ViSCO Technologies Corporation, First Half Ordinary Profit Turns to Profit

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Wed Nov 13, 2024 3:30 pm JST Earnings

6698 ViSCO Technologies Corporation 【J-GAAP】

Earnings Report

ViSCO Technologies Corporation <6698> [TSE-S] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 91 million yen (compared to a loss of 65 million yen in the same period last year). The progress rate against the 200 million yen full-year plan was 45.5%, exceeding the five-year average of 35.5%.

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 78.7% from the same period last year, reaching 109 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 43 million yen, an increase of 2.4% compared to the same period last year. The operating profit/loss margin drastically improved from -5.3% in the same period last year to 5.6%.

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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	1,559	0	15	-23	-3.8	6.1	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	1,453	-153	-65	-37	-6.1	ー	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	1,703	88	91	-115	-19.6	45.5	Nov 13, 2024	J-GAAP
YoY	+17.2%	－	－	-210.8%	-221.1%

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	－	0	Aug 8, 2024	J-GAAP
Apr - Sep, 2024 Results	1,703	88	91	-115	-19.6	0	Nov 13, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	1,750	62	61	-131	-21.9	10	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	2,017	112	109	128	21.6	0	Nov 13, 2024	J-GAAP
YoY	+15.3%	+80.6%	+78.7%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,524	229	244	102	16.6	8	May 10, 2023	J-GAAP
Mar, 2024	3,203	-91	-4	-168	-28.1	10	May 13, 2024	J-GAAP
Mar, 2025 Guidance	3,720	200	200	13	2.2	0	Aug 8, 2024	J-GAAP
YoY	+16.1%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	795	-42	42	40	6.6	-5.3	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	856	8	8	-191	-31.7	0.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	894	54	53	60	10.0	6.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	839	40	48	-3	-0.6	4.8	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	864	48	43	-112	-19.1	5.6	Nov 13, 2024	J-GAAP
YoY	+8.7%	－	+2.4%	－	－