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RIKEN KEIKI CO.,LTD, First Half Ordinary Profit Decreases by 20%

Fri Nov 8, 2024 3:00 pm JST Earnings

7734 RIKEN KEIKI CO.,LTD 【J-GAAP】

Earnings Report

RIKEN KEIKI CO.,LTD <7734> [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 19.9% from the same period last year to 5.17 billion yen, fell short of the previous forecast of 6.15 billion yen.

The progress rate against the 12.3 billion yen full-year plan was 42.0%, also falling below the five-year average of 50.3%.

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 grow by 22.6% from the same period last year, reaching 7.13 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 1.94 billion yen, a 32.9% decrease compared to the same period last year. The operating profit margin decreased from 24.9% in the same period last year to 22.3%.

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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 22,404 6,408 6,633 4,546 97.7 55.5 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 22,675 5,847 6,456 4,548 97.7 52.6 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 23,934 5,499 5,170 3,583 76.9 42.0 Nov 8, 2024 J-GAAP
YoY +5.6% -6.0% -19.9% -21.2% -21.2%

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 23,600 5,900 6,150 4,600 98.8 20 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 23,934 5,499 5,170 3,583 76.9 20 Nov 8, 2024 J-GAAP
Revision Rate +1.4% -6.8% -15.9% -22.1% -22.1%

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 22,906 5,629 5,816 3,830 82.3 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,066 6,301 7,130 5,417 117.9 20 Nov 8, 2024 J-GAAP
YoY +5.1% +11.9% +22.6% +41.4% +43.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,004 11,551 11,944 8,670 186.2 40 May 11, 2023 J-GAAP
Mar, 2024 45,581 11,476 12,272 8,378 179.9 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 48,000 11,800 12,300 9,000 195.9 40 May 10, 2024 J-GAAP
YoY +5.3% +2.8% +0.2% +7.4% +8.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 11,185 2,789 2,896 2,015 43.3 24.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 11,650 2,808 2,744 2,019 43.4 24.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 11,256 2,821 3,072 1,811 38.9 25.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 11,243 2,673 3,226 2,239 48.1 23.8 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 12,691 2,826 1,944 1,344 28.9 22.3 Nov 8, 2024 J-GAAP
YoY +13.5% +1.3% -32.9% -33.3% -33.3%

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