Ricecurry Inc., The Current Fiscal Year Ordinary Profit Revised Downward by 59%

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Thu Nov 14, 2024 3:30 pm JST Earnings

195A Ricecurry Inc.

Earnings Report

Ricecurry Inc. <195A> [TSE-G] 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) decreased by 17.6% from the same period last year to 14 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 58.9%, from the previous forecast of 319 million yen to 131 million yen (compared to 89 million yen in the previous period), leading to a reduction in the profit growth rate from 3.6 times to 47.2%.

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 62.5% from the same period last year, reaching 117 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 10 million yen (compared to a loss of 2 million yen in the same period last year). The operating profit/loss margin worsened from -0.9% in the same period last year to -1.6%.

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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, 2024	1,197	17	14	25	8.9	10.7	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－

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	Jun 19, 2024	J-GAAP
Apr - Sep, 2024 Results	1,197	17	14	25	8.9	0	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	2,841	320	319	269	90.6	0	Jun 19, 2024	J-GAAP
Mar, 2025 New	3,070	125	131	155	52.2	0	Nov 14, 2024	J-GAAP
Revision Rate	+8.1%	-60.9%	-58.9%	-42.4%	-42.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Guidance	3,070	125	131	155	52.2	0	Nov 14, 2024	J-GAAP
YoY	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Apr - Jun, 2024	617	26	24	21	7.8	4.2	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	580	-9	-10	4	1.4	-1.6	Nov 14, 2024	J-GAAP
YoY	－	－	－	－	－