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ARCS COMPANY,LIMITED, First Half Ordinary Profit Revised Downward to an Unexpected 10%Decrease

Tue Oct 15, 2024 3:30 pm JST Earnings

9948 ARCS COMPANY,LIMITED 【J-GAAP】

Earnings Report

ARCS COMPANY,LIMITED <9948> [TSE-P] announced its financial results after the market closed on October 15th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 9.5% from the same period last year to 7.97 billion yen, resulting in a decrease in profits compared to the previous forecast of a 2.2% increase.

The progress rate against the 18.8 billion yen full-year plan was 42.4%, also falling below the five-year average of 52.0%.

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 grow by 12.4% from the same period last year, reaching 10.8 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 3.7 billion yen, a 14.8% decrease compared to the same period last year. The operating profit margin worsened from 2.6% in the same period last year to 2.1%.

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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 281,249 7,409 8,249 5,519 98.4 50.2 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 292,201 7,935 8,810 5,799 104.3 47.8 Oct 16, 2023 J-GAAP
Mar - Aug, 2024 302,740 7,162 7,973 4,999 92.6 42.4 Oct 15, 2024 J-GAAP
YoY +3.6% -9.7% -9.5% -13.8% -11.2%

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 306,000 8,200 9,000 5,900 109.3 34 Apr 15, 2024 J-GAAP
Mar - Aug, 2024 Results 302,740 7,162 7,973 4,999 92.6 34 Oct 15, 2024 J-GAAP
Revision Rate -1.1% -12.7% -11.4% -15.3% -15.3%

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 299,356 8,896 9,629 5,967 108.5 39 Apr 15, 2024 J-GAAP
Sep - Feb, 2024 Guidance 310,260 10,138 10,827 6,601 122.3 34 Oct 15, 2024 J-GAAP
YoY +3.6% +14.0% +12.4% +10.6% +12.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 566,209 14,835 16,444 9,947 177.5 58 Apr 14, 2023 J-GAAP
Feb, 2024 591,557 16,831 18,439 11,766 214.0 68 Apr 15, 2024 J-GAAP
Feb, 2025 Guidance 613,000 17,300 18,800 11,600 214.9 68 Apr 15, 2024 J-GAAP
YoY +3.6% +2.8% +2.0% -1.4% +0.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 149,301 3,953 4,355 2,791 50.2 2.6 Oct 16, 2023 J-GAAP
Sep - Nov, 2023 144,209 3,159 3,531 2,108 38.1 2.2 Jan 9, 2024 J-GAAP
Dec - Feb, 2023 155,147 5,737 6,098 3,859 70.2 3.7 Apr 15, 2024 J-GAAP
Mar - May, 2024 148,824 3,870 4,264 2,664 49.4 2.6 Jul 4, 2024 J-GAAP
Jun - Aug, 2024 153,916 3,292 3,709 2,335 43.3 2.1 Oct 15, 2024 J-GAAP
YoY +3.1% -16.7% -14.8% -16.3% -13.8%

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