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Ray Corporation, June-August (2Q) Ordinary Profit Decreases by 37%

Fri Oct 11, 2024 3:00 pm JST Earnings

4317 Ray Corporation 【J-GAAP】

Earnings Report

Ray Corporation <4317> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) was 236 million yen, a 1.7% decrease compared to the same period last year. The progress rate against the 785 million yen full-year plan was 30.1%, almost the same as the five-year average of 31.1%.

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 drop by 48.7% from the same period last year to 549 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit dropped to 74 million yen, a 37.3% decrease compared to the same period last year. The operating profit margin worsened from 4.3% in the same period last year to 2.3%.

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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 6,111 729 728 226 15.8 52.0 Oct 13, 2022 J-GAAP
Mar - Aug, 2023 4,448 174 240 68 4.8 18.3 Oct 12, 2023 J-GAAP
Mar - Aug, 2024 4,513 172 236 169 12.1 30.1 Oct 11, 2024 J-GAAP
YoY +1.5% -1.1% -1.7% +148.5% +153.3%

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 5,100 150 200 140 10.1 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 4,513 172 236 169 12.1 0 Oct 11, 2024 J-GAAP
Revision Rate -11.5% +14.7% +18.0% +20.7% +19.9%

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 6,774 978 1,071 750 52.5 15 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 7,187 528 549 351 26.0 10 Oct 11, 2024 J-GAAP
YoY +6.1% -46.0% -48.7% -53.2% -50.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 12,450 1,398 1,401 715 49.9 15 Jun 30, 2023 J-GAAP
Feb, 2024 11,222 1,152 1,311 818 57.3 15 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 11,700 700 785 520 38.5 10 Apr 12, 2024 J-GAAP
YoY +4.3% -39.2% -40.1% -36.4% -32.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,163 93 118 -16 -1.1 4.3 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 3,692 729 768 540 37.8 19.7 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 3,082 249 303 210 14.7 8.1 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,322 121 162 113 8.1 5.2 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,191 51 74 56 4.0 2.3 Oct 11, 2024 J-GAAP
YoY +1.3% -45.2% -37.3% － －

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