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Ridge-i Inc., 50% Increase in Ordinary Profit, Update Record High for Second Consecutive Term

Wed Sep 11, 2024 3:30 pm JST Earnings

5572 Ridge-i Inc. 【J-GAAP】

Earnings Report

Ridge-i Inc. <5572> [TSE-G] announced its financial results after the market closed on September 11th (15:30). The ordinary profit (non-consolidated) for the fiscal year ending July 2024 increased by 2.6 times that of the previous period to 153 million yen. With the transition to consolidated financial statements for the fiscal year ending July 2025, the consolidated ordinary profit is expected to expand to 50.3% from the previous period to 230 million yen, marking the second consecutive term of record-high profits.

In the most recent three-month period, from May to July (4Q), the ordinary profit/loss turned to a profit of profit of 23 million yen (compared to a loss of 28 million yen in the same period last year). The operating profit/loss margin drastically improved from -17.2% in the same period last year to 7.9%.

Note: Since the fiscal year ending July 2025, the company has transitioned to consolidated financial statements.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 790 70 60 44 12.5 0 Sep 12, 2023 J-GAAP
Jul, 2024 1,071 152 153 121 32.0 0 Sep 11, 2024 J-GAAP
YoY +35.6% +117.1% +155.0% +175.0% +154.9%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2024 Guidance 1,060 150 150 100 25.9 0 Jun 10, 2024 J-GAAP
Jul, 2024 Results 1,071 152 153 121 32.0 0 Sep 11, 2024 J-GAAP
Revision Rate +1.0% +1.3% +2.0% +21.0% +23.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug - Jan, 2023 491 48 48 32 8.7 0 Mar 12, 2024 J-GAAP
Aug - Jan, 2024 Guidance 1,300 115 115 57 14.7 0 Sep 11, 2024 J-GAAP
YoY +164.8% +139.6% +139.6% +78.1% +70.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2023 790 70 60 44 12.5 0 Sep 12, 2023 J-GAAP
Jul, 2024 1,071 152 153 121 32.0 0 Sep 11, 2024 J-GAAP
Jul, 2025 Guidance 2,610 230 230 115 29.7 0 Sep 11, 2024 J-GAAP
YoY +143.7% +51.3% +50.3% -5.0% -7.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 163 -28 -28 -20 -5.7 -17.2 Sep 12, 2023 J-GAAP
Aug - Oct, 2023 212 5 5 3 0.8 2.4 Dec 12, 2023 J-GAAP
Nov - Jan, 2023 279 43 43 29 7.9 15.4 Mar 12, 2024 J-GAAP
Feb - Apr, 2024 289 81 82 53 14.1 28.0 Jun 10, 2024 J-GAAP
May - Jul, 2024 291 23 23 36 9.5 7.9 Sep 11, 2024 J-GAAP
YoY +78.5% － － － －

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