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

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%

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