Escrow Agent Japan ,Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 19%

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Tue Oct 15, 2024 3:00 pm JST Earnings

6093 Escrow Agent Japan ,Inc. 【J-GAAP】

Earnings Report

Escrow Agent Japan ,Inc. <6093> [TSE-S] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 330 million yen, an increase of 59.4% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 19.5%, from the previous forecast of 344 million yen to 411 million yen (compared to 457 million yen in the previous period), and the declining rate is expected to decrease from 24.7% to 10.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to significant drop by 67.6% from the same period last year to 81 million yen.

At the same time, the year-end lump-sum dividend remains undecided.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased by 49.4% from the same period last year, reaching 124 million yen. The operating profit margin improved from 9.2% in the same period last year to 10.7%.

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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	1,629	207	207	132	3.1	76.4	Oct 7, 2022	J-GAAP
Mar - Aug, 2023	2,017	211	207	131	3.0	45.3	Oct 6, 2023	J-GAAP
Mar - Aug, 2024	2,374	326	330	230	5.3	80.3	Oct 15, 2024	J-GAAP
YoY	+17.7%	+54.5%	+59.4%	+75.6%	+76.3%

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	2,374	385	389	269	6.2	－	Sep 24, 2024	J-GAAP
Mar - Aug, 2024 Results	2,374	326	330	230	5.3	－	Oct 15, 2024	J-GAAP
Revision Rate	0.0%	-15.3%	-15.2%	-14.5%	-14.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	4,705	339	344	228	5.2	－	Apr 5, 2024	J-GAAP
Feb, 2025 New	4,786	404	411	276	6.3	－	Oct 15, 2024	J-GAAP
Revision Rate	+1.7%	+19.2%	+19.5%	+21.1%	+21.0%

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	2,121	245	250	168	3.9	6	Apr 5, 2024	J-GAAP
Sep - Feb, 2024 Guidance	2,412	78	81	46	1.1	－	Oct 15, 2024	J-GAAP
YoY	+13.7%	-68.2%	-67.6%	-72.6%	-72.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	3,710	233	271	91	2.1	4	Apr 19, 2023	J-GAAP
Feb, 2024	4,138	456	457	299	6.9	6	Apr 5, 2024	J-GAAP
Feb, 2025 Guidance	4,786	404	411	276	6.3	－	Oct 15, 2024	J-GAAP
YoY	+15.7%	-11.4%	-10.1%	-7.7%	-7.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	981	90	83	65	1.5	9.2	Oct 6, 2023	J-GAAP
Sep - Nov, 2023	1,015	134	136	87	2.0	13.2	Jan 9, 2024	J-GAAP
Dec - Feb, 2023	1,106	111	114	81	1.9	10.0	Apr 5, 2024	J-GAAP
Mar - May, 2024	1,173	198	206	142	3.3	16.9	Jul 5, 2024	J-GAAP
Jun - Aug, 2024	1,201	128	124	88	2.0	10.7	Oct 15, 2024	J-GAAP
YoY	+22.4%	+42.2%	+49.4%	+35.4%	+35.6%