IMAGE MAGIC Inc., The Current Fiscal Year Ordinary Profit Revised Upward by 2.5 times, Highest in Three Terms, Dividend Revised to 30 yen

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Thu Nov 14, 2024 3:00 pm JST Earnings

7793 IMAGE MAGIC Inc. 【J-GAAP】

Earnings Report

IMAGE MAGIC Inc. <7793> [TSE-G] announced its financial results in the afternoon session on November 14th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 374 million yen.

In addition, the full-year ordinary profit has been revised upward by 2.5 times, from the previous forecast of 148 million yen to 377 million yen, reaches new record high for the first time in three terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the July to December period (second half) is expected to increase by 116 times, from the previous forecast of 2 million yen to 231 million yen.

In light of the strong performance, the company, which had previously planned no dividend for the current fiscal year, has decided to implement a year-end lump-sum dividend of 30 yen (compared to no dividend in the prior term).

In the most recent three-month period, from July to September (3Q), the ordinary profit amounted to 228 million yen, an increase of 3.1 times compared to the same period last year.

Note: Due to a change in the fiscal year ending December 2023 (8-month fiscal year), comparisons with the same period in the previous year are not provided since there is no corresponding period.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
May - Jan, 2022	3,972	62	69	29	12.8	90.8	Mar 17, 2023	J-GAAP
May - Dec, 2023 Changed	4,376	344	342	220	95.3	ー	Feb 14, 2024	J-GAAP
Jan - Sep, 2024	5,584	364	374	250	107.7	99.2	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	3,156	14	2	-3	-1.3	0	Aug 14, 2024	J-GAAP
Jul - Dec, 2024 New	4,256	234	231	148	62.1	30	Nov 14, 2024	J-GAAP
Revision Rate	+34.9%	+1,571.4%	+11,450.0%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	6,540	150	148	92	38.6	0	Feb 14, 2024	J-GAAP
Dec, 2024 New	7,640	370	377	243	102.0	30	Nov 14, 2024	J-GAAP
Revision Rate	+16.8%	+146.7%	+154.7%	+164.1%	+164.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov - Dec, 2023 Changed	1,090	50	49	27	11.7	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	4,256	234	231	148	62.1	30	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2023	5,291	69	76	48	21.2	0	Jun 14, 2023	J-GAAP
Dec, 2023 Changed	4,376	344	342	220	95.3	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	7,640	370	377	243	102.0	30	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	1,702	130	129	83	36.1	7.6	Dec 15, 2023	J-GAAP
Nov - Dec, 2023 Changed	1,090	50	49	27	11.7	4.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	1,512	9	8	3	1.5	0.6	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,872	127	138	92	40.0	6.8	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	2,200	228	228	155	66.8	10.4	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－