ZIGExN Co., Ltd., July-September (2Q) Net Income Decreases by 4%

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Thu Nov 7, 2024 3:30 pm JST Earnings

3679 ZIGExN Co., Ltd. 【IFRS】

Earnings Report

ZIGExN Co., Ltd. <3679> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 7th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 5.1% from the same period last year, reaching 1.88 billion yen. However, The progress rate against the 4.3 billion yen full-year plan was 43.9%, also falling below the five-year average of 49.7%.

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 20.3% from the same period last year, reaching 2.41 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income decreased to 905 million yen, a 4.4% decrease compared to the same period last year. The operating profit margin decreased from 22.8% in the same period last year to 21.9%.

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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	8,423	1,906	1,903	1,371	12.9	45.3	Nov 9, 2022	IFRS
Apr - Sep, 2023	11,203	2,513	2,527	1,794	17.3	46.5	Nov 9, 2023	IFRS
Apr - Sep, 2024	12,272	2,790	2,760	1,886	18.4	43.8	Nov 7, 2024	IFRS
YoY	+9.5%	+11.0%	+9.2%	+5.1%	+6.5%

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 9, 2024	IFRS
Apr - Sep, 2024 Results	12,272	2,790	2,760	1,886	18.4	0	Nov 7, 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	12,046	2,881	2,903	2,006	19.3	6.50	May 9, 2024	IFRS
Oct - Mar, 2024 Guidance	15,228	3,510	3,540	2,414	24.0	7.50	Nov 7, 2024	IFRS
YoY	+26.4%	+21.8%	+21.9%	+20.3%	+24.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	18,709	4,180	4,199	2,930	27.9	4	May 10, 2023	IFRS
Mar, 2024	23,249	5,394	5,430	3,800	36.5	6.50	May 9, 2024	IFRS
Mar, 2025 Guidance	27,500	6,300	6,300	4,300	42.8	7.50	May 9, 2024	IFRS
YoY	+18.3%	+16.8%	+16.0%	+13.2%	+17.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,743	1,310	1,320	947	9.1	22.8	Nov 9, 2023	IFRS
Oct - Dec, 2023	5,717	1,347	1,316	981	9.4	23.6	Feb 8, 2024	IFRS
Jan - Mar, 2024	6,329	1,534	1,587	1,025	9.9	24.2	May 9, 2024	IFRS
Apr - Jun, 2024	6,173	1,452	1,444	981	9.5	23.5	Aug 7, 2024	IFRS
Jul - Sep, 2024	6,099	1,338	1,316	905	8.8	21.9	Nov 7, 2024	IFRS
YoY	+6.2%	+2.1%	-0.3%	-4.4%	-3.3%