kabutan

Yamatane Corporation, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 3% Decrease

Fri Nov 8, 2024 1:20 pm JST Earnings

9305 Yamatane Corporation 【J-GAAP】

Earnings Report

Yamatane Corporation <9305> [TSE-P] announced its financial results in the afternoon session on November 8th (13:20). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.5% from the same period last year to 1.43 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 6.3%, from the previous forecast of 3.31 billion yen to 3.1 billion yen (compared to 3.18 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 2.6% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 1.0% from the same period last year to 1.67 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 92.1% from the same period last year, reaching 826 million yen. However, the operating profit margin worsened from 6.5% in the same period last year to 5.0%.

Kabutan News

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 25,440 1,948 1,909 1,135 55.0 54.5 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 27,663 1,831 1,497 1,416 68.6 47.1 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 38,273 1,489 1,430 975 47.5 46.1 Nov 8, 2024 J-GAAP
YoY +38.4% -18.7% -4.5% -31.1% -30.8%

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 37,500 1,440 1,390 810 39.2 20 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 38,273 1,489 1,430 975 47.5 20 Nov 8, 2024 J-GAAP
Revision Rate +2.1% +3.4% +2.9% +20.4% +21.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 76,500 3,500 3,310 2,640 119.3 45 May 10, 2024 J-GAAP
Mar, 2025 New 81,300 3,230 3,100 2,640 119.3 45 Nov 8, 2024 J-GAAP
Revision Rate +6.3% -7.7% -6.3% 0.0% 0.0%

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 36,849 1,652 1,681 1,071 52.1 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 43,027 1,741 1,670 1,665 75.2 25 Nov 8, 2024 J-GAAP
YoY +16.8% +5.4% -0.7% +55.5% +44.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 51,090 3,588 3,501 2,150 104.1 28 May 12, 2023 J-GAAP
Mar, 2024 64,512 3,483 3,178 2,487 120.9 32.50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 81,300 3,230 3,100 2,640 119.3 45 Nov 8, 2024 J-GAAP
YoY +26.0% -7.3% -2.5% +6.2% -1.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,859 898 430 183 8.9 6.5 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 18,351 864 960 626 30.4 4.7 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 18,498 788 721 445 21.6 4.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 18,660 500 604 539 26.4 2.7 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 19,613 989 826 436 21.2 5.0 Nov 8, 2024 J-GAAP
YoY +41.5% +10.1% +92.1% +138.3% +139.5%

Related Articles