RENAISSANCE,INCORPORATED, First Half Ordinary Profit Increases by 2.2 times

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Fri Nov 8, 2024 3:30 pm JST Earnings

2378 RENAISSANCE,INCORPORATED 【J-GAAP】

Earnings Report

RENAISSANCE,INCORPORATED <2378> [TSE-P] 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) surged by 2.2 times that of the same period last year, reaching 468 million yen, exceeded the previous forecast of 300 million yen.

The progress rate against the 1 billion yen full-year plan was 46.8%, exceeding the five-year average of 35.0%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 71.6% from the same period last year, reaching 532 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 29.1% from the same period last year, reaching 226 million yen. The operating profit margin improved from 2.2% in the same period last year to 3.2%.

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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	19,889	96	24	6	0.3	7.7	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	21,155	281	214	150	7.5	40.8	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	31,367	874	468	222	11.3	46.8	Nov 8, 2024	J-GAAP
YoY	+48.3%	+211.0%	+118.7%	+48.0%	+50.8%

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	31,000	650	300	200	10.6	3	Aug 8, 2024	J-GAAP
Apr - Sep, 2024 Results	31,367	874	468	222	11.3	3	Nov 8, 2024	J-GAAP
Revision Rate	+1.2%	+34.5%	+56.0%	+11.0%	+6.3%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	63,000	1,800	1,000	700	35.9	11	May 10, 2024	J-GAAP
Mar, 2025 New	63,500	1,800	1,000	700	35.9	11	Nov 8, 2024	J-GAAP
Revision Rate	+0.8%	0.0%	0.0%	0.0%	0.0%

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	22,472	980	310	482	24.8	7	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	32,133	926	532	478	24.5	8	Nov 8, 2024	J-GAAP
YoY	+43.0%	-5.5%	+71.6%	-0.8%	-0.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	40,760	680	311	-1,141	-60.4	8	May 10, 2023	J-GAAP
Mar, 2024	43,627	1,261	524	632	32.5	10	May 10, 2024	J-GAAP
Mar, 2025 Guidance	63,500	1,800	1,000	700	35.9	11	Nov 8, 2024	J-GAAP
YoY	+45.6%	+42.7%	+90.8%	+10.8%	+10.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	10,770	238	175	76	3.8	2.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	11,267	774	648	464	24.0	6.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	11,205	206	-338	18	0.9	1.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	15,435	372	242	198	10.3	2.4	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	15,932	502	226	24	1.2	3.2	Nov 8, 2024	J-GAAP
YoY	+47.9%	+110.9%	+29.1%	-68.4%	-67.7%