SOFT99corporation, First Half Ordinary Profit Unexpectedly Revised Upward by 7%

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Wed Nov 6, 2024 3:30 pm JST Earnings

4464 SOFT99corporation 【J-GAAP】

Earnings Report

SOFT99corporation <4464> [TSE-S] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 7.4% from the same period last year, reaching 1.91 billion yen, resulting in an increase in profits compared to the previous forecast of a 2.1% decrease.

The progress rate against the 3.8 billion yen full-year plan was 50.3%, almost the same as the five-year average of 49.1%.

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 5.7% from the same period last year to 1.89 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 5.8% from the same period last year, reaching 771 million yen. The operating profit margin improved from 9.5% in the same period last year to 10.6%.

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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	14,542	1,694	1,784	1,237	57.0	51.9	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	14,801	1,674	1,778	1,199	55.3	47.0	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	14,405	1,815	1,910	1,276	59.2	50.3	Nov 6, 2024	J-GAAP
YoY	-2.7%	+8.4%	+7.4%	+6.4%	+7.2%

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	14,400	1,640	1,740	1,160	53.9	21.50	Sep 20, 2024	J-GAAP
Apr - Sep, 2024 Results	14,405	1,815	1,910	1,276	59.2	21.50	Nov 6, 2024	J-GAAP
Revision Rate	+0.0%	+10.7%	+9.8%	+10.0%	+9.9%

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	15,073	1,905	2,004	1,432	66.1	21	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	14,895	1,785	1,890	1,374	63.8	21.50	Nov 6, 2024	J-GAAP
YoY	-1.2%	-6.3%	-5.7%	-4.1%	-3.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	30,170	3,256	3,440	2,063	95.1	37.50	May 12, 2023	J-GAAP
Mar, 2024	29,874	3,579	3,782	2,631	121.4	41	May 13, 2024	J-GAAP
Mar, 2025 Guidance	29,300	3,600	3,800	2,650	123.0	43	Sep 20, 2024	J-GAAP
YoY	-1.9%	+0.6%	+0.5%	+0.7%	+1.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	7,176	685	729	499	23.0	9.5	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	7,998	1,229	1,287	864	39.8	15.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	7,075	676	717	568	26.2	9.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	7,417	1,075	1,139	775	36.0	14.5	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	6,988	740	771	501	23.3	10.6	Nov 6, 2024	J-GAAP
YoY	-2.6%	+8.0%	+5.8%	+0.4%	+1.1%