RION CO.,LTD., July-September (2Q) Ordinary Profit Increases by 40%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Wed Oct 30, 2024 3:00 pm JST Earnings

6823 RION CO.,LTD. 【J-GAAP】

Earnings Report

RION CO.,LTD. <6823> [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) was 1.8 billion yen, a 2.6% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 0.4% decrease.

The progress rate against the 3.7 billion yen full-year plan was 48.7%, exceeding the five-year average of 43.5%.

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 5.2% from the same period last year, reaching 1.89 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 39.7% from the same period last year, reaching 1.08 billion yen. The operating profit margin rose from 12.5% in the same period last year to 16.0%.

Kabutan News

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	10,798	1,052	1,078	605	49.2	35.8	Oct 28, 2022	J-GAAP
Apr - Sep, 2023	12,101	1,694	1,757	1,258	102.3	49.3	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	13,040	1,761	1,802	1,197	97.3	48.7	Oct 30, 2024	J-GAAP
YoY	+7.8%	+4.0%	+2.6%	-4.8%	-4.9%

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	12,400	1,700	1,750	1,250	101.5	28	Apr 26, 2024	J-GAAP
Apr - Sep, 2024 Results	13,040	1,761	1,802	1,197	97.3	28	Oct 30, 2024	J-GAAP
Revision Rate	+5.2%	+3.6%	+3.0%	-4.2%	-4.1%

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	13,625	1,780	1,805	1,394	113.3	32	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	13,860	1,939	1,898	1,503	122.0	27	Oct 30, 2024	J-GAAP
YoY	+1.7%	+8.9%	+5.2%	+7.8%	+7.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	23,868	2,844	3,007	1,799	146.3	45	Apr 28, 2023	J-GAAP
Mar, 2024	25,726	3,474	3,562	2,652	215.5	55	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	26,900	3,700	3,700	2,700	219.2	55	Apr 26, 2024	J-GAAP
YoY	+4.6%	+6.5%	+3.9%	+1.8%	+1.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,088	761	779	575	46.7	12.5	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	6,407	932	937	744	60.5	14.5	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	7,218	848	868	650	52.8	11.7	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	6,355	691	714	400	32.6	10.9	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	6,685	1,070	1,088	797	64.8	16.0	Oct 30, 2024	J-GAAP
YoY	+9.8%	+40.6%	+39.7%	+38.6%	+38.6%