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XEBIO holdings CO.,LTD., First Half Ordinary Profit Unexpectedly Revised Upward by 16%

Fri Nov 8, 2024 1:00 pm JST Earnings

8281 XEBIO holdings CO.,LTD. 【J-GAAP】

Earnings Report

XEBIO holdings CO.,LTD. <8281> [TSE-P] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 15.8% from the same period last year, reaching 4.24 billion yen, resulting in an increase in profits compared to the previous forecast of a 8.6% decrease.

The progress rate against the 6.28 billion yen full-year plan was 67.6%, also surpassing the five-year average of 49.9%.

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 17.3% from the same period last year, reaching 2.03 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a loss of 82 million yen (compared to a profit of 520 million yen in the same period last year). The operating profit margin remained almost flat, changing from 0.6% in the same period last year to 0.4%.

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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
Apr - Sep, 2022 118,028 4,041 5,010 3,146 71.2 54.2 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 120,052 2,968 3,669 2,021 45.7 67.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 125,179 4,106 4,248 2,016 46.1 67.6 Nov 8, 2024 J-GAAP
YoY +4.3% +38.3% +15.8% -0.2% +0.9%

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 124,858 3,183 3,355 1,984 45.9 15 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 125,179 4,106 4,248 2,016 46.1 15 Nov 8, 2024 J-GAAP
Revision Rate +0.3% +29.0% +26.6% +1.6% +0.5%

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 122,381 1,236 1,736 571 12.9 15 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 125,779 1,896 2,036 986 23.6 15 Nov 8, 2024 J-GAAP
YoY +2.8% +53.4% +17.3% +72.7% +82.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 239,293 8,327 9,242 5,397 122.1 30 May 12, 2023 J-GAAP
Mar, 2024 242,433 4,204 5,405 2,592 58.6 30 May 10, 2024 J-GAAP
Mar, 2025 Guidance 250,958 6,002 6,284 3,002 71.9 30 May 10, 2024 J-GAAP
YoY +3.5% +42.8% +16.3% +15.8% +22.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 57,786 344 520 34 0.8 0.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 62,094 1,691 1,700 1,225 27.7 2.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 60,287 -455 36 -654 -14.8 -0.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 65,142 3,854 4,330 2,785 63.2 5.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 60,037 252 -82 -769 -17.6 0.4 Nov 8, 2024 J-GAAP
YoY +3.9% -26.7% － － －

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