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Business Engineering Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 2%, Adds to Record High Profit Forecast

Tue Nov 12, 2024 11:00 am JST Earnings

4828 Business Engineering Corporation 【J-GAAP】

Earnings Report

Business Engineering Corporation <4828> [TSE-P] announced its financial results in the morning on November 12th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 14.3% from the same period last year, reaching 2.43 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 2.4%, from the previous forecast of 4.2 billion yen to 4.3 billion yen (compared to 3.87 billion yen in the previous period), increasing the growth rate from 8.3% to 10.9%, further surpassing the previous forecast of record-high profits for nine consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 6.8% from the same period last year, reaching 1.87 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 11.8% from the same period last year, reaching 1.24 billion yen. The operating profit margin rose from 21.8% in the same period last year to 24.8%.

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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 8,859 1,614 1,620 1,090 90.9 49.8 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 9,808 2,114 2,126 1,443 120.4 54.8 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 10,092 2,417 2,430 1,658 138.5 56.5 Nov 12, 2024 J-GAAP
YoY +2.9% +14.3% +14.3% +14.9% +15.0%

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 10,300 2,150 2,150 1,470 122.8 42 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 10,092 2,417 2,430 1,658 138.5 42 Nov 12, 2024 J-GAAP
Revision Rate -2.0% +12.4% +13.0% +12.8% +12.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 20,500 4,200 4,200 2,850 238.0 84 May 10, 2024 J-GAAP
Mar, 2025 New 20,500 4,300 4,300 2,900 242.2 84 Nov 12, 2024 J-GAAP
Revision Rate 0.0% +2.4% +2.4% +1.8% +1.8%

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 9,685 1,771 1,751 1,182 98.7 46 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 10,408 1,883 1,870 1,242 103.7 42 Nov 12, 2024 J-GAAP
YoY +7.5% +6.3% +6.8% +5.1% +5.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 18,506 3,246 3,250 2,328 194.0 64 May 12, 2023 J-GAAP
Mar, 2024 19,493 3,885 3,877 2,625 219.1 78 May 10, 2024 J-GAAP
Mar, 2025 Guidance 20,500 4,300 4,300 2,900 242.2 84 Nov 12, 2024 J-GAAP
YoY +5.2% +10.7% +10.9% +10.5% +10.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,105 1,114 1,115 759 63.3 21.8 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4,781 1,008 1,006 689 57.5 21.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,904 763 745 493 41.2 15.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,042 1,167 1,183 803 67.1 23.1 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 5,050 1,250 1,247 855 71.4 24.8 Nov 12, 2024 J-GAAP
YoY -1.1% +12.2% +11.8% +12.6% +12.8%

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