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

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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	77.1	31	Nov 8, 2024	J-GAAP
YoY	+2.2%	+3.1%	+1.2%	+25.9%	+28.4%

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	107.5	62	May 10, 2024	J-GAAP
YoY	+2.6%	+5.5%	-1.6%	+11.2%	+13.4%

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%