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RareJob, Inc., First Half Ordinary Profit Decreases by 42%, Exceeds Full-Year Plan

Thu Nov 14, 2024 4:00 pm JST Earnings

6096 RareJob, Inc. 【J-GAAP】

Earnings Report

RareJob, Inc. <6096> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 41.8% from the same period last year to 206 million yen. The progress rate against the full-year plan of 185 million yen is 111.4%, already exceeding the target and also exceeding the five-year average of 44.7%.

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 21 million yen (compared to a profit of 346 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 113 million yen, a 29.4% decrease compared to the same period last year. The operating profit margin worsened from 7.1% in the same period last year to 5.8%.

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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 2,900 45 90 62 6.7 32.3 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 5,026 365 354 376 40.0 50.6 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 4,812 221 206 128 13.5 111.4 Nov 14, 2024 J-GAAP
YoY -4.3% -39.5% -41.8% -66.0% -66.1%

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 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 4,812 221 206 128 13.5 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 5,149 331 346 -664 -70.3 13 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,388 -21 -21 -58 -6.1 5 Nov 14, 2024 J-GAAP
YoY +4.6% +91.3% +91.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,787 228 279 194 20.7 12 May 11, 2023 J-GAAP
Mar, 2024 10,175 696 700 -288 -30.5 13 May 15, 2024 J-GAAP
Mar, 2025 Guidance 10,200 200 185 70 7.4 5 May 15, 2024 J-GAAP
YoY +0.2% -71.3% -73.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,396 169 160 111 11.8 7.1 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 2,677 260 256 157 16.6 9.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,472 71 90 -821 -86.9 2.9 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,495 87 93 56 6.0 3.5 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 2,317 134 113 72 7.6 5.8 Nov 14, 2024 J-GAAP
YoY -3.3% -20.7% -29.4% -35.1% -35.4%

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