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VIS co. ltd., First Half Ordinary Profit Increases by 87%

Wed Nov 13, 2024 4:00 pm JST Earnings

5071 VIS co. ltd. 【J-GAAP】

Earnings Report

VIS co. ltd. <5071> [TSE-S] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 970 million yen, an increase of 87.3% compared to the same period last year, exceeded the previous forecast of 549 million yen.

The progress rate against the 1.54 billion yen full-year plan was 62.9%, also surpassing the five-year average of 36.0%.

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 drop by 42.2% from the same period last year to 572 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.1 times that of the same period last year, reaching 553 million yen. The operating profit margin significantly improved from 8.1% in the same period last year to 12.8%.

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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 6,867 661 653 436 53.2 51.7 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 6,400 526 518 328 40.0 34.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 7,972 976 970 640 77.3 62.9 Nov 13, 2024 J-GAAP
YoY +24.6% +85.6% +87.3% +95.1% +93.4%

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 6,846 558 549 350 42.2 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 7,972 976 970 640 77.3 0 Nov 13, 2024 J-GAAP
Revision Rate +16.4% +74.9% +76.7% +82.9% +83.1%

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 7,999 997 989 663 80.6 36 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,055 583 572 348 41.7 36 Nov 13, 2024 J-GAAP
YoY -11.8% -41.5% -42.2% -47.5% -48.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 13,219 1,279 1,263 856 104.3 21 May 12, 2023 J-GAAP
Mar, 2024 14,399 1,523 1,507 991 120.4 36 May 15, 2024 J-GAAP
Mar, 2025 Guidance 15,027 1,559 1,542 988 118.3 36 May 15, 2024 J-GAAP
YoY +4.4% +2.4% +2.3% -0.3% -1.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,355 273 268 169 20.6 8.1 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,513 376 371 234 28.5 10.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 4,486 621 618 429 52.1 13.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,642 420 417 277 33.5 11.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,330 556 553 363 43.8 12.8 Nov 13, 2024 J-GAAP
YoY +29.1% +103.7% +106.3% +114.8% +112.9%

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