VECTOR INC., June-August (2Q) Ordinary Profit Increases by 89%, Current Fiscal Year Dividend Revised Upward by 1 yen

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Tue Oct 15, 2024 3:00 pm JST Earnings

6058 VECTOR INC. 【J-GAAP】

Earnings Report

VECTOR INC. <6058> [TSE-P] 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) increased by 17.9% from the same period last year, reaching 2 billion yen. However, The progress rate against the 8.35 billion yen full-year plan was 24.0%, also falling below the five-year average of 38.6%.

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 grow by 22.7% from the same period last year, reaching 6.35 billion yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 31 yen to 32 yen (compared to 29 yen in the previous period).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit increased by 89.4% from the same period last year, reaching 606 million yen. The operating profit margin significantly improved from 0.5% in the same period last year to 5.1%.

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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	26,672	3,383	3,507	1,918	40.2	53.0	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	28,565	1,483	1,697	823	17.3	24.7	Oct 13, 2023	J-GAAP
Mar - Aug, 2024	27,385	2,069	2,000	1,019	21.7	24.0	Oct 15, 2024	J-GAAP
YoY	-4.1%	+39.5%	+17.9%	+23.8%	+26.0%

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	29,200	1,982	1,910	829	17.7	0	Apr 12, 2024	J-GAAP
Mar - Aug, 2024 Results	27,385	2,069	2,000	1,019	21.7	0	Oct 15, 2024	J-GAAP
Revision Rate	-6.2%	+4.4%	+4.7%	+22.9%	+23.0%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	63,000	8,500	8,350	5,000	106.6	31	Apr 12, 2024	J-GAAP
Feb, 2025 New	61,000	8,500	8,350	5,000	106.6	32	Oct 15, 2024	J-GAAP
Revision Rate	-3.2%	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	30,647	5,456	5,174	3,861	80.9	29	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	33,615	6,431	6,350	3,981	84.9	32	Oct 15, 2024	J-GAAP
YoY	+9.7%	+17.9%	+22.7%	+3.1%	+4.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	55,225	6,276	6,623	3,172	66.5	19	Apr 14, 2023	J-GAAP
Feb, 2024	59,212	6,939	6,871	4,684	98.1	29	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	61,000	8,500	8,350	5,000	106.6	32	Oct 15, 2024	J-GAAP
YoY	+3.0%	+22.5%	+21.5%	+6.7%	+8.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	13,807	69	320	101	2.1	0.5	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	14,863	2,014	1,913	2,164	45.3	13.6	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	15,784	3,442	3,261	1,697	35.6	21.8	Apr 12, 2024	J-GAAP
Mar - May, 2024	13,877	1,374	1,394	549	11.7	9.9	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	13,508	695	606	470	10.0	5.1	Oct 15, 2024	J-GAAP
YoY	-2.2%	+907.2%	+89.4%	+365.3%	+372.6%