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IWATANI CORPORATION, July-September (2Q) Ordinary Profit Decreases by 4%

Tue Nov 12, 2024 4:00 pm JST Earnings

8088 IWATANI CORPORATION 【J-GAAP】

Earnings Report

IWATANI CORPORATION <8088> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 22.5% from the same period last year, reaching 22.2 billion yen. However, The progress rate against the 72.8 billion yen full-year plan was 30.6%, almost the same as the five-year average of 31.7%.

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 grow by 5.2% from the same period last year, reaching 50.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 7.24 billion yen, a 4.3% decrease compared to the same period last year. However, the operating profit margin improved from 3.2% in the same period last year to 3.8%.

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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 413,218 14,321 18,307 12,606 54.8 38.9 Nov 9, 2022 J-GAAP
Apr - Sep, 2023 394,211 14,591 18,187 12,062 52.4 29.2 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 400,004 16,140 22,283 15,085 65.6 30.6 Nov 12, 2024 J-GAAP
YoY +1.5% +10.6% +22.5% +25.1% +25.0%

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 － － May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 400,004 16,140 22,283 15,085 65.6 － Nov 12, 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 453,677 36,044 44,120 31,406 136.5 32.50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 501,996 36,560 50,517 38,915 169.1 32.50 Nov 12, 2024 J-GAAP
YoY +10.7% +1.4% +14.5% +23.9% +23.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 906,261 40,035 47,011 32,022 139.2 23.75 May 15, 2023 J-GAAP
Mar, 2024 847,888 50,635 62,307 43,468 188.9 32.50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 902,000 52,700 72,800 54,000 234.6 32.50 Jun 19, 2024 J-GAAP
YoY +6.4% +4.1% +16.8% +24.2% +24.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 192,302 6,079 7,573 4,890 21.3 3.2 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 223,302 17,315 18,583 12,107 52.6 7.8 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 230,375 18,729 25,537 19,299 83.9 8.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 197,519 8,419 13,576 10,139 44.1 4.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 202,485 7,721 8,707 4,946 21.5 3.8 Nov 12, 2024 J-GAAP
YoY +5.3% +27.0% +15.0% +1.1% +1.1%

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