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

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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	139.3	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%