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

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%

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