ISB (9702) Q2 2024 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2024, increased by 4.7% year-over-year to ¥16,673 million, with operating profit up 16.9% to ¥1,537 million and profit attributable to owners of parent rising 46.8% to ¥1,120 million.

• Earnings per share for the period rose to ¥98.04 from ¥66.94 year-over-year.

• Comprehensive income for the period reached ¥1,254 million, up from ¥839 million in the prior year.

Financial highlights

• Gross profit increased to ¥4,180 million from ¥3,869 million year-over-year.

• Ordinary profit rose 17.1% year-over-year to ¥1,569 million.

• Total assets as of June 30, 2024, were ¥18,143 million, up from ¥17,989 million at the end of 2023.

• Net assets increased to ¥12,623 million, with an equity ratio of 69.6%.

• Net cash provided by operating activities was ¥1,066 million, while investing activities used ¥473 million and financing activities used ¥479 million.

Outlook and guidance

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

• Operating profit is projected at ¥2,470 million (down 9.7% year-over-year), and profit attributable to owners of parent at ¥1,620 million (down 9.3%).

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

• Dividend forecast for the year is ¥46 per share.