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

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.

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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 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%

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