Seria Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 2% Increase

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Thu Oct 31, 2024 3:00 pm JST Earnings

2782 Seria Co., Ltd. 【J-GAAP】

Earnings Report

Seria Co., Ltd. <2782> [TSE-S] announced its financial results after the market closed on October 31st (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 23.2% from the same period last year, reaching 7.7 billion yen.

In addition, the full-year ordinary profit has been revised upward by 3.0%, from the previous forecast of 15.2 billion yen to 15.6 billion yen (compared to 15.3 billion yen in the previous period), turning to a 2.2% increase in the ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 12.3% from the same period last year to 7.94 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 21.4% from the same period last year, reaching 3.7 billion yen. The operating profit margin improved from 5.7% in the same period last year to 6.4%.

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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	104,457	8,051	8,084	5,426	72.1	51.8	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	107,128	6,180	6,251	4,063	54.0	40.8	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	115,899	7,647	7,701	5,093	67.7	49.2	Oct 31, 2024	J-GAAP
YoY	+8.2%	+23.7%	+23.2%	+25.4%	+25.4%

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	113,600	6,900	6,950	4,500	59.8	35	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	115,899	7,647	7,701	5,093	67.7	35	Oct 31, 2024	J-GAAP
Revision Rate	+2.0%	+10.8%	+10.8%	+13.2%	+13.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	232,800	15,100	15,200	9,950	132.2	70	May 10, 2024	J-GAAP
Mar, 2025 New	234,350	15,550	15,650	10,300	136.9	70	Oct 31, 2024	J-GAAP
Revision Rate	+0.7%	+3.0%	+3.0%	+3.5%	+3.5%

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	116,074	8,941	9,064	5,760	76.6	35	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	118,451	7,903	7,949	5,207	69.2	35	Oct 31, 2024	J-GAAP
YoY	+2.0%	-11.6%	-12.3%	-9.6%	-9.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	212,359	15,445	15,617	10,254	136.3	70	May 10, 2023	J-GAAP
Mar, 2024	223,202	15,121	15,315	9,823	130.6	70	May 10, 2024	J-GAAP
Mar, 2025 Guidance	234,350	15,550	15,650	10,300	136.9	70	Oct 31, 2024	J-GAAP
YoY	+5.0%	+2.8%	+2.2%	+4.9%	+4.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	53,280	3,035	3,049	1,998	26.6	5.7	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	59,341	5,078	5,174	3,431	45.6	8.6	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	56,733	3,863	3,890	2,329	31.0	6.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	58,115	3,967	4,001	2,671	35.5	6.8	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	57,784	3,680	3,700	2,422	32.2	6.4	Oct 31, 2024	J-GAAP
YoY	+8.5%	+21.3%	+21.4%	+21.2%	+21.3%