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Ray, Mar-Nov (Cumulative 3Q) Ordinary Profit Decreases by 41%, Sep-Nov Ordinary Profit Decreases by 54%

Tue Jan 14, 2025 3:30 pm JST Earnings

4317 Ray Corporation 【J-GAAP】

Earnings Report

Ray Corporation <4317> [TSE Std] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) dropped 41.4% from the same period last year to 591 million yen. The progress rate toward the full-year plan of 785 million yen was 75.3%, also surpassing the five-year average of 64.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to February period (4Q) is expected to drop 36.0% from the same period last year to 194 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit significantly dropped to 355 million yen, a 53.8% decrease compared to the same period last year. The operating profit margin significantly dropped from 19.7% in the same period last year to 10.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Nov, 2022 8,718 988 990 382 26.7 70.7 Jan 12, 2023 J-GAAP
Mar - Nov, 2023 8,140 903 1,008 608 42.5 76.9 Jan 12, 2024 J-GAAP
Mar - Nov, 2024 7,372 482 591 422 30.5 75.3 Jan 14, 2025 J-GAAP
YoY -9.4% -46.6% -41.4% -30.6% -28.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 6,774 978 1,071 750 52.5 15 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 7,187 528 549 351 26.0 10 Oct 11, 2024 J-GAAP
YoY +6.1% -46.0% -48.7% -53.2% -50.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 12,450 1,398 1,401 715 49.9 15 Jun 30, 2023 J-GAAP
Feb, 2024 11,222 1,152 1,311 818 57.3 15 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 11,700 700 785 520 38.5 10 Apr 12, 2024 J-GAAP
YoY +4.3% -39.2% -40.1% -36.4% -32.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2023 3,692 729 768 540 37.8 19.7 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 3,082 249 303 210 14.7 8.1 Apr 12, 2024 J-GAAP
Mar - May, 2024 2,322 121 162 113 8.1 5.2 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 2,191 51 74 56 4.0 2.3 Oct 11, 2024 J-GAAP
Sep - Nov, 2024 2,859 310 355 253 18.3 10.8 Jan 14, 2025 J-GAAP
YoY -22.6% -57.5% -53.8% -53.1% -51.6%

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