Yokorei (2874) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended June 30, 2024, were ¥91,168 million, down 1.3% year-over-year.

• Operating income rose 48.1% year-over-year to ¥4,044 million, while ordinary income fell 15.2% to ¥2,899 million.

• Profit attributable to owners of the parent decreased 28.3% year-over-year to ¥1,665 million.

• Comprehensive income surged to ¥7,256 million from ¥2,302 million in the prior year period.

• Financial statements for prior years were corrected due to changes in revenue recognition standards.

Financial highlights

• Gross profit increased to ¥10,700 million from ¥9,528 million year-over-year.

• Selling, general, and administrative expenses were ¥6,656 million, slightly down from ¥6,797 million.

• Cash and cash equivalents at period end were ¥4,995 million, up ¥1,068 million from the previous fiscal year-end.

• Total assets rose to ¥210,330 million, up ¥22,066 million from the previous fiscal year-end.

Outlook and guidance

• No changes to the full-year consolidated earnings forecast as previously announced.