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EXEO Group, Inc., First Half Ordinary Profit Decreases by 7%, July-September Ordinary Profit Decreases by 20%

Fri Nov 8, 2024 4:00 pm JST Earnings

1951 EXEO Group, Inc. 【J-GAAP】

Earnings Report

EXEO Group, Inc. <1951> [TSE-P] announced its financial results after the market closed on November 8th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 7.0% from the same period last year to 11.5 billion yen. The progress rate against the 36.3 billion yen full-year plan was 31.9%, also falling below the five-year average of 34.9%.

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 grow by 1.2% from the same period last year, reaching 24.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 6.19 billion yen, a 20.0% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 4.8% in the same period last year to 5.0%.

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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 265,185 8,550 11,542 6,610 30.2 34.2 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 265,174 9,212 12,450 7,341 34.5 33.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 273,471 10,312 11,579 6,300 30.2 31.9 Nov 8, 2024 J-GAAP
YoY +3.1% +11.9% -7.0% -14.2% -12.7%

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 － 31 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 273,471 10,312 11,579 6,300 30.2 31 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 348,921 24,909 24,472 12,717 60.1 30 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 356,529 25,688 24,761 16,010 77.3 31 Nov 8, 2024 J-GAAP
YoY +2.2% +3.1% +1.2% +25.9% +28.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 627,607 32,552 33,771 22,233 102.5 51 May 12, 2023 J-GAAP
Mar, 2024 614,095 34,121 36,922 20,058 94.8 60 May 10, 2024 J-GAAP
Mar, 2025 Guidance 630,000 36,000 36,340 22,310 107.7 62 May 10, 2024 J-GAAP
YoY +2.6% +5.5% -1.6% +11.2% +13.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 140,792 6,718 7,739 4,726 22.2 4.8 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 138,213 5,917 6,543 3,651 17.2 4.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 210,708 18,992 17,929 9,066 42.8 9.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 125,415 2,938 5,384 3,009 14.4 2.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 148,056 7,374 6,195 3,291 15.8 5.0 Nov 8, 2024 J-GAAP
YoY +5.2% +9.8% -20.0% -30.4% -29.2%

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