 -20.5 9.50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,880 -51 -37 -27 -6.9 9.50 Nov 13, 2024 J-GAAP
YoY +4.4% +61.4% +68.6% +65.8% +66.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 44,886 117 179 144 37.7 18.50 May 12, 2023 J-GAAP
Mar, 2024 50,498 452 497 318 82.3 19 May 13, 2024 J-GAAP
Mar, 2025 Guidance 54,000 500 550 355 90.9 19 May 13, 2024 J-GAAP
YoY +6.9% +10.6% +10.7% +11.6% +10.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 12,248 -60 -48 -31 -8.0 -0.5 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 11,586 -72 -70 -48 -12.4 -0.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 13,648 241 260 169 43.7 1.8 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 15,472 310 327 213 54.8 2.0 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 13,295 -9 2 1 0.3 -0.1 Feb 12, 2025 J-GAAP
YoY +8.5% +85.0% － － －

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