R&D COMPUTER CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 27% Decrease

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.

Wed Nov 13, 2024 3:00 pm JST Earnings

3924 R&D COMPUTER CO.,LTD. 【J-GAAP】

Earnings Report

R&D COMPUTER CO.,LTD. <3924> [TSE-P] announced its financial results in the afternoon session on November 13th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 36.1% from the same period last year to 495 million yen, fell short of the previous forecast of 655 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 33.4%, from the previous forecast of 1.9 billion yen to 1.26 billion yen (compared to 1.74 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 27.4% decrease in profit.

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 decrease by 20.5% from the same period last year to 770 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 371 million yen, a 29.1% decrease compared to the same period last year. The operating profit margin decreased from 14.4% in the same period last year to 10.1%.

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	5,404	442	452	269	15.0	36.5	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	6,465	761	775	525	29.4	44.5	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	6,754	479	495	365	20.4	39.1	Nov 13, 2024	J-GAAP
YoY	+4.5%	-37.1%	-36.1%	-30.5%	-30.8%

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	6,750	640	655	470	26.2	18	Aug 13, 2024	J-GAAP
Apr - Sep, 2024 Results	6,754	479	495	365	20.4	18	Nov 13, 2024	J-GAAP
Revision Rate	+0.1%	-25.2%	-24.4%	-22.3%	-22.2%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	14,420	1,860	1,900	1,267	70.6	36	May 14, 2024	J-GAAP
Mar, 2025 New	14,200	1,230	1,265	840	46.8	36	Nov 13, 2024	J-GAAP
Revision Rate	-1.5%	-33.9%	-33.4%	-33.7%	-33.7%

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	7,267	968	968	708	39.5	25	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	7,446	751	770	475	26.5	18	Nov 13, 2024	J-GAAP
YoY	+2.5%	-22.4%	-20.5%	-32.9%	-33.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	11,578	1,222	1,238	772	43.0	17.50	May 12, 2023	J-GAAP
Mar, 2024	13,732	1,729	1,743	1,233	68.7	35	May 14, 2024	J-GAAP
Mar, 2025 Guidance	14,200	1,230	1,265	840	46.8	36	Nov 13, 2024	J-GAAP
YoY	+3.4%	-28.9%	-27.4%	-31.9%	-31.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,621	523	523	362	20.3	14.4	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	3,364	429	431	279	15.5	12.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	3,903	539	537	429	23.9	13.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	3,097	109	124	80	4.5	3.5	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	3,657	370	371	285	15.9	10.1	Nov 13, 2024	J-GAAP
YoY	+1.0%	-29.3%	-29.1%	-21.3%	-21.6%