ISB (9702) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024, increased by 4.0% year-over-year to ¥25,038 million.

• Operating profit rose 2.8% year-over-year to ¥2,153 million, while ordinary profit grew 2.3% to ¥2,192 million.

• Profit attributable to owners of parent increased 24.9% year-over-year to ¥1,550 million.

• Earnings per share for the period were ¥135.69, up from ¥108.90 in the prior year.

Financial highlights

• Gross profit for the nine months was ¥6,106 million, up from ¥5,844 million year-over-year.

• Total assets as of September 30, 2024, were ¥18,303 million, up from ¥17,988 million at the end of 2023.

• Net assets increased to ¥12,943 million, with an equity ratio of 70.7%.

• Comprehensive income for the nine months was ¥1,574 million, up from ¥1,345 million year-over-year.

Outlook and guidance

• Full-year net sales forecast is ¥33,700 million, a 4.1% increase year-over-year.

• Operating profit is projected at ¥2,470 million, ordinary profit at ¥2,550 million, and profit attributable to owners of parent at ¥1,620 million, representing a 10.0% year-over-year increase.

• Full-year earnings per share forecast is ¥141.88.

• Year-end dividend forecast is ¥46.00 per share.