RAITO KOGYO CO., LTD., July-September (2Q) Ordinary Profit Decreases by 6%

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Thu Nov 7, 2024 4:00 pm JST Earnings

1926 RAITO KOGYO CO., LTD. 【J-GAAP】

Earnings Report

RAITO KOGYO CO., LTD. <1926> [TSE-P] announced its financial results after the market closed on November 7th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 4.2% from the same period last year, reaching 5.59 billion yen. However, The progress rate against the 13.9 billion yen full-year plan was 40.3%, almost the same as the five-year average of 41.3%.

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 expand by 33.1% from the same period last year, reaching 8.3 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 3.36 billion yen, a 5.5% decrease compared to the same period last year. The operating profit margin decreased from 12.1% in the same period last year to 11.5%.

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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	51,799	4,995	5,315	3,666	73.1	39.9	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	55,075	5,262	5,370	3,587	73.5	46.3	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	54,967	5,503	5,598	3,768	79.8	40.3	Nov 7, 2024	J-GAAP
YoY	-0.2%	+4.6%	+4.2%	+5.0%	+8.6%

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	56,500	6,100	6,200	4,250	91.5	30	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	54,967	5,503	5,598	3,768	79.8	30	Nov 7, 2024	J-GAAP
Revision Rate	-2.7%	-9.8%	-9.7%	-11.3%	-12.8%

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	62,249	5,983	6,239	4,594	94.4	70	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	66,033	8,197	8,302	5,732	126.6	45	Nov 7, 2024	J-GAAP
YoY	+6.1%	+37.0%	+33.1%	+24.8%	+34.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	114,974	12,785	13,310	9,489	190.6	61	May 11, 2023	J-GAAP
Mar, 2024	117,324	11,245	11,609	8,181	168.2	70	May 10, 2024	J-GAAP
Mar, 2025 Guidance	121,000	13,700	13,900	9,500	209.7	75	May 10, 2024	J-GAAP
YoY	+3.1%	+21.8%	+19.7%	+16.1%	+24.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	29,304	3,532	3,559	2,430	49.8	12.1	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	30,164	3,210	3,270	2,210	45.3	10.6	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	32,085	2,773	2,969	2,384	49.0	8.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	25,421	2,098	2,236	1,511	31.7	8.3	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	29,546	3,405	3,362	2,257	47.8	11.5	Nov 7, 2024	J-GAAP
YoY	+0.8%	-3.6%	-5.5%	-7.1%	-4.0%