RIKEN TECHNOS CORPORATION, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 5% Increase, Adds to Record High Profit, Dividend Revised Upward by 3 yen

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Thu Oct 31, 2024 3:00 pm JST Earnings

4220 RIKEN TECHNOS CORPORATION 【J-GAAP】

Earnings Report

RIKEN TECHNOS CORPORATION <4220> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.0% from the same period last year, reaching 4.7 billion yen, resulting in an increase in profits compared to the previous forecast of a 4.8% decrease.

In addition, the full-year consolidated ordinary profit has been revised upward by 5.3%, from the previous forecast of 9.5 billion yen to 10 billion yen (compared to 9.54 billion yen in the previous period), record profits reach four consecutive terms, turning to a 4.8% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to nearly flat at 5.29 billion yen, down 0.9% from the same period last year.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 34 yen to 37 yen (compared to 32 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.75 billion yen, a 11.2% decrease compared to the same period last year. However, the operating profit margin improved from 6.0% in the same period last year to 7.3%.

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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	59,527	3,498	4,040	2,377	37.6	50.7	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	61,397	3,621	4,202	2,507	39.6	44.0	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	63,391	4,776	4,708	2,614	47.9	47.1	Oct 31, 2024	J-GAAP
YoY	+3.2%	+31.9%	+12.0%	+4.3%	+20.9%

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	62,500	3,900	4,000	2,200	41.2	14	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	63,391	4,776	4,708	2,614	47.9	14	Oct 31, 2024	J-GAAP
Revision Rate	+1.4%	+22.5%	+17.7%	+18.8%	+16.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	130,000	9,200	9,500	5,200	98.9	34	Apr 30, 2024	J-GAAP
Mar, 2025 New	130,000	10,000	10,000	5,600	106.5	37	Oct 31, 2024	J-GAAP
Revision Rate	0.0%	+8.7%	+5.3%	+7.7%	+7.7%

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	64,342	5,154	5,342	4,373	72.6	20	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	66,609	5,224	5,292	2,986	56.8	23	Oct 31, 2024	J-GAAP
YoY	+3.5%	+1.4%	-0.9%	-31.7%	-21.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	123,497	7,506	7,964	4,557	72.1	25	May 1, 2023	J-GAAP
Mar, 2024	125,739	8,775	9,544	6,880	114.2	32	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	130,000	10,000	10,000	5,600	106.5	37	Oct 31, 2024	J-GAAP
YoY	+3.4%	+14.0%	+4.8%	-18.6%	-6.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	30,329	1,834	1,976	1,139	18.0	6.0	Oct 30, 2023	J-GAAP
Oct - Dec, 2023	32,874	2,895	2,820	3,062	49.6	8.8	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	31,468	2,259	2,522	1,311	21.8	7.2	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	31,363	2,437	2,953	1,868	34.0	7.8	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	32,028	2,339	1,755	746	13.7	7.3	Oct 31, 2024	J-GAAP
YoY	+5.6%	+27.5%	-11.2%	-34.5%	-24.0%