RIKEI CORPORATION, First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Increases by 8.7 times

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Mon Nov 11, 2024 3:30 pm JST Earnings

8226 RIKEI CORPORATION 【J-GAAP】

Earnings Report

RIKEI CORPORATION <8226> [TSE-S] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 380 million yen (compared to a loss of 32 million yen in the same period last year). The progress rate against the 460 million yen full-year plan was 82.6%.

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 significant drop by 85.4% from the same period last year to 80 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 8.7 times that of the same period last year, reaching 235 million yen. The operating profit margin significantly improved from 1.5% in the same period last year to 6.0%.

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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	4,985	33	34	-20	-1.3	15.5	Nov 9, 2022	J-GAAP
Apr - Sep, 2023	4,961	-23	-32	-74	-4.9	ー	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	9,618	406	380	167	11.1	82.6	Nov 11, 2024	J-GAAP
YoY	+93.9%	－	－	－	－

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	9,500	390	370	140	9.3	0	Oct 15, 2024	J-GAAP
Apr - Sep, 2024 Results	9,618	406	380	167	11.1	0	Nov 11, 2024	J-GAAP
Revision Rate	+1.2%	+4.1%	+2.7%	+19.3%	+19.8%

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	7,170	591	548	456	30.2	5	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	5,762	64	80	123	8.1	5	Nov 11, 2024	J-GAAP
YoY	-19.6%	-89.2%	-85.4%	-73.0%	-73.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	10,285	219	220	66	4.4	3	May 12, 2023	J-GAAP
Mar, 2024	12,131	568	516	382	25.3	5	May 13, 2024	J-GAAP
Mar, 2025 Guidance	15,380	470	460	290	19.2	5	May 13, 2024	J-GAAP
YoY	+26.8%	-17.3%	-10.9%	-24.1%	-24.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,391	35	27	18	1.2	1.5	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	2,678	75	80	35	2.4	2.8	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	4,492	516	468	421	27.9	11.5	May 13, 2024	J-GAAP
Apr - Jun, 2024	5,293	147	145	11	0.8	2.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	4,325	259	235	156	10.4	6.0	Nov 11, 2024	J-GAAP
YoY	+80.9%	+640.0%	+770.4%	+766.7%	+763.3%