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YAMAYA CORPORATION, First Half Ordinary Profit Revised Downward to an Unexpected 5%Decrease

Thu Nov 14, 2024 3:30 pm JST Earnings

9994 YAMAYA CORPORATION 【J-GAAP】

Earnings Report

YAMAYA CORPORATION <9994> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 4.9% from the same period last year to 2.48 billion yen, resulting in a decrease in profits compared to the previous forecast of a 1.0% increase.

The progress rate against the 6.5 billion yen full-year plan was 38.2%, also falling below the five-year average of 42.1%.

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 grow by 6.0% from the same period last year, reaching 4.01 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.16 billion yen, a 7.0% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 3.0% in the same period last year to 2.8%.

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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 75,769 534 619 564 52.1 21.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 80,149 2,570 2,613 1,488 137.3 40.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 79,570 2,434 2,485 1,548 142.8 38.2 Nov 14, 2024 J-GAAP
YoY -0.7% -5.3% -4.9% +4.0% +4.1%

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 81,800 2,600 2,640 1,600 147.6 27 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 79,570 2,434 2,485 1,548 142.8 27 Nov 14, 2024 J-GAAP
Revision Rate -2.7% -6.4% -5.9% -3.3% -3.2%

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 80,186 3,749 3,789 2,129 196.4 28 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 86,430 3,966 4,015 2,152 198.5 27 Nov 14, 2024 J-GAAP
YoY +7.8% +5.8% +6.0% +1.1% +1.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 152,764 2,837 2,953 1,930 178.0 52 May 12, 2023 J-GAAP
Mar, 2024 160,335 6,319 6,402 3,617 333.6 54 May 15, 2024 J-GAAP
Mar, 2025 Guidance 166,000 6,400 6,500 3,700 341.3 54 May 15, 2024 J-GAAP
YoY +3.5% +1.3% +1.5% +2.3% +2.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 41,239 1,248 1,251 691 63.7 3.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 43,643 2,667 2,719 1,548 142.8 6.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 36,543 1,082 1,070 581 53.6 3.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 39,151 1,286 1,321 817 75.4 3.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 40,419 1,148 1,164 731 67.4 2.8 Nov 14, 2024 J-GAAP
YoY -2.0% -8.0% -7.0% +5.8% +5.8%

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