ZUKEN INC., First Half Ordinary Profit Increases by 4%, Current Fiscal Year Dividend Revised Upward by 40 yen

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Mon Nov 11, 2024 11:30 am JST Earnings

6947 ZUKEN INC. 【J-GAAP】

Earnings Report

ZUKEN INC. <6947> [TSE-P] announced its financial results at noon (11:30) on November 11th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 4.2% from the same period last year, reaching 2.48 billion yen. However, The progress rate against the 5.9 billion yen full-year plan was 42.1%, almost the same as the five-year average of 44.2%.

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 grow by 11.8% from the same period last year, reaching 3.41 billion yen.

At the same time, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 60 yen to 100 yen (compared to 55 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.36 billion yen, an increase of 1.9% compared to the same period last year. The operating profit margin rose from 12.9% in the same period last year to 14.6%.

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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	16,103	1,892	2,093	1,414	60.9	44.2	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	17,879	1,996	2,384	1,638	71.6	43.8	Nov 6, 2023	J-GAAP
Apr - Sep, 2024	19,079	2,322	2,484	1,627	73.2	42.1	Nov 11, 2024	J-GAAP
YoY	+6.7%	+16.3%	+4.2%	-0.7%	+2.2%

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	－	30	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	19,079	2,322	2,484	1,627	73.2	50	Nov 11, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	41,000	5,500	5,900	4,000	181.5	60	May 13, 2024	J-GAAP
Mar, 2025 New	41,000	5,500	5,900	4,000	181.5	100	Nov 11, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	20,587	2,800	3,055	2,230	98.8	30	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	21,921	3,178	3,416	2,373	107.7	50	Nov 11, 2024	J-GAAP
YoY	+6.5%	+13.5%	+11.8%	+6.4%	+9.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	35,073	4,428	4,735	3,196	137.5	45	May 15, 2023	J-GAAP
Mar, 2024	38,466	4,796	5,439	3,868	171.4	55	May 13, 2024	J-GAAP
Mar, 2025 Guidance	41,000	5,500	5,900	4,000	181.5	100	Nov 11, 2024	J-GAAP
YoY	+6.6%	+14.7%	+8.5%	+3.4%	+5.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	9,438	1,221	1,334	951	41.6	12.9	Nov 6, 2023	J-GAAP
Oct - Dec, 2023	9,301	1,153	1,255	722	31.8	12.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	11,286	1,647	1,800	1,508	66.8	14.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	9,017	856	1,124	703	31.6	9.5	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	10,062	1,466	1,360	924	41.6	14.6	Nov 11, 2024	J-GAAP
YoY	+6.6%	+20.1%	+1.9%	-2.8%	0.0%