VISION INC., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 16%

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Wed Nov 13, 2024 3:30 pm JST Earnings

9416 VISION INC. 【J-GAAP】

Earnings Report

VISION INC. <9416> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 16.2% from the same period last year, reaching 4.37 billion yen. The progress rate against the 5.73 billion yen full-year plan was 76.2%, it was below the five-year average of 84.4%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to surge by 2.4 times that of the same period last year, reaching 1.36 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew by 24.2% from the same period last year, reaching 1.61 billion yen. The operating profit margin rose from 15.5% in the same period last year to 17.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	18,478	1,949	1,954	1,270	26.3	80.7	Nov 10, 2022	J-GAAP
Jan - Sep, 2023	23,953	3,717	3,764	2,514	51.4	86.8	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	26,111	4,317	4,373	2,869	59.3	76.2	Nov 13, 2024	J-GAAP
YoY	+9.0%	+16.1%	+16.2%	+14.1%	+15.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	16,187	1,852	1,875	1,411	28.9	0	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	19,124	2,987	2,982	2,012	41.5	14	Aug 9, 2024	J-GAAP
YoY	+18.1%	+61.3%	+59.0%	+42.6%	+43.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	25,487	2,414	2,422	1,548	32.0	0	Feb 14, 2023	J-GAAP
Dec, 2023	31,807	4,280	4,337	3,025	61.9	0	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	36,145	5,707	5,738	3,797	78.3	27	Jun 21, 2024	J-GAAP
YoY	+13.6%	+33.3%	+32.3%	+25.5%	+26.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,333	1,289	1,302	900	18.4	15.5	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	7,854	563	573	511	10.5	7.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	8,581	1,524	1,553	1,019	21.1	17.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	8,440	1,196	1,203	766	15.9	14.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	9,090	1,597	1,617	1,084	22.4	17.6	Nov 13, 2024	J-GAAP
YoY	+9.1%	+23.9%	+24.2%	+20.4%	+21.9%