ERI Holdings (6083) Q3 2024 earnings summary

Executive summary

• 9M FY5/2024 net sales rose 4.2% YoY to ¥13,278.767 million; operating profit fell 2.4% to ¥1,504.676 million and profit attributable to owners of parent fell 1.3% to ¥938.349 million.

Financial highlights

• 9M ordinary profit was ¥1,528.212 million vs. ¥1,552.844 million; gross profit was ¥4,603.950 million vs. ¥4,534.439 million, and SG&A was ¥3,099.273 million vs. ¥2,992.310 million.

• Sales increased ¥539 million YoY, supported largely by M&A and expanded energy-saving labeling activity.

• Operating margin was 11.3% vs. 12.1%; ordinary profit margin was 11.5% vs. 12.2%. 9M EPS was ¥121.65 vs. ¥122.41.

Outlook and guidance

• FY5/2024 forecast remains unchanged: net sales ¥18,500 million, operating profit and ordinary profit ¥2,400 million each, and profit attributable to owners of parent ¥1,540 million.

• Forecast EPS is ¥199.64; forecast operating margin is 13.0% vs. 13.4% in FY5/2023. Annual dividend forecast is ¥60 per share, unchanged.