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EIWA CORPORATION, First Half Ordinary Profit Unexpectedly Revised Upward by 18%

Wed Nov 6, 2024 2:30 pm JST Earnings

9857 EIWA CORPORATION 【J-GAAP】

Earnings Report

EIWA CORPORATION <9857> [TSE-S] announced its financial results in the afternoon session on November 6th (14:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 18.3% from the same period last year, reaching 1.11 billion yen, resulting in an increase in profits compared to the previous forecast of a 1.6% decrease.

The progress rate against the 2.41 billion yen full-year plan was 46.4%, exceeding the five-year average of 30.6%.

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 decrease by 12.5% from the same period last year to 1.29 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.6% from the same period last year, reaching 595 million yen. The operating profit margin improved from 5.1% in the same period last year to 5.4%.

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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 17,399 450 485 297 47.0 24.5 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 19,190 893 945 626 99.0 39.0 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 20,195 1,087 1,118 829 131.1 46.4 Nov 6, 2024 J-GAAP
YoY +5.2% +21.7% +18.3% +32.4% +32.5%

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 19,200 895 930 700 110.6 35 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 20,195 1,087 1,118 829 131.1 35 Nov 6, 2024 J-GAAP
Revision Rate +5.2% +21.5% +20.2% +18.4% +18.6%

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 24,102 1,432 1,476 1,041 164.6 50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 23,805 1,263 1,292 851 134.5 35 Nov 6, 2024 J-GAAP
YoY -1.2% -11.8% -12.5% -18.3% -18.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 41,284 1,894 1,979 1,320 208.7 53 May 12, 2023 J-GAAP
Mar, 2024 43,292 2,325 2,421 1,667 263.6 65 May 10, 2024 J-GAAP
Mar, 2025 Guidance 44,000 2,350 2,410 1,680 265.5 70 May 10, 2024 J-GAAP
YoY +1.6% +1.1% -0.5% +0.8% +0.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,349 528 548 363 57.4 5.1 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 11,132 686 710 472 74.6 6.2 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 12,970 746 766 569 90.0 5.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 9,267 494 523 350 55.3 5.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,928 593 595 479 75.8 5.4 Nov 6, 2024 J-GAAP
YoY +5.6% +12.3% +8.6% +32.0% +32.0%

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