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V Technology Co., Ltd., First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Turns to Profit

Mon Nov 11, 2024 3:30 pm JST Earnings

7717 V Technology Co., Ltd. 【J-GAAP】

Earnings Report

V Technology Co., Ltd. <7717> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 275 million yen (compared to a loss of 592 million yen in the same period last year).

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 decrease by 1.7% from the same period last year to 1.67 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 484 million yen (compared to a loss of 182 million yen in the same period last year). The operating profit/loss margin drastically improved from -3.6% in the same period last year to 6.3%.

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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 19,289 585 1,530 1,330 137.6 90.0 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 12,334 -880 -592 -647 -67.0 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 22,345 -136 -275 -218 -22.8 ー Nov 11, 2024 J-GAAP
YoY +81.2% +84.5% +53.5% +66.3% +65.9%

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 ー ー ー ー － 40 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 22,345 -136 -275 -218 -22.8 40 Nov 11, 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 25,001 1,726 1,704 1,425 147.7 30 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,655 1,736 1,675 1,218 128.9 40 Nov 11, 2024 J-GAAP
YoY -1.4% +0.6% -1.7% -14.5% -12.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 43,146 986 1,700 260 26.9 90 May 12, 2023 J-GAAP
Mar, 2024 37,335 846 1,112 778 80.7 60 May 13, 2024 J-GAAP
Mar, 2025 Guidance 47,000 1,600 1,400 1,000 105.8 80 May 13, 2024 J-GAAP
YoY +25.9% +89.1% +25.9% +28.5% +31.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,585 -239 -182 -241 -24.9 -3.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 6,769 -1,197 -1,308 -740 -76.6 -17.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 18,232 2,923 3,012 2,165 224.4 16.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 9,523 -948 -759 -656 -68.2 -10.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 12,822 812 484 438 45.8 6.3 Nov 11, 2024 J-GAAP
YoY +94.7% － － － －

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