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RHEON AUTOMATIC MACHINERY CO., LTD., First Half Ordinary Profit Increases by 15%

Tue Nov 12, 2024 3:30 pm JST Earnings

6272 RHEON AUTOMATIC MACHINERY CO., LTD. 【J-GAAP】

Earnings Report

RHEON AUTOMATIC MACHINERY CO., LTD. <6272> [TSE-P] 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) increased by 15.5% from the same period last year, reaching 2.72 billion yen. The progress rate against the 5.45 billion yen full-year plan was 50.0%, it was below the five-year average of 54.5%.

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 grow by 3.7% from the same period last year, reaching 2.72 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 10.9% from the same period last year, reaching 1.64 billion yen. The operating profit margin rose from 14.7% in the same period last year to 17.5%.

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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 17,337 853 992 821 30.6 30.9 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 18,177 2,279 2,362 1,880 70.1 47.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 19,693 2,764 2,727 1,889 70.4 50.0 Nov 12, 2024 J-GAAP
YoY +8.3% +21.3% +15.5% +0.5% +0.4%

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 18,200 2,400 2,450 1,700 63.3 21 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 19,693 2,764 2,727 1,889 70.4 21 Nov 12, 2024 J-GAAP
Revision Rate +8.2% +15.2% +11.3% +11.1% +11.2%

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 19,526 2,604 2,625 1,795 66.9 22 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 19,257 2,616 2,723 1,861 69.2 21 Nov 12, 2024 J-GAAP
YoY -1.4% +0.5% +3.7% +3.7% +3.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 35,269 3,007 3,209 2,737 102.1 31 May 22, 2023 J-GAAP
Mar, 2024 37,703 4,883 4,987 3,675 137.0 42 May 14, 2024 J-GAAP
Mar, 2025 Guidance 38,950 5,380 5,450 3,750 139.4 42 May 14, 2024 J-GAAP
YoY +3.3% +10.2% +9.3% +2.0% +1.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,043 1,477 1,486 1,304 48.6 14.7 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 9,014 1,149 1,160 961 35.8 12.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 10,512 1,455 1,465 834 31.1 13.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 9,523 980 1,079 735 27.4 10.3 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 10,170 1,784 1,648 1,154 43.0 17.5 Nov 12, 2024 J-GAAP
YoY +1.3% +20.8% +10.9% -11.5% -11.6%

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