Raysum Co., Ltd., First Half Ordinary Profit Decreases by 51%, July-September Ordinary Profit Decreases by 42%

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Fri Nov 8, 2024 3:30 pm JST Earnings

8890 Raysum Co., Ltd. 【J-GAAP】

Earnings Report

Raysum Co., Ltd. <8890> [TSE-S] 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) significantly dropped by 51.2% from the same period last year to 4.6 billion yen. The progress rate against the 21.5 billion yen full-year plan was 21.4%, also falling below the five-year average of 27.9%.

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 expand by 35.8% from the same period last year, reaching 16.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 3.27 billion yen, a 41.9% decrease compared to the same period last year. The operating profit margin sharply declined from 25.1% in the same period last year to 12.4%.

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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	18,888	3,113	3,188	2,233	66.7	24.8	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	38,828	9,631	9,440	6,212	216.9	43.1	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	48,162	5,478	4,609	3,325	115.8	21.4	Nov 8, 2024	J-GAAP
YoY	+24.0%	-43.1%	-51.2%	-46.5%	-46.6%

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	48,162	5,478	4,609	3,325	115.8	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	55,437	13,193	12,438	5,301	187.1	175	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	66,838	17,522	16,891	10,675	371.4	0	Nov 8, 2024	J-GAAP
YoY	+20.6%	+32.8%	+35.8%	+101.4%	+98.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	67,906	14,371	12,851	8,376	269.7	55	May 12, 2023	J-GAAP
Mar, 2024	94,265	22,824	21,878	11,513	406.3	175	May 10, 2024	J-GAAP
Mar, 2025 Guidance	115,000	23,000	21,500	14,000	487.0	0	Sep 13, 2024	J-GAAP
YoY	+22.0%	+0.8%	-1.7%	+21.6%	+19.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	23,165	5,819	5,634	3,745	130.7	25.1	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	14,422	1,966	1,398	835	29.6	13.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	41,015	11,227	11,040	4,466	157.6	27.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	15,615	1,437	1,335	885	30.8	9.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	32,547	4,041	3,274	2,440	85.0	12.4	Nov 8, 2024	J-GAAP
YoY	+40.5%	-30.6%	-41.9%	-34.8%	-35.0%