Remixpoint,inc., The Current Fiscal Year Ordinary Profit Revised Upward by 23%

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Thu Nov 14, 2024 12:00 pm JST Earnings

3825 Remixpoint,inc. 【J-GAAP】

Earnings Report

Remixpoint,inc. <3825> [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) dropped by 38.7% from the same period last year to 508 million yen.

However, the full-year consolidated ordinary profit has been revised upward by 23.4%, from the previous forecast of 640 million yen to 790 million yen (compared to 1.75 billion yen in the previous period), and the declining rate is expected to decrease from 63.6% to 55.1%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 69.6% from the same period last year to 282 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 467 million yen, a 24.2% decrease compared to the same period last year. The operating profit margin significantly dropped from 10.7% in the same period last year to 7.2%.

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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	15,669	-513	-356	3,946	32.8	ー	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	10,155	868	829	900	7.6	47.2	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	11,269	551	508	427	3.6	64.3	Nov 14, 2024	J-GAAP
YoY	+11.0%	-36.5%	-38.7%	-52.6%	-53.2%

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	ー	ー	ー	ー	－	－	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	11,269	551	508	427	3.6	0	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	21,000	640	640	600	5.0	－	May 14, 2024	J-GAAP
Mar, 2025 New	24,200	835	790	685	5.7	－	Nov 14, 2024	J-GAAP
Revision Rate	+15.2%	+30.5%	+23.4%	+14.2%	+14.0%

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	10,332	875	929	170	1.4	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	12,931	284	282	258	2.1	－	Nov 14, 2024	J-GAAP
YoY	+25.2%	-67.5%	-69.6%	+51.8%	+49.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	32,789	-1,850	-1,722	3,267	27.3	2	May 12, 2023	J-GAAP
Mar, 2024	20,487	1,743	1,758	1,070	9.0	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	24,200	835	790	685	5.7	－	Nov 14, 2024	J-GAAP
YoY	+18.1%	-52.1%	-55.1%	-36.0%	-36.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,852	627	616	650	5.5	10.7	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	4,781	402	465	439	3.7	8.4	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	5,551	473	464	-269	-2.3	8.5	May 14, 2024	J-GAAP
Apr - Jun, 2024	4,307	53	41	19	0.2	1.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	6,962	498	467	408	3.4	7.2	Nov 14, 2024	J-GAAP
YoY	+19.0%	-20.6%	-24.2%	-37.2%	-38.1%