Verite Co.,Ltd., First Half Ordinary Profit Revised Upward by 30%

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Mon Nov 11, 2024 1:00 pm JST Revision

9904 Verite Co.,Ltd. 【J-GAAP】

Guidance Update Report

Verite Co.,Ltd. <9904> [TSE-S] announced a performance revision in the afternoon session on November 11th (13:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 30.4%, from the previous forecast of 181 million yen to 236 million yen (compared to 274 million yen in the same period of the previous year), and the declining rate is expected to decrease from 33.9% to 13.9%.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 844 million yen(compared to 835 million yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	3,523	194	181	88	3.2	9.25	May 15, 2024	J-GAAP
Apr - Sep, 2024 New	3,602	246	236	132	4.9	9.25	Nov 11, 2024	J-GAAP
Revision Rate	+2.2%	+26.8%	+30.4%	+50.0%	+50.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	3,508	282	274	154	5.7	10.05	Nov 14, 2023	J-GAAP
Apr - Sep, 2024 Guidance	3,602	246	236	132	4.9	9.25	Nov 11, 2024	J-GAAP
YoY	+2.7%	-12.8%	-13.9%	-14.3%	-14.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,617	932	919	545	20.1	17.10	May 15, 2023	J-GAAP
Mar, 2024	7,639	855	835	502	18.5	20.10	May 15, 2024	J-GAAP
Mar, 2025 Guidance	7,886	872	844	506	18.7	18.50	May 15, 2024	J-GAAP
YoY	+3.2%	+2.0%	+1.1%	+0.8%	+0.7%