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RAIZNEXT Corporation, First Half Ordinary Profit Decreases by 17%, July-September Ordinary Profit Decreases by 52%

Fri Nov 8, 2024 3:00 pm JST Earnings

6379 RAIZNEXT Corporation 【J-GAAP】

Earnings Report

RAIZNEXT Corporation <6379> [TSE-P] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 16.7% from the same period last year to 3.63 billion yen. The progress rate against the 9.5 billion yen full-year plan was 38.3%, also falling below the five-year average of 46.7%.

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 nearly flat at 5.86 billion yen, down 0.6% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1.54 billion yen, a 52.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.9% in the same period last year to 4.1%.

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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 68,747 5,497 5,721 3,968 73.3 50.9 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 70,219 4,190 4,366 2,869 53.0 42.5 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 75,155 3,516 3,638 2,634 49.3 38.3 Nov 8, 2024 J-GAAP
YoY +7.0% -16.1% -16.7% -8.2% -6.9%

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 71,000 3,000 3,050 2,100 38.9 35 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 75,155 3,516 3,638 2,634 49.3 35 Nov 8, 2024 J-GAAP
Revision Rate +5.9% +17.2% +19.3% +25.4% +26.8%

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 70,147 5,778 5,895 4,380 81.1 105 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 80,845 5,834 5,862 4,016 74.4 40 Nov 8, 2024 J-GAAP
YoY +15.3% +1.0% -0.6% -8.3% -8.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 140,061 10,918 11,243 7,741 142.9 72 May 12, 2023 J-GAAP
Mar, 2024 140,366 9,968 10,261 7,249 134.2 135 May 15, 2024 J-GAAP
Mar, 2025 Guidance 156,000 9,350 9,500 6,650 123.2 75 May 15, 2024 J-GAAP
YoY +11.1% -6.2% -7.4% -8.3% -8.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 40,245 3,194 3,217 2,169 40.1 7.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 32,062 2,140 2,203 1,510 27.9 6.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 38,085 3,638 3,692 2,870 53.1 9.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 36,561 1,948 2,093 1,557 29.2 5.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 38,594 1,568 1,545 1,077 20.2 4.1 Nov 8, 2024 J-GAAP
YoY -4.1% -50.9% -52.0% -50.3% -49.7%

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