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

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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	85,115	-2,529	-4,495	-4,282	-7.4	ー	Nov 14, 2024	IFRS
YoY	+8.9%	+58.0%	+39.4%	+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	85,115	-2,529	-4,495	-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	88,110	5,429	2,899	3,296	5.9	0	May 15, 2024	IFRS
Oct - Mar, 2024 Guidance	92,585	8,829	7,595	6,282	10.5	－	Nov 14, 2024	IFRS
YoY	+5.1%	+62.6%	+162.0%	+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	166,298	-594	-4,524	-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	+6.9%	－	－	－	－

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	1,254	334	-95	-0.2	2.8	Feb 14, 2024	IFRS
Jan - Mar, 2024	43,310	4,175	2,565	3,391	6.1	9.6	May 15, 2024	IFRS
Apr - Jun, 2024	41,237	-2,894	-3,758	-2,853	-5.0	-7.0	Aug 14, 2024	IFRS
Jul - Sep, 2024	43,878	365	-737	-1,429	-2.5	0.8	Nov 14, 2024	IFRS
YoY	+6.7%	－	+81.2%	+66.5%	+68.1%