Rentracks CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Upward by 33%, Highest in Two Terms

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Thu Nov 14, 2024 3:00 pm JST Earnings

6045 Rentracks CO.,LTD. 【J-GAAP】

Earnings Report

Rentracks CO.,LTD. <6045> [TSE-G] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 599 million yen, an increase of 88.4% compared to the same period last year, exceeded the previous forecast of 377 million yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 32.6%, from the previous forecast of 865 million yen to 1.14 billion yen (compared to 648 million yen in the previous period), increasing the growth rate from 33.5% to 77.0%, reaches new record high for the first time in two terms.

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 expand by 66.1% from the same period last year, reaching 548 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 34.6% from the same period last year, reaching 323 million yen. The operating profit margin rose from 29.9% in the same period last year to 35.1%.

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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	1,621	574	568	324	41.4	52.6	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	1,633	324	318	164	20.9	49.1	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	1,912	605	599	421	53.6	52.2	Nov 14, 2024	J-GAAP
YoY	+17.1%	+86.7%	+88.4%	+156.7%	+156.6%

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	1,611	385	377	196	25.0	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	1,912	605	599	421	53.6	0	Nov 14, 2024	J-GAAP
Revision Rate	+18.7%	+57.1%	+58.9%	+114.8%	+114.9%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	3,459	885	865	467	59.4	23	Aug 14, 2024	J-GAAP
Mar, 2025 New	3,808	1,165	1,147	719	91.5	23	Nov 14, 2024	J-GAAP
Revision Rate	+10.1%	+31.6%	+32.6%	+54.0%	+54.0%

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	1,662	329	330	175	22.3	22	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,896	560	548	298	37.9	23	Nov 14, 2024	J-GAAP
YoY	+14.1%	+70.2%	+66.1%	+70.3%	+69.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,296	1,096	1,079	198	25.3	21	May 15, 2023	J-GAAP
Mar, 2024	3,295	653	648	339	43.3	22	May 15, 2024	J-GAAP
Mar, 2025 Guidance	3,808	1,165	1,147	719	91.5	23	Nov 14, 2024	J-GAAP
YoY	+15.6%	+78.4%	+77.0%	+112.1%	+111.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	817	244	240	128	16.3	29.9	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	782	133	125	141	18.0	17.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	880	196	205	34	4.3	22.3	May 15, 2024	J-GAAP
Apr - Jun, 2024	967	273	276	208	26.6	28.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	945	332	323	213	27.1	35.1	Nov 14, 2024	J-GAAP
YoY	+15.7%	+36.1%	+34.6%	+66.4%	+66.3%