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INES, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 28%

Fri Jan 31, 2025 4:00 pm JST Earnings

9742 INES Corporation 【J-GAAP】

Earnings Report

INES Corporation <9742> [TSE Prime] announced its financial results after the market closed on January 31st (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 27.9% from the same period last year, reaching 1.59 billion yen. However, the progress rate toward the full-year plan of 4 billion yen was 39.9%, also falling below the five-year average of 62.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 62.0% from the same period last year, reaching 2.4 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 95.2% from the same period last year, reaching 0.69 billion yen. The operating profit margin significantly improved from 3.3% in the same period last year to 7.0%.

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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
Apr - Dec, 2022 29,988 2,100 2,166 1,334 64.2 55.8 Jan 27, 2023 J-GAAP
Apr - Dec, 2023 29,005 1,168 1,247 709 34.1 45.6 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 28,143 1,539 1,595 998 48.0 39.9 Jan 31, 2025 J-GAAP
YoY -3.0% +31.8% +27.9% +40.8% +40.8%

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 20,945 2,021 1,842 1,322 63.6 25 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,369 3,124 3,102 2,163 104.0 30 Oct 31, 2024 J-GAAP
YoY +21.1% +54.6% +68.4% +63.6% +63.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 42,404 3,801 3,882 2,541 122.2 45 Apr 28, 2023 J-GAAP
Mar, 2024 40,557 2,877 2,732 1,795 86.3 50 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 44,000 4,000 4,000 2,700 129.8 55 Apr 30, 2024 J-GAAP
YoY +8.5% +39.0% +46.4% +50.4% +50.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 9,393 312 357 236 11.4 3.3 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 11,552 1,709 1,485 1,086 52.2 14.8 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 8,436 -321 -304 -275 -13.2 -3.8 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 10,195 1,197 1,202 812 39.1 11.7 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 9,512 663 697 461 22.2 7.0 Jan 31, 2025 J-GAAP
YoY +1.3% +112.5% +95.2% +95.3% +95.3%

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