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

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 ー 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
Sep, 2025 Guidance ー ー ー ー － 0 Sep 13, 2024 J-GAAP
YoY － － － － －

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%

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