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ITOKI CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 6%, July-September Ordinary Profit Increases by 3.7 times

Tue Nov 5, 2024 3:30 pm JST Earnings

7972 ITOKI CORPORATION 【J-GAAP】

Earnings Report

ITOKI CORPORATION <7972> [TSE-P] announced its financial results after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 6.1% from the same period last year, reaching 7.8 billion yen. The progress rate against the 10 billion yen full-year plan was 78.1%, it was below the five-year average of 90.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 83.3% from the same period last year, reaching 2.19 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit surged to 3.7 times that of the same period last year, reaching 972 million yen. The operating profit margin improved from 0.6% in the same period last year to 3.2%.

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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
Jan - Sep, 2022 89,961 4,086 4,125 3,517 77.7 98.8 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 96,857 7,179 7,360 4,909 108.3 86.0 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 102,123 7,806 7,809 5,800 119.0 78.1 Nov 5, 2024 J-GAAP
YoY +5.4% +8.7% +6.1% +18.2% +9.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 64,795 1,521 1,460 1,198 26.4 42 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 64,990 3,134 3,163 1,914 38.9 55 Aug 5, 2024 J-GAAP
YoY +0.3% +106.0% +116.6% +59.8% +47.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 123,324 4,582 4,177 5,294 117.0 37 Feb 13, 2023 J-GAAP
Dec, 2023 132,985 8,523 8,555 5,905 130.3 42 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 137,500 10,000 10,000 7,000 142.3 55 Aug 5, 2024 J-GAAP
YoY +3.4% +17.3% +16.9% +18.5% +9.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 28,667 177 265 202 4.5 0.6 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 36,128 1,344 1,195 996 22.0 3.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 40,918 6,039 6,015 4,101 85.7 14.8 May 13, 2024 J-GAAP
Apr - Jun, 2024 31,592 827 822 985 20.3 2.6 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 29,613 940 972 714 14.7 3.2 Nov 5, 2024 J-GAAP
YoY +3.3% +431.1% +266.8% +253.5% +228.5%

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