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

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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%	－	－	－	－