YE DIGITAL Corporation, First Half Ordinary Profit Increases by 12%

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Mon Sep 30, 2024 4:00 pm JST Earnings

2354 YE DIGITAL Corporation 【J-GAAP】

Earnings Report

YE DIGITAL Corporation <2354> [TSE-S] announced its financial results after the market closed on September 30th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 11.6% from the same period last year, reaching 856 million yen. The progress rate against the 1.85 billion yen full-year plan was 46.3%, exceeding the five-year average of 36.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 25.5% from the same period last year, reaching 994 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 535 million yen, a 3.8% decrease compared to the same period last year. The operating profit margin decreased from 10.1% in the same period last year to 9.4%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Aug, 2022	7,083	139	97	304	16.8	11.6	Sep 29, 2022	J-GAAP
Mar - Aug, 2023	9,749	715	767	473	26.1	49.2	Sep 29, 2023	J-GAAP
Mar - Aug, 2024	10,081	797	856	559	30.7	46.3	Sep 30, 2024	J-GAAP
YoY	+3.4%	+11.5%	+11.6%	+18.2%	+17.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	10,300	800	840	520	28.4	10	Aug 20, 2024	J-GAAP
Mar - Aug, 2024 Results	10,081	797	856	559	30.7	10	Sep 30, 2024	J-GAAP
Revision Rate	-2.1%	-0.4%	+1.9%	+7.5%	+8.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	9,755	773	792	619	34.1	7	Mar 29, 2024	J-GAAP
Sep - Feb, 2024 Guidance	10,219	1,003	994	641	35.0	10	Sep 30, 2024	J-GAAP
YoY	+4.8%	+29.8%	+25.5%	+3.6%	+2.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	16,151	909	836	783	43.2	10	Mar 30, 2023	J-GAAP
Feb, 2024	19,504	1,488	1,559	1,092	60.2	12	Mar 29, 2024	J-GAAP
Feb, 2025 Guidance	20,300	1,800	1,850	1,200	65.5	20	Aug 20, 2024	J-GAAP
YoY	+4.1%	+21.0%	+18.7%	+9.9%	+8.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	5,333	536	556	377	20.8	10.1	Sep 29, 2023	J-GAAP
Sep - Nov, 2023	5,102	490	508	316	17.4	9.6	Dec 22, 2023	J-GAAP
Dec - Feb, 2023	4,653	283	284	303	16.7	6.1	Mar 29, 2024	J-GAAP
Mar - May, 2024	5,064	326	321	191	10.5	6.4	Jun 27, 2024	J-GAAP
Jun - Aug, 2024	5,017	471	535	368	20.2	9.4	Sep 30, 2024	J-GAAP
YoY	-5.9%	-12.1%	-3.8%	-2.4%	-2.9%