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INABA DENKISANGYO CO.,LTD., First Half Ordinary Profit Increases by 16%, July-September Ordinary Profit Increases by 13%

Thu Oct 31, 2024 11:30 am JST Earnings

9934 INABA DENKISANGYO CO.,LTD. 【J-GAAP】

Earnings Report

INABA DENKISANGYO CO.,LTD. <9934> [TSE-P] announced its financial results at noon (11:30) on October 31st. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 16.3% from the same period last year, reaching 12.4 billion yen. The progress rate against the 23.8 billion yen full-year plan was 52.2%, almost the same as the five-year average of 50.1%.

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 4.4% from the same period last year to 11.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 12.7% from the same period last year, reaching 6.28 billion yen. The operating profit margin remained almost flat, changing from 6.3% in the same period last year to 6.6%.

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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 144,121 8,900 10,461 7,502 135.0 51.6 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 158,787 9,799 10,679 7,484 134.0 47.3 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 179,729 11,826 12,417 8,438 150.3 52.2 Oct 31, 2024 J-GAAP
YoY +13.2% +20.7% +16.3% +12.7% +12.1%

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 － 60 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 179,729 11,826 12,417 8,438 150.3 60 Oct 31, 2024 J-GAAP
Revision Rate － － － － －

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 186,582 11,523 11,910 8,139 145.5 70 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 182,271 11,674 11,383 7,962 142.2 70 Oct 31, 2024 J-GAAP
YoY -2.3% +1.3% -4.4% -2.2% -2.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 316,947 18,641 20,272 15,427 277.5 120 May 15, 2023 J-GAAP
Mar, 2024 345,369 21,322 22,589 15,623 279.4 130 May 13, 2024 J-GAAP
Mar, 2025 Guidance 362,000 23,500 23,800 16,400 293.0 130 May 13, 2024 J-GAAP
YoY +4.8% +10.2% +5.4% +5.0% +4.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 84,488 5,349 5,578 3,868 69.3 6.3 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 83,925 5,219 5,268 3,555 63.6 6.2 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 102,657 6,304 6,642 4,584 82.0 6.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 82,113 5,426 6,133 4,267 76.2 6.6 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 97,616 6,400 6,284 4,171 74.3 6.6 Oct 31, 2024 J-GAAP
YoY +15.5% +19.6% +12.7% +7.8% +7.3%

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