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Belc CO., LTD., First Half Ordinary Profit Decreases by 3%

Thu Oct 10, 2024 3:00 pm JST Earnings

9974 Belc CO., LTD. 【J-GAAP】

Earnings Report

Belc CO., LTD. <9974> [TSE-P] announced its financial results after the market closed on October 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 3.2% from the same period last year to 9.24 billion yen. The progress rate against the 17.6 billion yen full-year plan was 52.4%, below the five-year average of 56.5%.

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 September to February period (second half) is expected to expand by 54.5% from the same period last year, reaching 8.38 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 5.3% from the same period last year, reaching 5.35 billion yen. However, the operating profit margin remained almost flat, changing from 5.8% in the same period last year to 5.5%.

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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
Mar - Aug, 2022 150,825 7,093 7,271 4,875 233.7 50.9 Oct 7, 2022 J-GAAP
Mar - Aug, 2023 170,026 9,248 9,542 6,859 329.1 63.7 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 189,658 9,035 9,241 6,170 296.0 52.4 Oct 10, 2024 J-GAAP
YoY +11.5% -2.3% -3.2% -10.0% -10.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance ー ー ー ー － 58 Apr 11, 2024 J-GAAP
Mar - Aug, 2024 Results 189,658 9,035 9,241 6,170 296.0 58 Oct 10, 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
Sep - Feb, 2023 181,830 5,247 5,430 3,818 183.2 58 Apr 11, 2024 J-GAAP
Sep - Feb, 2024 Guidance 187,066 8,474 8,389 5,736 275.2 58 Oct 10, 2024 J-GAAP
YoY +2.9% +61.5% +54.5% +50.2% +50.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 310,826 14,018 14,297 9,614 461.0 94 Apr 13, 2023 J-GAAP
Feb, 2024 351,856 14,495 14,972 10,677 512.3 108 Apr 11, 2024 J-GAAP
Feb, 2025 Guidance 376,724 17,509 17,630 11,906 571.1 116 Apr 11, 2024 J-GAAP
YoY +7.1% +20.8% +17.8% +11.5% +11.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 87,114 5,044 5,085 3,852 184.8 5.8 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 88,204 3,364 3,420 2,431 116.6 3.8 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 93,626 1,883 2,010 1,387 66.5 2.0 Apr 11, 2024 J-GAAP
Mar - May, 2024 93,456 3,731 3,884 2,613 125.4 4.0 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 96,202 5,304 5,357 3,557 170.7 5.5 Oct 10, 2024 J-GAAP
YoY +10.4% +5.2% +5.3% -7.7% -7.6%

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