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RINKO CORPORATION, July-September (2Q) Ordinary Profit Decreases by 63%

Fri Nov 8, 2024 4:00 pm JST Earnings

9355 RINKO CORPORATION 【J-GAAP】

Earnings Report

RINKO CORPORATION <9355> [TSE-S] 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) expanded to 218 million yen, an increase of 47.3% compared to the same period last year. The progress rate against the 400 million yen full-year plan was 54.5%, also surpassing the five-year average of 51.2%.

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 44.4% from the same period last year, reaching 182 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 17 million yen, a 63.0% decrease compared to the same period last year. The operating profit margin worsened from 1.9% in the same period last year to 0.9%.

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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 6,561 52 210 445 165.2 49.1 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 6,535 66 148 238 88.3 54.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 6,652 148 218 177 69.4 54.5 Nov 8, 2024 J-GAAP
YoY +1.8% +124.2% +47.3% -25.6% -21.4%

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 － － May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 6,652 148 218 177 69.4 － 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 6,575 86 126 119 44.4 30 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,848 202 182 203 78.7 30 Nov 8, 2024 J-GAAP
YoY +4.2% +134.9% +44.4% +70.6% +77.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 13,442 208 428 683 253.3 30 May 11, 2023 J-GAAP
Mar, 2024 13,110 152 274 357 133.2 30 May 10, 2024 J-GAAP
Mar, 2025 Guidance 13,500 350 400 380 147.3 30 May 10, 2024 J-GAAP
YoY +3.0% +130.3% +46.0% +6.4% +10.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,252 62 46 26 9.7 1.9 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,430 112 165 158 58.6 3.3 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 3,145 -26 -39 -39 -14.6 -0.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,383 117 201 143 56.0 3.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 3,269 31 17 34 13.3 0.9 Nov 8, 2024 J-GAAP
YoY +0.5% -50.0% -63.0% +30.8% +38.1%

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