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System Location Co.,Ltd., First Half Ordinary Profit Unexpectedly Revised Upward by 2%

Fri Nov 1, 2024 3:00 pm JST Earnings

2480 System Location Co.,Ltd. 【J-GAAP】

Earnings Report

System Location Co.,Ltd. <2480> [TSE-S] announced its financial results after the market closed on November 1st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was 325 million yen, a 1.6% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 3.8% decrease.

The progress rate against the 620 million yen full-year plan was 52.4%, also surpassing the five-year average of 49.0%.

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 decrease by 1.0% from the same period last year to 297 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 18.6% from the same period last year, reaching 185 million yen. The operating profit margin rose from 34.9% in the same period last year to 38.0%.

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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 837 272 299 179 50.9 49.5 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 856 293 320 183 52.1 51.6 Nov 2, 2023 J-GAAP
Apr - Sep, 2024 844 273 325 190 53.9 52.4 Nov 1, 2024 J-GAAP
YoY -1.4% -6.8% +1.6% +3.8% +3.4%

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 860 280 308 195 55.3 0 May 2, 2024 J-GAAP
Apr - Sep, 2024 Results 844 273 325 190 53.9 0 Nov 1, 2024 J-GAAP
Revision Rate -1.9% -2.5% +5.5% -2.6% -2.5%

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 885 287 300 190 54.0 38 May 2, 2024 J-GAAP
Oct - Mar, 2024 Guidance 898 307 295 202 57.3 38 Nov 1, 2024 J-GAAP
YoY +1.5% +7.0% -1.7% +6.3% +6.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,696 561 604 369 104.7 38 May 2, 2023 J-GAAP
Mar, 2024 1,741 580 620 373 106.0 38 May 2, 2024 J-GAAP
Mar, 2025 Guidance 1,742 580 620 392 111.1 38 May 2, 2024 J-GAAP
YoY +0.1% 0.0% 0.0% +5.1% +4.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 427 149 156 73 20.8 34.9 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 453 162 172 114 32.4 35.8 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 432 125 128 76 21.6 28.9 May 2, 2024 J-GAAP
Apr - Jun, 2024 418 111 140 143 40.7 26.6 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 426 162 185 47 13.3 38.0 Nov 1, 2024 J-GAAP
YoY -0.2% +8.7% +18.6% -35.6% -35.9%

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