Restar Corporation, July-September (2Q) Ordinary Profit Decreases by 50%

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Wed Nov 13, 2024 4:00 pm JST Earnings

3156 Restar Corporation 【J-GAAP】

Earnings Report

Restar Corporation <3156> [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) increased by 16.8% from the same period last year, reaching 4.62 billion yen. However, The progress rate against the 10.5 billion yen full-year plan was 44.0%, also falling below the five-year average of 54.2%.

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 grow by 2.5% from the same period last year, reaching 5.87 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1.09 billion yen, a 50.5% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 1.6%.

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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	239,795	8,445	8,474	4,613	153.5	70.4	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	245,264	7,098	3,955	3,367	112.0	40.8	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	273,042	6,826	4,621	4,391	146.1	44.0	Nov 13, 2024	J-GAAP
YoY	+11.3%	-3.8%	+16.8%	+30.4%	+30.4%

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	ー	ー	ー	ー	－	60	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	273,042	6,826	4,621	4,391	146.1	60	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	267,220	8,832	5,735	3,637	121.0	60	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	286,958	9,174	5,879	3,609	128.4	60	Nov 13, 2024	J-GAAP
YoY	+7.4%	+3.9%	+2.5%	-0.8%	+6.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	487,129	14,423	12,043	7,085	235.6	115	May 12, 2023	J-GAAP
Mar, 2024	512,484	15,930	9,690	7,004	233.0	115	May 13, 2024	J-GAAP
Mar, 2025 Guidance	560,000	16,000	10,500	8,000	284.5	120	May 13, 2024	J-GAAP
YoY	+9.3%	+0.4%	+8.4%	+14.2%	+22.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	125,701	4,343	2,203	2,684	89.3	3.5	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	129,618	4,218	2,265	1,406	46.8	3.3	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	137,602	4,614	3,470	2,231	74.2	3.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	135,425	4,624	3,530	3,013	100.2	3.4	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	137,617	2,202	1,091	1,378	45.8	1.6	Nov 13, 2024	J-GAAP
YoY	+9.5%	-49.3%	-50.5%	-48.7%	-48.7%