Virtualex Holdings,Inc., July-September (2Q) Ordinary Profit Increases by 45%

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Tue Nov 12, 2024 4:00 pm JST Earnings

6193 Virtualex Holdings,Inc. 【J-GAAP】

Earnings Report

Virtualex Holdings,Inc. <6193> [TSE-G] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 14 million yen (compared to a profit of 163 million yen in the same period last year).

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 expand by 49.1% from the same period last year, reaching 434 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 44.6% from the same period last year, reaching 120 million yen. The operating profit margin significantly improved from 3.9% in the same period last year to 7.6%.

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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	3,242	251	258	185	63.5	51.9	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	3,437	146	163	110	37.6	35.9	Nov 9, 2023	J-GAAP
Apr - Sep, 2024	3,130	41	-14	-1	-0.5	ー	Nov 12, 2024	J-GAAP
YoY	-8.9%	-71.9%	－	－	－

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	3,100	0	-60	-40	-14.2	0	Aug 13, 2024	J-GAAP
Apr - Sep, 2024 Results	3,130	41	-14	-1	-0.5	0	Nov 12, 2024	J-GAAP
Revision Rate	+1.0%	－	+76.7%	+97.5%	+96.4%

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	3,255	225	291	92	31.6	15	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,920	381	434	271	96.3	15	Nov 12, 2024	J-GAAP
YoY	+20.4%	+69.3%	+49.1%	+194.6%	+204.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	6,798	576	497	635	217.7	15	May 11, 2023	J-GAAP
Mar, 2024	6,692	371	454	202	69.4	15	May 13, 2024	J-GAAP
Mar, 2025 Guidance	7,050	422	420	270	96.0	15	May 13, 2024	J-GAAP
YoY	+5.3%	+13.7%	-7.5%	+33.7%	+38.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,686	65	83	60	20.5	3.9	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	1,655	112	111	-15	-5.2	6.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,600	113	180	107	36.8	7.1	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,503	-82	-134	-86	-30.1	-5.5	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	1,627	123	120	85	43.4	7.6	Nov 12, 2024	J-GAAP
YoY	-3.5%	+89.2%	+44.6%	+41.7%	+111.4%