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

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%

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