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Rasa Corporation, July-September (2Q) Ordinary Profit Increases by 10%

Tue Nov 12, 2024 3:30 pm JST Earnings

3023 Rasa Corporation 【J-GAAP】

Earnings Report

Rasa Corporation <3023> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 12.4% from the same period last year to 856 million yen. The progress rate against the 2.5 billion yen full-year plan was 34.2%, almost the same as the five-year average of 35.4%.

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 10.6% from the same period last year to 1.64 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 10.2% from the same period last year, reaching 561 million yen. The operating profit margin improved from 6.9% in the same period last year to 8.0%.

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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 13,545 950 1,017 670 57.8 34.1 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 13,147 875 977 691 61.7 34.7 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 11,838 711 856 635 57.7 34.2 Nov 12, 2024 J-GAAP
YoY -10.0% -18.7% -12.4% -8.1% -6.5%

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 11,700 620 750 530 48.7 34 Sep 27, 2024 J-GAAP
Apr - Sep, 2024 Results 11,838 711 856 635 57.7 34 Nov 12, 2024 J-GAAP
Revision Rate +1.2% +14.7% +14.1% +19.8% +18.5%

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 14,769 1,622 1,839 1,306 116.4 34 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 15,862 1,589 1,644 1,265 117.8 34 Nov 12, 2024 J-GAAP
YoY +7.4% -2.0% -10.6% -3.1% +1.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 29,656 2,853 2,984 2,114 184.0 68 May 12, 2023 J-GAAP
Mar, 2024 27,916 2,497 2,816 1,997 178.0 68 May 14, 2024 J-GAAP
Mar, 2025 Guidance 27,700 2,300 2,500 1,900 176.9 68 May 14, 2024 J-GAAP
YoY -0.8% -7.9% -11.2% -4.9% -0.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 6,570 454 509 364 32.5 6.9 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 6,733 389 477 263 23.5 5.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 8,036 1,233 1,362 1,043 93.0 15.3 May 14, 2024 J-GAAP
Apr - Jun, 2024 5,615 212 295 215 19.4 3.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 6,223 499 561 420 38.2 8.0 Nov 12, 2024 J-GAAP
YoY -5.3% +9.9% +10.2% +15.4% +17.4%

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