SOFTCREATE HOLDINGS CORP., First Half Ordinary Profit Decreases by 3%

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Wed Oct 30, 2024 3:00 pm JST Earnings

3371 SOFTCREATE HOLDINGS CORP. 【J-GAAP】

Earnings Report

SOFTCREATE HOLDINGS CORP. <3371> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 3.4% from the same period last year to 2.75 billion yen. The progress rate against the 5.68 billion yen full-year plan was 48.5%, almost the same as the five-year average of 51.5%.

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 16.8% from the same period last year, reaching 2.92 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.53 billion yen, an increase of 2.3% compared to the same period last year. However, the operating profit margin decreased from 19.9% in the same period last year to 19.2%.

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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	11,554	2,021	2,138	1,260	49.8	47.6	Nov 1, 2022	J-GAAP
Apr - Sep, 2023	13,852	2,691	2,852	1,654	66.0	53.3	Nov 1, 2023	J-GAAP
Apr - Sep, 2024	15,171	2,615	2,756	1,768	70.5	48.5	Oct 30, 2024	J-GAAP
YoY	+9.5%	-2.8%	-3.4%	+6.9%	+6.8%

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	14,445	2,414	2,536	1,564	62.4	27.50	May 9, 2024	J-GAAP
Apr - Sep, 2024 Results	15,171	2,615	2,756	1,768	70.5	27.50	Oct 30, 2024	J-GAAP
Revision Rate	+5.0%	+8.3%	+8.7%	+13.0%	+13.0%

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	14,060	2,478	2,503	1,603	63.9	24	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,829	2,865	2,924	1,682	67.5	27.50	Oct 30, 2024	J-GAAP
YoY	+5.5%	+15.6%	+16.8%	+4.9%	+5.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	24,253	4,322	4,489	2,738	108.7	25	May 10, 2023	J-GAAP
Mar, 2024	27,912	5,169	5,355	3,257	129.9	48	May 9, 2024	J-GAAP
Mar, 2025 Guidance	30,000	5,480	5,680	3,450	138.5	55	May 9, 2024	J-GAAP
YoY	+7.5%	+6.0%	+6.1%	+5.9%	+6.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,198	1,434	1,497	845	33.7	19.9	Nov 1, 2023	J-GAAP
Oct - Dec, 2023	6,919	1,381	1,471	971	38.7	20.0	Feb 1, 2024	J-GAAP
Jan - Mar, 2024	7,141	1,097	1,032	632	25.2	15.4	May 9, 2024	J-GAAP
Apr - Jun, 2024	7,099	1,067	1,225	853	34.0	15.0	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	8,072	1,548	1,531	915	36.5	19.2	Oct 30, 2024	J-GAAP
YoY	+12.1%	+7.9%	+2.3%	+8.3%	+8.2%