System Integrator Corp, The Current Fiscal Year Ordinary Profit Revised Upward by 83%

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Tue Jan 14, 2025 3:30 pm JST Earnings

3826 System Integrator Corp. 【J-GAAP】

Earnings Report

System Integrator Corp. <3826> [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) decreased 18.1% from the previous period non-consolidated to 235 million yen.

However, the full-year consolidated ordinary profit has been revised upward 82.6%, from the previous forecast of 178 million yen to 325 million yen.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the September to February period (2H) is expected to increase 2.8 times, from the previous forecast of 80 million yen to 227 million yen.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit increased 63.1% from the same period last year, reaching 137 million yen. The operating profit margin significantly improved from 6.2% in the same period last year to 9.8%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

Kabutan News

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	3,190	182	185	123	11.3	44.5	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	3,674	280	287	267	24.5	85.4	Jan 15, 2024	J-GAAP
Mar - Nov, 2024	3,480	202	235	173	15.9	72.3	Jan 14, 2025	J-GAAP
YoY	-5.3%	-27.9%	-18.1%	-35.2%	-35.1%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2024 Prev	2,280	81	80	34	3.1	5	Oct 15, 2024	J-GAAP
Sep - Feb, 2024 New	2,545	200	227	151	13.8	5	Jan 14, 2025	J-GAAP
Revision Rate	+11.6%	+146.9%	+183.8%	+344.1%	+344.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	4,508	160	178	109	10.0	5	Jul 16, 2024	J-GAAP
Feb, 2025 New	4,773	279	325	226	20.7	5	Jan 14, 2025	J-GAAP
Revision Rate	+5.9%	+74.4%	+82.6%	+107.3%	+107.4%

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	2,411	125	133	738	67.6	12	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	2,545	200	227	151	13.8	5	Jan 14, 2025	J-GAAP
YoY	+5.6%	+60.0%	+70.7%	-79.5%	-79.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	4,486	406	416	280	25.6	8	Apr 14, 2023	J-GAAP
Feb, 2024	4,835	328	336	944	86.5	12	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	4,773	279	325	226	20.7	5	Jan 14, 2025	J-GAAP
YoY	-1.3%	-14.9%	-3.3%	-76.1%	-76.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	1,250	77	84	61	5.6	6.2	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	1,161	48	49	677	62.0	4.1	Apr 15, 2024	J-GAAP
Mar - May, 2024	1,029	-25	-16	-8	-0.7	-2.4	Jul 16, 2024	J-GAAP
Jun - Aug, 2024	1,199	104	114	83	7.6	8.7	Oct 15, 2024	J-GAAP
Sep - Nov, 2024	1,252	123	137	98	9.0	9.8	Jan 14, 2025	J-GAAP
YoY	+0.2%	+59.7%	+63.1%	+60.7%	+61.0%