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INNOTECH CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward by 29%

Fri Nov 8, 2024 3:30 pm JST Earnings

9880 INNOTECH CORPORATION 【J-GAAP】

Earnings Report

INNOTECH CORPORATION <9880> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 37.8% from the same period last year to 750 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 29.4%, from the previous forecast of 2.55 billion yen to 1.8 billion yen (compared to 2.88 billion yen in the previous period), leading to an increase in the profit decline rate from 11.5% to 37.5%.

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 drop by 37.3% from the same period last year to 1.05 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 17 million yen, a 98.1% decrease compared to the same period last year. The operating profit margin worsened from 7.0% in the same period last year to 4.4%.

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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 19,763 1,261 1,528 923 70.4 61.6 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 19,471 854 1,206 833 62.8 41.9 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 20,808 898 750 459 34.1 41.7 Nov 8, 2024 J-GAAP
YoY +6.9% +5.2% -37.8% -44.9% -45.6%

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 ー ー ー ー － 35 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 20,808 898 750 459 34.1 35 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 43,500 2,500 2,550 1,700 128.5 70 May 10, 2024 J-GAAP
Mar, 2025 New 41,500 1,800 1,800 1,350 102.1 70 Nov 8, 2024 J-GAAP
Revision Rate -4.6% -28.0% -29.4% -20.6% -20.6%

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 21,887 1,620 1,674 644 48.2 35 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,692 902 1,050 891 67.4 35 Nov 8, 2024 J-GAAP
YoY -5.5% -44.3% -37.3% +38.4% +39.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 38,629 2,319 2,480 1,666 127.0 70 May 12, 2023 J-GAAP
Mar, 2024 41,358 2,474 2,880 1,477 110.6 70 May 10, 2024 J-GAAP
Mar, 2025 Guidance 41,500 1,800 1,800 1,350 102.1 70 Nov 8, 2024 J-GAAP
YoY +0.3% -27.2% -37.5% -8.6% -7.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,782 753 881 644 48.5 7.0 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 10,854 985 976 161 12.1 9.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 11,033 635 698 483 36.2 5.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 10,218 434 733 434 32.3 4.2 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,590 464 17 25 1.9 4.4 Nov 8, 2024 J-GAAP
YoY -1.8% -38.4% -98.1% -96.1% -96.2%

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