VRAIN Solution, Inc., First Half Ordinary Profit Decreases by 34%, June-Augus Ordinary Profit Decreases by 30%

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Tue Oct 15, 2024 3:30 pm JST Earnings

135A VRAIN Solution, Inc.

Earnings Report

VRAIN Solution, Inc. <135A> [TSE-G] announced its financial results after the market closed on October 15th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) dropped by 34.1% from the same period last year to 189 million yen. The progress rate against the 771 million yen full-year plan was 24.5%, also falling below the same period of the previous year of 58.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to surge by 2.8 times that of the same period last year, reaching 582 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit decreased to 126 million yen, a 29.6% decrease compared to the same period last year. The operating profit margin significantly dropped from 42.8% in the same period last year to 28.5%.

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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, 2024	808	189	189	126	12.5	24.5	Oct 15, 2024	J-GAAP
YoY	－	－	－	－	－

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 15, 2024	J-GAAP
Mar - Aug, 2024 Results	808	189	189	126	12.5	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	700	220	208	140	14.1	0	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	1,307	582	582	408	40.4	0	Oct 15, 2024	J-GAAP
YoY	+86.7%	+164.5%	+179.8%	+191.4%	+185.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	1,411	508	495	330	33.3	0	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	2,115	771	771	534	52.8	0	Apr 15, 2024	J-GAAP
YoY	+49.9%	+51.8%	+55.8%	+61.8%	+58.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2023	359	124	112	77	7.8	34.5	Apr 15, 2024	J-GAAP
Mar - May, 2024	366	63	63	43	4.3	17.2	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	442	126	126	83	8.2	28.5	Oct 15, 2024	J-GAAP
YoY	－	－	－	－	－