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VisasQ Inc., First Half Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

Tue Oct 15, 2024 3:00 pm JST Earnings

4490 VisasQ Inc. 【J-GAAP】

Earnings Report

VisasQ Inc. <4490> [TSE-G] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a profit of 568 million yen (compared to a loss of 146 million yen in the same period last year). The progress rate against the full-year plan of 550 million yen is 103.3%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to February period (second half) is expected to turn into a loss of 18 million yen (compared to a profit of 258 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 190 million yen (compared to a loss of 54 million yen in the same period last year). The operating profit/loss margin drastically improved from -2.2% in the same period last year to 8.2%.

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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 4,142 145 105 -13 -16.3 ー Oct 14, 2022 J-GAAP
Mar - Aug, 2023 4,317 -129 -146 -196 -36.1 ー Oct 13, 2023 J-GAAP
Mar - Aug, 2024 4,935 582 568 107 -2.9 103.3 Oct 15, 2024 J-GAAP
YoY +14.3% － － － +91.9%

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 － 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 4,935 582 568 107 -2.9 0 Oct 15, 2024 J-GAAP
Revision Rate － － － － －

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 4,650 70 258 -12,439 -1,382.8 0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 4,789 18 -18 ー － 0 Oct 15, 2024 J-GAAP
YoY +3.0% -74.3% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 8,380 4 -51 75 -20.9 0 Apr 14, 2023 J-GAAP
Feb, 2024 8,967 -59 112 -12,635 -1,404.6 0 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 9,724 600 550 ー － 0 Jul 12, 2024 J-GAAP
YoY +8.4% － +391.1% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,183 -47 -54 -84 -15.5 -2.2 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 2,314 -29 96 27 6.4 -1.3 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 2,336 99 162 -12,466 -1,385.8 4.2 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,520 385 378 60 -0.7 15.3 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,415 197 190 47 -2.2 8.2 Oct 15, 2024 J-GAAP
YoY +10.6% － － － +85.8%

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