Quest Co., Ltd., July-September (2Q) Ordinary Profit Decreases by 8%

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Mon Nov 11, 2024 5:00 pm JST Earnings

2332 Quest Co., Ltd. 【J-GAAP】

Earnings Report

Quest Co., Ltd. <2332> [TSE-S] announced its financial results after the market closed on November 11th (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 9.9% from the same period last year, reaching 535 million yen. However, The progress rate against the 1.09 billion yen full-year plan was 49.1%, almost the same as the five-year average of 47.5%.

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 3.3% from the same period last year to 555 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 288 million yen, a 7.7% decrease compared to the same period last year. The operating profit margin worsened from 8.4% in the same period last year to 7.3%.

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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	6,948	502	535	360	67.7	51.8	Nov 7, 2022	J-GAAP
Apr - Sep, 2023	7,001	453	487	326	61.0	45.9	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	7,234	496	535	356	66.5	49.1	Nov 11, 2024	J-GAAP
YoY	+3.3%	+9.5%	+9.9%	+9.2%	+9.0%

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	－	0	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	7,234	496	535	356	66.5	0	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	7,223	544	574	370	69.1	49	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,766	554	555	364	67.9	49	Nov 11, 2024	J-GAAP
YoY	+7.5%	+1.8%	-3.3%	-1.6%	-1.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,201	976	1,033	690	129.3	46	May 12, 2023	J-GAAP
Mar, 2024	14,224	997	1,061	696	130.1	49	May 13, 2024	J-GAAP
Mar, 2025 Guidance	15,000	1,050	1,090	720	134.3	49	May 13, 2024	J-GAAP
YoY	+5.5%	+5.3%	+2.7%	+3.4%	+3.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,553	299	312	210	39.3	8.4	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	3,587	338	353	239	44.7	9.4	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	3,636	206	221	131	24.5	5.7	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,582	228	247	162	30.3	6.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,652	268	288	194	36.3	7.3	Nov 11, 2024	J-GAAP
YoY	+2.8%	-10.4%	-7.7%	-7.6%	-7.8%