GENETEC CORPORATION, July-September (2Q) Ordinary Profit Decreases by 5%

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Thu Nov 14, 2024 12:00 pm JST Earnings

4492 GENETEC CORPORATION 【J-GAAP】

Earnings Report

GENETEC CORPORATION <4492> [TSE-S] announced its financial results at noon (12:00) on November 14th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 354 million yen, an increase of 80.6% compared to the same period last year. However, The progress rate against the 800 million yen full-year plan was 44.3%, almost the same as the four-year average of 44.7%.

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 1.6% from the same period last year, reaching 446 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 205 million yen, a 5.1% decrease compared to the same period last year. The operating profit margin decreased from 12.4% in the same period last year to 10.2%.

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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	2,537	-150	-162	-131	-11.6	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	3,159	196	196	119	10.5	30.9	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	3,993	358	354	185	16.2	44.3	Nov 14, 2024	J-GAAP
YoY	+26.4%	+82.7%	+80.6%	+55.5%	+54.2%

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	3,993	358	354	185	16.2	8	Nov 6, 2024	J-GAAP
Apr - Sep, 2024 Results	3,993	358	354	185	16.2	8	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	+0.4%

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	3,988	433	439	295	26.0	14.50	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	4,507	462	446	285	24.9	10	Nov 6, 2024	J-GAAP
YoY	+13.0%	+6.7%	+1.6%	-3.4%	-4.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	5,864	105	111	23	2.1	3.33	May 15, 2023	J-GAAP
Mar, 2024	7,147	629	635	414	36.5	17.83	May 15, 2024	J-GAAP
Mar, 2025 Guidance	8,500	820	800	470	41.1	18	Nov 6, 2024	J-GAAP
YoY	+18.9%	+30.4%	+26.0%	+13.5%	+12.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,720	213	216	138	12.2	12.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,774	105	112	79	7.0	5.9	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,214	328	327	216	19.0	14.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,014	157	149	52	4.6	7.8	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	1,979	201	205	133	11.7	10.2	Nov 14, 2024	J-GAAP
YoY	+15.1%	-5.6%	-5.1%	-3.6%	-4.3%