iRidge,Inc., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Turns to Profit

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Fri Nov 8, 2024 3:00 pm JST Earnings

3917 iRidge,Inc. 【J-GAAP】

Earnings Report

iRidge,Inc. <3917> [TSE-G] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 64 million yen (compared to a loss of 324 million yen in the same period last year). The progress rate against the 110 million yen full-year plan was 58.2%.

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 significant drop by 80.6% from the same period last year to 46 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 109 million yen (compared to a loss of 120 million yen in the same period last year). The operating profit/loss margin drastically improved from -9.3% in the same period last year to 6.2%.

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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	2,191	-26	-23	-7	-1.0	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	2,424	-330	-324	-240	-33.9	ー	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	3,068	68	64	34	4.6	58.2	Nov 8, 2024	J-GAAP
YoY	+26.6%	－	－	－	－

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	ー	ー	ー	ー	－	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	3,068	68	64	34	4.6	0	Nov 8, 2024	J-GAAP
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	3,288	239	237	-916	-128.3	0	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,332	52	46	36	4.8	0	Nov 8, 2024	J-GAAP
YoY	+1.3%	-78.2%	-80.6%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	5,418	378	389	175	24.9	0	May 12, 2023	J-GAAP
Mar, 2024	5,712	-91	-87	-1,156	-161.9	0	May 10, 2024	J-GAAP
Mar, 2025 Guidance	6,400	120	110	70	9.2	0	May 10, 2024	J-GAAP
YoY	+12.0%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,307	-122	-120	-85	-12.0	-9.3	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	1,425	-30	-30	-22	-3.1	-2.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	1,863	269	267	-894	-125.2	14.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	1,332	-40	-45	-49	-6.6	-3.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,736	108	109	83	11.2	6.2	Nov 8, 2024	J-GAAP
YoY	+32.8%	－	－	－	－