Ryoyu Systems Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 8%, Adds to Record High Profit Forecast, Dividend Revised Upward by 10 yen

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Thu Oct 31, 2024 4:00 pm JST Earnings

4685 Ryoyu Systems Co., Ltd. 【J-GAAP】

Earnings Report

Ryoyu Systems Co., Ltd. <4685> [TSE-S] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.86 billion yen, an increase of 49.2% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 8.1%, from the previous forecast of 3.7 billion yen to 4 billion yen (compared to 3.59 billion yen in the previous period), increasing the growth rate from 2.9% to 11.2%, further surpassing the previous forecast of record-high profits for three consecutive terms.

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 decrease by 8.9% from the same period last year to 2.13 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 125 yen to 135 yen (compared to 120 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 55.6% from the same period last year, reaching 1.17 billion yen. The operating profit margin significantly improved from 9.7% in the same period last year to 13.0%.

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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	14,825	868	898	575	90.6	33.1	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	16,087	1,238	1,248	799	125.7	34.7	Oct 26, 2023	J-GAAP
Apr - Sep, 2024	17,452	1,843	1,862	1,241	195.0	46.6	Oct 31, 2024	J-GAAP
YoY	+8.5%	+48.9%	+49.2%	+55.3%	+55.1%

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	－	60	Apr 26, 2024	J-GAAP
Apr - Sep, 2024 Results	17,452	1,843	1,862	1,241	195.0	65	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	39,000	3,700	3,700	2,550	400.1	125	Apr 26, 2024	J-GAAP
Mar, 2025 New	40,000	4,000	4,000	2,700	423.6	135	Oct 31, 2024	J-GAAP
Revision Rate	+2.6%	+8.1%	+8.1%	+5.9%	+5.9%

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	20,975	2,343	2,348	1,617	254.2	75	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	22,548	2,157	2,138	1,459	228.9	70	Oct 31, 2024	J-GAAP
YoY	+7.5%	-7.9%	-8.9%	-9.8%	-9.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	33,138	2,673	2,711	1,834	288.8	90	May 9, 2023	J-GAAP
Mar, 2024	37,062	3,581	3,596	2,416	379.8	120	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	40,000	4,000	4,000	2,700	423.6	135	Oct 31, 2024	J-GAAP
YoY	+7.9%	+11.7%	+11.2%	+11.8%	+11.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,732	753	757	500	78.7	9.7	Oct 26, 2023	J-GAAP
Oct - Dec, 2023	8,802	1,143	1,148	751	118.1	13.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	12,173	1,200	1,200	866	136.1	9.9	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	8,425	672	684	444	69.8	8.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	9,027	1,171	1,178	797	125.2	13.0	Oct 31, 2024	J-GAAP
YoY	+16.7%	+55.5%	+55.6%	+59.4%	+59.1%