Starzen Company Limited, First Half Ordinary Profit Decreases by 23%, Current Fiscal Year Dividend Revised Upward by 20 yen

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Thu Nov 14, 2024 2:00 pm JST Earnings

8043 Starzen Company Limited 【J-GAAP】

Earnings Report

Starzen Company Limited <8043> [TSE-P] announced its financial results in the afternoon session on November 14th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 23.0% from the same period last year to 3.66 billion yen. The progress rate against the 10.8 billion yen full-year plan was 34.0%, also falling below the five-year average of 43.1%.

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 18.5% from the same period last year, reaching 7.13 billion yen.

At the same time, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 90 yen to 110 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.13 billion yen, a 23.5% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 1.1% in the same period last year to 0.9%.

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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	211,174	3,461	4,367	3,056	156.9	42.5	Nov 10, 2022	J-GAAP
Apr - Sep, 2023	203,117	3,597	4,765	3,429	176.6	44.2	Jan 15, 2024	J-GAAP
Apr - Sep, 2024	213,494	3,232	3,667	2,502	128.6	34.0	Nov 14, 2024	J-GAAP
YoY	+5.1%	-10.1%	-23.0%	-27.0%	-27.2%

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 10, 2024	J-GAAP
Apr - Sep, 2024 Results	213,494	3,232	3,667	2,502	128.6	－	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	412,000	9,400	10,800	11,000	564.7	90	May 10, 2024	J-GAAP
Mar, 2025 New	412,000	9,400	10,800	11,000	564.7	110	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

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	207,417	5,381	6,017	4,083	210.2	80	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	198,506	6,168	7,133	8,498	436.2	110	Nov 14, 2024	J-GAAP
YoY	-4.3%	+14.6%	+18.5%	+108.1%	+107.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	425,173	8,162	10,284	7,483	384.0	75	May 11, 2023	J-GAAP
Mar, 2024	410,534	8,978	10,782	7,512	386.6	80	May 10, 2024	J-GAAP
Mar, 2025 Guidance	412,000	9,400	10,800	11,000	564.7	110	Nov 14, 2024	J-GAAP
YoY	+0.4%	+4.7%	+0.2%	+46.4%	+46.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	101,156	1,113	1,486	1,000	51.5	1.1	Jan 15, 2024	J-GAAP
Oct - Dec, 2023	112,596	3,992	4,359	2,969	152.8	3.5	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	94,821	1,389	1,658	1,114	57.3	1.5	May 10, 2024	J-GAAP
Apr - Jun, 2024	105,082	2,244	2,530	1,735	89.3	2.1	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	108,412	988	1,137	767	39.4	0.9	Nov 14, 2024	J-GAAP
YoY	+7.2%	-11.2%	-23.5%	-23.3%	-23.4%