RISE Inc., First Half Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

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Thu Nov 14, 2024 3:30 pm JST Earnings

8836 RISE Inc. 【J-GAAP】

Earnings Report

RISE Inc. <8836> [TSE-S] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 17 million yen (compared to a loss of 7 million yen in the same period last year). This has already exceeded the planned deficit of loss of 20 million yen for the .

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 37 million yen (compared to a profit of 20 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 2.1 times that of the same period last year, reaching 17 million yen. The operating profit margin jumped from 10.3% in the same period last year to 16.8%.

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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	174	4	12	39	-0.4	120.0	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	170	-6	-7	-18	-1.0	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	186	17	17	0	-0.8	ー	Nov 14, 2024	J-GAAP
YoY	+9.4%	－	－	－	+14.7%

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	－	0	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	186	17	17	0	-0.8	0	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

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	179	21	20	7	1.1	0	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	167	-36	-37	-37	-1.9	0	Nov 14, 2024	J-GAAP
YoY	-6.7%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	339	3	10	24	-1.3	0	May 12, 2023	J-GAAP
Mar, 2024	349	15	13	-11	-1.7	0	May 15, 2024	J-GAAP
Mar, 2025 Guidance	353	-19	-20	-37	-1.9	0	May 15, 2024	J-GAAP
YoY	+1.1%	－	－	-236.4%	-16.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	87	9	8	1	0.1	10.3	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	88	13	13	24	-0.1	14.8	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	91	8	7	-17	-2.6	8.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	91	1	0	-6	-0.5	1.1	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	95	16	17	6	-0.4	16.8	Nov 14, 2024	J-GAAP
YoY	+9.2%	+77.8%	+112.5%	+500.0%	－