Interworks Confidence Inc., First Half Ordinary Profit Increases by 37%

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Fri Nov 8, 2024 3:30 pm JST Earnings

7374 Interworks Confidence Inc. 【J-GAAP】

Earnings Report

Interworks Confidence Inc. <7374> [TSE-G] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 700 million yen, an increase of 37.3% compared to the same period last year, exceeded the previous forecast of 571 million yen.

The progress rate against the 1.4 billion yen full-year plan was 50.0%, almost the same as the four-year average of 48.6%.

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 10.9% from the same period last year, reaching 701 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 32.1% from the same period last year, reaching 350 million yen. The operating profit margin rose from 15.2% in the same period last year to 16.0%.

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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	2,544	501	500	339	74.0	53.9	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	3,249	561	510	337	63.9	44.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	4,335	696	700	439	70.4	50.0	Nov 8, 2024	J-GAAP
YoY	+33.4%	+24.1%	+37.3%	+30.3%	+10.2%

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	4,306	570	571	358	58.5	30	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	4,335	696	700	439	70.4	30	Nov 8, 2024	J-GAAP
Revision Rate	+0.7%	+22.1%	+22.6%	+22.6%	+20.4%

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	4,239	634	632	388	65.3	30	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,665	704	701	443	72.3	35	Nov 8, 2024	J-GAAP
YoY	+10.0%	+11.0%	+10.9%	+14.2%	+10.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	5,197	933	927	617	134.8	48	May 12, 2023	J-GAAP
Mar, 2024	7,488	1,195	1,142	725	122.0	55	May 10, 2024	J-GAAP
Mar, 2025 Guidance	9,000	1,400	1,401	882	144.0	65	May 10, 2024	J-GAAP
YoY	+20.2%	+17.2%	+22.7%	+21.7%	+18.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,840	279	265	170	32.2	15.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,128	334	333	210	36.7	15.7	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,111	300	299	178	30.0	14.2	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,170	349	350	223	35.1	16.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,165	347	350	216	34.6	16.0	Nov 8, 2024	J-GAAP
YoY	+17.7%	+24.4%	+32.1%	+27.1%	+7.5%