Keyware Solutions Inc., July-September (2Q) Ordinary Profit Increases by 8%

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Thu Oct 31, 2024 3:30 pm JST Earnings

3799 Keyware Solutions Inc. 【J-GAAP】

Earnings Report

Keyware Solutions Inc. <3799> [TSE-S] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 22.3% from the same period last year to 258 million yen. The progress rate against the 1.1 billion yen full-year plan was 23.5%, which was higher than the five-year average of 16.8%.

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 11.1% from the same period last year, reaching 842 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 7.5% from the same period last year, reaching 314 million yen. The operating profit margin improved from 3.4% in the same period last year to 4.5%.

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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	8,975	19	170	174	21.7	18.5	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	9,459	143	332	233	29.0	30.5	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	9,911	47	258	194	24.2	23.5	Oct 31, 2024	J-GAAP
YoY	+4.8%	-67.1%	-22.3%	-16.7%	-16.6%

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	ー	ー	ー	ー	－	0	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	9,911	47	258	194	24.2	0	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	11,052	730	758	496	61.7	20	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	11,089	953	842	576	71.5	25	Oct 31, 2024	J-GAAP
YoY	+0.3%	+30.5%	+11.1%	+16.1%	+15.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	19,173	738	921	482	60.1	12	May 12, 2023	J-GAAP
Mar, 2024	20,511	873	1,090	729	90.7	20	May 14, 2024	J-GAAP
Mar, 2025 Guidance	21,000	1,000	1,100	770	95.5	25	May 14, 2024	J-GAAP
YoY	+2.4%	+14.5%	+0.9%	+5.6%	+5.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,916	166	292	204	25.4	3.4	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	5,147	239	320	278	34.6	4.6	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	5,905	491	438	218	27.1	8.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,605	-190	-56	-34	-4.2	-4.1	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	5,306	237	314	228	28.4	4.5	Oct 31, 2024	J-GAAP
YoY	+7.9%	+42.8%	+7.5%	+11.8%	+12.0%