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ISB CORPORATION, January-September (Third Quarter Cumulative) Ordinary Profit Increases by 2%

Wed Oct 30, 2024 3:00 pm JST Earnings

9702 ISB CORPORATION 【J-GAAP】

Earnings Report

ISB CORPORATION <9702> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 2.19 billion yen, a 2.3% increase compared to the same period last year. The progress rate against the 2.55 billion yen full-year plan was 86.0%, also surpassing the five-year average of 73.3%.

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 drop by 46.3% from the same period last year to 358 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 623 million yen, a 22.4% decrease compared to the same period last year. The operating profit margin worsened from 9.5% in the same period last year to 7.4%.

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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 21,426 1,722 1,762 1,049 92.3 73.4 Oct 31, 2022 J-GAAP
Jan - Sep, 2023 24,073 2,093 2,143 1,241 108.9 76.3 Oct 30, 2023 J-GAAP
Jan - Sep, 2024 25,038 2,153 2,192 1,550 135.7 86.0 Oct 30, 2024 J-GAAP
YoY +4.0% +2.9% +2.3% +24.9% +24.6%

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 16,469 1,419 1,470 710 62.3 42 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 17,027 933 981 500 43.7 46 Jul 30, 2024 J-GAAP
YoY +3.4% -34.2% -33.3% -29.6% -29.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 28,952 2,319 2,401 1,423 125.1 40 Feb 28, 2023 J-GAAP
Dec, 2023 32,388 2,734 2,810 1,472 129.1 42 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 33,700 2,470 2,550 1,620 141.6 46 Apr 30, 2024 J-GAAP
YoY +4.1% -9.7% -9.3% +10.1% +9.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 8,154 778 803 479 42.0 9.5 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 8,315 641 667 231 20.3 7.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 8,531 1,105 1,132 760 66.6 13.0 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 8,142 432 437 360 31.5 5.3 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 8,365 616 623 430 37.6 7.4 Oct 30, 2024 J-GAAP
YoY +2.6% -20.8% -22.4% -10.2% -10.4%

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