ZUIKO CORPORATION, First Half Ordinary Profit Turns to Loss, The Undetermined Dividend to reduced by 10 yen

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Thu Oct 3, 2024 4:00 pm JST Earnings

6279 ZUIKO CORPORATION 【J-GAAP】

Earnings Report

ZUIKO CORPORATION <6279> [TSE-P] announced its financial results after the market closed on October 3rd (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a loss of 130 million yen (compared to a profit of 514 million yen in the same period last year).

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 surge by 2.2 times that of the same period last year, reaching 2.03 billion yen.

At the same time, the company has decided to implement a annual dividend of 10 yen for the current fiscal year, which was previously undecided (compared to 20 yen in the prior term).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit/loss turned to a loss of 91 million yen (compared to a profit of 784 million yen in the same period last year). The operating profit/loss margin drastically worsened from 9.6% in the same period last year to -1.0%.

Kabutan News

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	8,813	-449	-109	635	24.2	ー	Oct 3, 2022	J-GAAP
Mar - Aug, 2023	9,964	211	514	236	9.0	36.0	Oct 2, 2023	J-GAAP
Mar - Aug, 2024	8,405	-179	-130	-705	-26.7	ー	Oct 3, 2024	J-GAAP
YoY	-15.6%	－	－	－	－

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	ー	ー	ー	ー	－	－	Apr 5, 2024	J-GAAP
Mar - Aug, 2024 Results	8,405	-179	-130	-705	-26.7	5	Oct 3, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	24,000	1,680	1,900	720	27.2	－	Apr 5, 2024	J-GAAP
Feb, 2025 New	24,000	1,680	1,900	720	27.2	10	Oct 3, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	11,773	816	913	1,142	43.3	10	Apr 5, 2024	J-GAAP
Sep - Feb, 2024 Guidance	15,595	1,859	2,030	1,425	53.9	5	Oct 3, 2024	J-GAAP
YoY	+32.5%	+127.8%	+122.3%	+24.8%	+24.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	26,505	1,803	2,219	2,665	101.2	25.20	Apr 5, 2023	J-GAAP
Feb, 2024	21,737	1,027	1,427	1,378	52.2	20	Apr 5, 2024	J-GAAP
Feb, 2025 Guidance	24,000	1,680	1,900	720	27.2	10	Oct 3, 2024	J-GAAP
YoY	+10.4%	+63.6%	+33.1%	-47.8%	-47.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	5,945	572	784	459	17.4	9.6	Oct 2, 2023	J-GAAP
Sep - Nov, 2023	6,936	877	950	784	29.7	12.6	Dec 27, 2023	J-GAAP
Dec - Feb, 2023	4,837	-61	-37	358	13.6	-1.3	Apr 5, 2024	J-GAAP
Mar - May, 2024	3,853	-132	-39	-758	-28.7	-3.4	Jun 26, 2024	J-GAAP
Jun - Aug, 2024	4,552	-47	-91	53	2.0	-1.0	Oct 3, 2024	J-GAAP
YoY	-23.4%	－	－	-88.5%	-88.5%