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Rasa Industries,Ltd., July-September (2Q) Ordinary Profit Decreases by 30%

Thu Nov 14, 2024 3:30 pm JST Earnings

4022 Rasa Industries,Ltd. 【J-GAAP】

Earnings Report

Rasa Industries,Ltd. <4022> [TSE-P] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 19.1% from the same period last year, reaching 1.61 billion yen. However, The progress rate against the 3.6 billion yen full-year plan was 44.8%, almost the same as the five-year average of 46.6%.

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 decrease by 2.7% from the same period last year to 1.98 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 482 million yen, a 29.9% decrease compared to the same period last year. The operating profit margin worsened from 7.1% in the same period last year to 5.1%.

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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 25,205 2,626 2,750 1,831 231.3 58.6 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 20,640 1,376 1,353 991 125.3 39.8 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 21,849 1,697 1,612 973 123.5 44.8 Nov 14, 2024 J-GAAP
YoY +5.9% +23.3% +19.1% -1.8% -1.4%

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 21,500 1,700 1,600 1,100 139.5 48 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 21,849 1,697 1,612 973 123.5 48 Nov 14, 2024 J-GAAP
Revision Rate +1.6% -0.2% +0.8% -11.5% -11.5%

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 22,148 2,215 2,043 1,391 176.1 50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,651 2,003 1,988 1,527 195.6 48 Nov 14, 2024 J-GAAP
YoY +2.3% -9.6% -2.7% +9.8% +11.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 49,600 4,622 4,690 3,232 408.4 82 May 15, 2023 J-GAAP
Mar, 2024 42,788 3,591 3,396 2,382 301.5 91 May 15, 2024 J-GAAP
Mar, 2025 Guidance 44,500 3,700 3,600 2,500 320.2 96 May 15, 2024 J-GAAP
YoY +4.0% +3.0% +6.0% +5.0% +6.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 10,260 726 688 446 56.4 7.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 9,709 733 635 451 57.1 7.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 12,439 1,482 1,408 940 119.0 11.9 May 15, 2024 J-GAAP
Apr - Jun, 2024 10,633 1,129 1,130 784 99.6 10.6 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 11,216 568 482 189 24.0 5.1 Nov 14, 2024 J-GAAP
YoY +9.3% -21.8% -29.9% -57.6% -57.4%

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