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

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%.

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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 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%

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