kabutan

ZAOH COMPANY, LTD., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 22% Decrease

Mon Nov 11, 2024 3:00 pm JST Earnings

9986 ZAOH COMPANY, LTD. 【J-GAAP】

Earnings Report

ZAOH COMPANY, LTD. <9986> [TSE-S] announced its financial results in the afternoon session on November 11th (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 49.9% from the same period last year to 241 million yen, resulting in a decrease in profits compared to the previous forecast of a 23.7% increase.

In addition, the full-year ordinary profit has downwardly by 26.8%, from the previous forecast of 1.32 billion yen to 966 million yen (compared to 1.23 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 21.7% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 3.7% from the same period last year to 725 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit significantly dropped to 149 million yen, a 55.1% decrease compared to the same period last year. The operating profit margin significantly dropped from 14.3% in the same period last year to 7.5%.

Kabutan News

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 4,375 606 631 499 87.1 44.9 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 4,174 473 481 314 57.0 39.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 3,644 245 241 153 28.3 24.9 Nov 11, 2024 J-GAAP
YoY -12.7% -48.2% -49.9% -51.3% -50.4%

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 4,320 585 595 405 74.5 50 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 3,644 245 241 153 28.3 50 Nov 11, 2024 J-GAAP
Revision Rate -15.6% -58.1% -59.5% -62.2% -62.1%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 9,600 1,300 1,320 900 165.6 100 May 10, 2024 J-GAAP
Mar, 2025 New 8,020 964 966 660 121.5 100 Nov 11, 2024 J-GAAP
Revision Rate -16.5% -25.8% -26.8% -26.7% -26.7%

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 5,251 737 753 703 128.4 50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,376 719 725 507 93.3 50 Nov 11, 2024 J-GAAP
YoY -16.7% -2.4% -3.7% -27.9% -27.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,647 1,378 1,406 1,054 184.0 109 Apr 28, 2023 J-GAAP
Mar, 2024 9,425 1,210 1,234 1,017 185.7 100 May 10, 2024 J-GAAP
Mar, 2025 Guidance 8,020 964 966 660 121.5 100 Nov 11, 2024 J-GAAP
YoY -14.9% -20.3% -21.7% -35.1% -34.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,280 326 332 217 39.4 14.3 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 2,789 366 376 252 45.9 13.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 2,462 371 377 451 82.4 15.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,788 106 92 55 10.3 5.9 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,856 139 149 98 18.1 7.5 Nov 11, 2024 J-GAAP
YoY -18.6% -57.4% -55.1% -54.8% -54.0%

Related Articles