IMV CORPORATION, 5% Increase in Ordinary Profit, Update Record High for Third Consecutive Term, Dividend to Rise by 4 yen

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Thu Nov 7, 2024 3:45 pm JST Earnings

7760 IMV CORPORATION 【J-GAAP】

Earnings Report

IMV CORPORATION <7760> [TSE-S] announced its financial results after the market closed on November 7th (15:45). The consolidated ordinary profit for the fiscal year ending September 2024 increased by 17.7% from the previous period to 1.85 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 5.2% to 1.95 billion yen, marking the third consecutive term of record-high profits. This will be the fifth consecutive term of revenue and the third consecutive term of profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 24 yen, an increase of 4 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit significantly dropped to 284 million yen, a 57.1% decrease compared to the same period last year. The operating profit margin decreased from 13.1% in the same period last year to 11.2%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	11,888	825	1,237	1,065	65.4	10	Nov 11, 2022	J-GAAP
Sep, 2023	13,727	1,266	1,574	1,126	69.1	12	Nov 10, 2023	J-GAAP
Sep, 2024	15,340	1,847	1,853	1,428	88.8	20	Nov 7, 2024	J-GAAP
YoY	+11.8%	+45.9%	+17.7%	+26.8%	+28.4%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	15,340	1,847	1,853	1,428	88.8	20	Nov 6, 2024	J-GAAP
Sep, 2024 Results	15,340	1,847	1,853	1,428	88.8	20	Nov 7, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	7,861	1,215	1,303	1,086	66.3	0	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	0	Nov 7, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	13,727	1,266	1,574	1,126	69.1	12	Nov 10, 2023	J-GAAP
Sep, 2024	15,340	1,847	1,853	1,428	88.8	20	Nov 7, 2024	J-GAAP
Sep, 2025 Guidance	16,500	1,950	1,950	1,500	94.3	24	Nov 7, 2024	J-GAAP
YoY	+7.6%	+5.6%	+5.2%	+5.0%	+6.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,474	585	662	549	33.7	13.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,782	245	190	255	15.7	8.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	5,079	970	1,113	831	50.7	19.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,794	108	266	127	7.7	3.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,685	524	284	215	13.4	11.2	Nov 7, 2024	J-GAAP
YoY	+4.7%	-10.4%	-57.1%	-60.8%	-60.4%