ZOA CORPORATION, First Half Ordinary Profit Revised Downward to an Unexpected 24%Decrease, Current Fiscal Year Dividend Revised Upward by 12 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Nov 12, 2024 3:30 pm JST Earnings

3375 ZOA CORPORATION 【J-GAAP】

Earnings Report

ZOA CORPORATION <3375> [TSE-S] 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) decreased by 23.8% from the same period last year to 192 million yen, resulting in a decrease in profits compared to the previous forecast of a 3.2% increase.

The progress rate against the 510 million yen full-year plan was 37.6%, also falling below the five-year average of 52.5%.

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 83.8% from the same period last year, reaching 318 million yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 58 yen to 70 yen (compared to 58 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the ordinary profit dropped to 65 million yen, a 42.5% decrease compared to the same period last year. The operating profit margin worsened from 5.0% in the same period last year to 3.2%.

Kabutan News

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	4,719	284	289	201	138.9	53.0	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	4,229	249	252	177	141.5	59.3	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	4,470	189	192	132	105.9	37.6	Nov 12, 2024	J-GAAP
YoY	+5.7%	-24.1%	-23.8%	-25.4%	-25.2%

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	4,300	255	260	180	143.3	0	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	4,470	189	192	132	105.9	0	Nov 12, 2024	J-GAAP
Revision Rate	+4.0%	-25.9%	-26.2%	-26.7%	-26.1%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	9,000	500	510	350	278.7	58	May 10, 2024	J-GAAP
Mar, 2025 New	9,000	500	510	350	278.7	70	Nov 12, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	4,369	170	173	116	92.7	58	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,530	311	318	218	173.6	70	Nov 12, 2024	J-GAAP
YoY	+3.7%	+82.9%	+83.8%	+87.9%	+87.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	9,726	537	545	372	261.7	58	May 12, 2023	J-GAAP
Mar, 2024	8,598	419	425	293	234.0	58	May 10, 2024	J-GAAP
Mar, 2025 Guidance	9,000	500	510	350	278.7	70	Nov 12, 2024	J-GAAP
YoY	+4.7%	+19.3%	+20.0%	+19.5%	+19.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,235	112	113	81	64.8	5.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	2,082	102	105	74	59.2	4.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	2,287	68	68	42	33.6	3.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	2,440	124	127	87	70.0	5.1	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	2,030	65	65	45	36.1	3.2	Nov 12, 2024	J-GAAP
YoY	-9.2%	-42.0%	-42.5%	-44.4%	-44.2%