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

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 38.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 31,367 851 445 216 10.9 44.5 Nov 8, 2024 J-GAAP
YoY +48.3% +202.8% +107.9% +44.0% +46.2%

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 31,000 650 300 200 10.6 3 Aug 8, 2024 J-GAAP
Apr - Sep, 2024 Results 31,367 851 445 216 10.9 3 Nov 8, 2024 J-GAAP
Revision Rate +1.2% +30.9% +48.3% +8.0% +3.1%

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 22,472 980 349 483 24.8 7 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 32,133 949 555 484 24.8 8 Nov 8, 2024 J-GAAP
YoY +43.0% -3.2% +59.0% +0.2% +0.3%

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 1,261 563 633 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% +77.6% +10.6% +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 -299 19 1.0 1.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 15,435 360 230 195 10.1 2.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 15,932 491 215 21 1.1 3.1 Nov 8, 2024 J-GAAP
YoY +47.9% +106.3% +22.9% -72.4% -72.0%

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