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RIZAP GROUP, Inc., First Half Net Income Loss Narrows, July-September Net Income Loss Narrows

Thu Nov 14, 2024 4:00 pm JST Earnings

2928 RIZAP GROUP, Inc. 【IFRS】

Earnings Report

RIZAP GROUP, Inc. <2928> [SSE-A] announced its financial results (based on IFRS) after the market closed on November 14th (16:00). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 4.28 billion yen (compared to a loss of 7.59 billion yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 90.6% from the same period last year, reaching 6.28 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net loss improved to a deficit of loss of 1.42 billion yen (compared to a loss of 4.27 billion yen in the same period last year). The operating profit/loss margin drastically improved from -7.4% in the same period last year to 0.8%.

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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 76,940 230 -714 -1,776 -3.2 ー Nov 10, 2022 IFRS
Apr - Sep, 2023 78,188 -6,023 -7,423 -7,596 -13.7 ー Nov 14, 2023 IFRS
Apr - Sep, 2024 83,594 -2,272 -4,263 -4,282 -7.4 ー Nov 14, 2024 IFRS
YoY +6.9% +62.3% +42.6% +43.6% +46.2%

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 － － May 15, 2024 IFRS
Apr - Sep, 2024 Results 83,594 -2,272 -4,263 -4,282 -7.4 0 Nov 14, 2024 IFRS
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 84,416 5,375 2,872 3,296 5.9 0 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 94,106 8,572 7,363 6,282 10.5 － Nov 14, 2024 IFRS
YoY +11.5% +59.5% +156.4% +90.6% +77.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 154,550 -4,948 -7,031 -12,673 -22.8 0 May 15, 2023 IFRS
Mar, 2024 162,604 -648 -4,551 -4,300 -7.7 0 May 15, 2024 IFRS
Mar, 2025 Guidance 177,700 6,300 3,100 2,000 3.4 － May 15, 2024 IFRS
YoY +9.3% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 41,119 -3,031 -3,927 -4,271 -7.7 -7.4 Nov 14, 2023 IFRS
Oct - Dec, 2023 44,800 1,200 334 -95 -0.2 2.7 Feb 14, 2024 IFRS
Jan - Mar, 2024 39,616 4,175 2,538 3,391 6.1 10.5 May 15, 2024 IFRS
Apr - Jun, 2024 40,458 -2,884 -3,691 -2,853 -5.0 -7.1 Aug 14, 2024 IFRS
Jul - Sep, 2024 43,136 612 -572 -1,429 -2.5 1.4 Nov 14, 2024 IFRS
YoY +4.9% － +85.4% +66.5% +68.1%

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