SCINEX CORPORATION, July-September (2Q) Ordinary Profit Loss Narrows

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Fri Nov 8, 2024 3:40 pm JST Earnings

2376 SCINEX CORPORATION 【J-GAAP】

Earnings Report

SCINEX CORPORATION <2376> [TSE-S] announced its financial results after the market closed on November 8th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 36.8% from the same period last year to 86 million yen. The progress rate against the 610 million yen full-year plan was 14.1%, almost the same as the five-year average of 17.0%.

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 12.2% from the same period last year, reaching 524 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 22 million yen (compared to a loss of 53 million yen in the same period last year). The operating profit/loss margin significantly improved from -2.6% in the same period last year to 1.0%.

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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	6,706	-49	42	-3	-0.7	7.7	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	7,193	28	136	73	13.1	22.6	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	7,818	113	86	48	8.6	14.1	Nov 8, 2024	J-GAAP
YoY	+8.7%	+303.6%	-36.8%	-34.2%	-34.5%

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	7,818	113	86	48	8.6	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	8,197	476	467	304	54.3	15	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,682	437	524	342	61.0	15	Nov 8, 2024	J-GAAP
YoY	-6.3%	-8.2%	+12.2%	+12.5%	+12.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,293	484	549	312	55.8	12.50	May 12, 2023	J-GAAP
Mar, 2024	15,390	504	603	377	67.3	15	May 10, 2024	J-GAAP
Mar, 2025 Guidance	15,500	550	610	390	69.5	15	May 10, 2024	J-GAAP
YoY	+0.7%	+9.1%	+1.2%	+3.4%	+3.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,438	-89	-53	-48	-8.6	-2.6	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	3,975	176	145	82	14.6	4.4	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	4,222	300	322	222	39.7	7.1	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,880	75	108	59	10.6	1.9	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,938	38	-22	-11	-2.0	1.0	Nov 8, 2024	J-GAAP
YoY	+14.5%	－	+58.5%	+77.1%	+77.2%