EXTREME CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 10% Increase, Adds to Record High Profit, Dividend Revised Upward by 14 yen

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Wed Nov 13, 2024 1:30 pm JST Earnings

6033 EXTREME CO.,LTD. 【J-GAAP】

Earnings Report

EXTREME CO.,LTD. <6033> [TSE-G] announced its financial results in the afternoon session on November 13th (13:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 9.9% from the same period last year to 799 million yen.

However, the full-year consolidated ordinary profit has been revised upward by 52.4%, from the previous forecast of 1.05 billion yen to 1.6 billion yen (compared to 1.44 billion yen in the previous period), record profits reach two consecutive terms, turning to a 10.5% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 42.8% from the same period last year, reaching 801 million yen.

In light of the strong performance, the company has significantly increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 26 yen to 40 yen (compared to 38 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 5.7% from the same period last year, reaching 405 million yen. The operating profit margin jumped from 11.3% in the same period last year to 17.5%.

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	4,060	452	606	415	75.7	51.6	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	4,839	645	887	579	105.4	61.3	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	5,597	819	799	535	98.3	49.9	Nov 13, 2024	J-GAAP
YoY	+15.7%	+27.0%	-9.9%	-7.6%	-6.7%

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	－	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	5,597	819	799	535	98.3	0	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	11,000	1,000	1,050	710	132.8	26	May 14, 2024	J-GAAP
Mar, 2025 New	11,650	1,500	1,600	1,080	201.9	40	Nov 13, 2024	J-GAAP
Revision Rate	+5.9%	+50.0%	+52.4%	+52.1%	+52.1%

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	5,378	452	561	455	82.7	38	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,053	681	801	545	101.9	40	Nov 13, 2024	J-GAAP
YoY	+12.6%	+50.7%	+42.8%	+19.8%	+23.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	8,816	1,024	1,174	814	148.2	30	May 12, 2023	J-GAAP
Mar, 2024	10,217	1,097	1,448	1,034	188.0	38	May 14, 2024	J-GAAP
Mar, 2025 Guidance	11,650	1,500	1,600	1,080	201.9	40	Nov 13, 2024	J-GAAP
YoY	+14.0%	+36.7%	+10.5%	+4.4%	+7.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	2,372	269	383	262	47.7	11.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	2,644	249	209	142	25.8	9.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,734	203	352	313	56.9	7.4	May 14, 2024	J-GAAP
Apr - Jun, 2024	2,380	257	394	249	45.6	10.8	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	3,217	562	405	286	52.6	17.5	Nov 13, 2024	J-GAAP
YoY	+35.6%	+108.9%	+5.7%	+9.2%	+10.2%