RYOMO SYSTEMS CO.,LTD., First Half Ordinary Profit Decreases by 28%

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Tue Oct 22, 2024 1:00 pm JST Earnings

9691 RYOMO SYSTEMS CO.,LTD. 【J-GAAP】

Earnings Report

RYOMO SYSTEMS CO.,LTD. <9691> [TSE-S] announced its financial results in the afternoon session on October 22nd (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 27.7% from the same period last year to 599 million yen. The progress rate against the 1.93 billion yen full-year plan was 31.0%, also falling below the five-year average of 39.9%.

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 October to March period (second half) is expected to grow by 29.2% from the same period last year, reaching 1.33 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 4.7% from the same period last year, reaching 447 million yen. The operating profit margin improved from 9.6% in the same period last year to 10.3%.

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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
Apr - Sep, 2022	7,732	588	584	408	116.9	32.9	Oct 25, 2022	J-GAAP
Apr - Sep, 2023	8,382	834	829	576	164.7	44.6	Oct 24, 2023	J-GAAP
Apr - Sep, 2024	8,479	635	599	374	107.0	31.0	Oct 22, 2024	J-GAAP
YoY	+1.2%	-23.9%	-27.7%	-35.1%	-35.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	8,479	635	599	374	106.9	20	Oct 18, 2024	J-GAAP
Apr - Sep, 2024 Results	8,479	635	599	374	107.0	20	Oct 22, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	9,788	1,016	1,030	368	105.3	20	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	13,021	1,365	1,331	946	270.4	20	Oct 18, 2024	J-GAAP
YoY	+33.0%	+34.4%	+29.2%	+157.1%	+156.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	17,234	1,764	1,775	1,213	346.7	37	May 9, 2023	J-GAAP
Mar, 2024	18,170	1,850	1,859	944	270.1	37	May 9, 2024	J-GAAP
Mar, 2025 Guidance	21,500	2,000	1,930	1,320	377.3	40	Oct 18, 2024	J-GAAP
YoY	+18.3%	+8.1%	+3.8%	+39.8%	+39.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,508	431	427	317	90.6	9.6	Oct 24, 2023	J-GAAP
Oct - Dec, 2023	4,486	297	298	220	62.9	6.6	Jan 23, 2024	J-GAAP
Jan - Mar, 2024	5,302	719	732	148	42.3	13.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	3,923	165	152	69	19.9	4.2	Jul 23, 2024	J-GAAP
Jul - Sep, 2024	4,556	470	447	305	87.2	10.3	Oct 22, 2024	J-GAAP
YoY	+1.1%	+9.0%	+4.7%	-3.8%	-3.8%