BIPROGY Inc., First Half Net Income Decreases by 8%, July-September Net Income Decreases by 19%

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Fri Nov 1, 2024 3:00 pm JST Earnings

8056 BIPROGY Inc. 【IFRS】

Earnings Report

BIPROGY Inc. <8056> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 1st (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 8.2% from the same period last year to 11.7 billion yen. The progress rate against the 24.5 billion yen full-year plan was 48.0%, almost the same as the four-year average of 48.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 2.5% from the same period last year, reaching 12.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 6.87 billion yen, a 18.7% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 11.6% in the same period last year to 11.6%.

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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	154,782	13,648	14,885	10,112	100.7	49.6	Nov 1, 2022	IFRS
Apr - Sep, 2023	172,978	16,635	17,446	12,826	127.6	51.1	Nov 1, 2023	IFRS
Apr - Sep, 2024	186,032	17,945	17,236	11,769	118.3	48.6	Nov 1, 2024	IFRS
YoY	+7.5%	+7.9%	-1.2%	-8.2%	-7.3%

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	－	50	Apr 30, 2024	IFRS
Apr - Sep, 2024 Results	186,032	17,945	17,236	11,769	118.3	50	Nov 1, 2024	IFRS
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	197,164	16,652	16,718	12,420	123.6	55	Apr 30, 2024	IFRS
Oct - Mar, 2024 Guidance	198,968	17,555	18,264	12,731	129.7	50	Nov 1, 2024	IFRS
YoY	+0.9%	+5.4%	+9.2%	+2.5%	+5.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	339,898	29,673	30,001	20,203	201.1	80	Apr 28, 2023	IFRS
Mar, 2024	370,142	33,287	34,164	25,246	251.2	100	Apr 30, 2024	IFRS
Mar, 2025 Guidance	385,000	35,500	35,500	24,500	249.6	100	Apr 30, 2024	IFRS
YoY	+4.0%	+6.6%	+3.9%	-3.0%	-0.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	93,124	10,806	11,012	8,461	84.2	11.6	Nov 1, 2023	IFRS
Oct - Dec, 2023	85,897	7,499	7,040	5,330	53.0	8.7	Feb 1, 2024	IFRS
Jan - Mar, 2024	111,267	9,153	9,678	7,090	70.5	8.2	Apr 30, 2024	IFRS
Apr - Jun, 2024	88,352	6,578	7,129	4,892	48.7	7.4	Jul 29, 2024	IFRS
Jul - Sep, 2024	97,680	11,367	10,107	6,877	69.1	11.6	Nov 1, 2024	IFRS
YoY	+4.9%	+5.2%	-8.2%	-18.7%	-17.9%