StemCell Institute, First Half Ordinary Profit Increases by 22%

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Tue Nov 12, 2024 3:30 pm JST Earnings

7096 StemCell Institute 【J-GAAP】

Earnings Report

StemCell Institute <7096> [TSE-G] announced its financial results after the market closed on November 12th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 22.2% from the same period last year, reaching 264 million yen. However, The progress rate against the 600 million yen full-year plan was 44.0%, also falling below the four-year average of 51.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to expand by 67.2% from the same period last year, reaching 336 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 11.1% from the same period last year, reaching 140 million yen. However, the operating profit margin decreased from 20.0% in the same period last year to 19.4%.

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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	1,036	163	164	110	10.8	54.7	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	1,213	215	216	159	15.6	51.8	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	1,373	258	264	271	26.5	44.0	Nov 12, 2024	J-GAAP
YoY	+13.2%	+20.0%	+22.2%	+70.4%	+70.2%

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	－	25	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	1,373	258	264	271	26.5	25	Nov 12, 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	1,268	198	201	151	14.8	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,627	342	336	229	22.4	0	Nov 12, 2024	J-GAAP
YoY	+28.3%	+72.7%	+67.2%	+51.7%	+51.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,091	297	300	198	19.3	0	May 11, 2023	J-GAAP
Mar, 2024	2,481	413	417	310	30.4	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	3,000	600	600	500	48.8	25	May 14, 2024	J-GAAP
YoY	+20.9%	+45.3%	+43.9%	+61.3%	+60.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	636	127	126	84	8.2	20.0	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	671	141	142	95	9.3	21.0	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	597	57	59	56	5.5	9.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	678	123	124	178	17.4	18.1	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	695	135	140	93	9.1	19.4	Nov 12, 2024	J-GAAP
YoY	+9.3%	+6.3%	+11.1%	+10.7%	+10.6%