RIKEN VITAMIN CO.,LTD., First Half Ordinary Profit Decreases by 8%

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Wed Nov 13, 2024 4:00 pm JST Earnings

4526 RIKEN VITAMIN CO.,LTD. 【J-GAAP】

Earnings Report

RIKEN VITAMIN CO.,LTD. <4526> [TSE-P] 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) decreased by 8.3% from the same period last year to 4.78 billion yen. However, The progress rate against the 9 billion yen full-year plan was 53.2%, also surpassing the five-year average of 49.8%.

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 decrease by 17.0% from the same period last year to 4.21 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.85 billion yen, a 16.3% decrease compared to the same period last year. The operating profit margin worsened from 9.5% in the same period last year to 8.9%.

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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	43,631	3,557	4,149	3,146	95.9	53.7	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	44,613	4,596	5,220	3,667	111.7	50.7	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	47,149	4,626	4,786	3,255	107.2	53.2	Nov 13, 2024	J-GAAP
YoY	+5.7%	+0.7%	-8.3%	-11.2%	-4.0%

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	45,500	4,000	4,300	3,300	108.7	40.50	May 10, 2024	J-GAAP
Apr - Sep, 2024 Results	47,149	4,626	4,786	3,255	107.2	40.50	Nov 13, 2024	J-GAAP
Revision Rate	+3.6%	+15.7%	+11.3%	-1.4%	-1.4%

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	46,871	4,775	5,076	5,088	156.0	50.50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	45,351	3,874	4,214	4,845	159.6	40.50	Nov 13, 2024	J-GAAP
YoY	-3.2%	-18.9%	-17.0%	-4.8%	+2.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	88,750	7,158	7,723	6,414	195.5	59	May 12, 2023	J-GAAP
Mar, 2024	91,484	9,371	10,296	8,755	268.4	81	May 10, 2024	J-GAAP
Mar, 2025 Guidance	92,500	8,500	9,000	8,100	266.8	81	May 10, 2024	J-GAAP
YoY	+1.1%	-9.3%	-12.6%	-7.5%	-0.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	22,424	2,120	2,222	1,599	48.7	9.5	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	24,445	3,064	3,176	2,413	73.5	12.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	22,426	1,711	1,900	2,675	82.0	7.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	23,626	2,522	2,927	2,370	78.1	10.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	23,523	2,104	1,859	885	29.2	8.9	Nov 13, 2024	J-GAAP
YoY	+4.9%	-0.8%	-16.3%	-44.7%	-40.2%