Ricksoft, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 47% Decrease

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Tue Jan 14, 2025 4:00 pm JST Earnings

4429 Ricksoft Co., Ltd. 【J-GAAP】

Earnings Report

Ricksoft Co., Ltd. <4429> [TSE Growth] announced its financial results after the market closed on January 14th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending February 2025 (March to November) decreased 28.2% from the same period last year to 316 million yen.

In addition, the full-year consolidated ordinary profit has decreased 56.5%, from the previous forecast of 816 million yen to 355 million yen (compared to 676 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 47.5% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the September to February period (2H) has decreased 78.8%, from the previous forecast of 585 million yen to 124 million yen (compared to 382 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 67.5% decrease in profit.

In the most recent three-month period, from September to November (3Q), the consolidated ordinary profit dropped to 85 million yen, a 41.8% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.1% in the same period last year to 3.7%.

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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	3,946	386	404	298	66.5	71.3	Jan 13, 2023	J-GAAP
Mar - Nov, 2023	5,298	438	440	92	20.3	65.1	Jan 12, 2024	J-GAAP
Mar - Nov, 2024	6,598	307	316	244	53.9	89.0	Jan 14, 2025	J-GAAP
YoY	+24.5%	-29.9%	-28.2%	+165.2%	+166.2%

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	4,838	590	585	410	91.5	0	Oct 11, 2024	J-GAAP
Sep - Feb, 2024 New	4,522	122	124	97	21.7	0	Jan 14, 2025	J-GAAP
Revision Rate	-6.5%	-79.3%	-78.8%	-76.3%	-76.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	9,147	813	816	587	131.0	0	Apr 12, 2024	J-GAAP
Feb, 2025 New	8,831	345	355	274	61.2	0	Jan 14, 2025	J-GAAP
Revision Rate	-3.5%	-57.6%	-56.5%	-53.3%	-53.3%

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	4,013	374	382	307	67.5	0	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	4,522	122	124	97	21.7	0	Jan 14, 2025	J-GAAP
YoY	+12.7%	-67.4%	-67.5%	-68.4%	-67.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	5,623	546	567	423	94.4	0	Apr 13, 2023	J-GAAP
Feb, 2024	7,491	665	676	269	59.2	0	Apr 12, 2024	J-GAAP
Feb, 2025 Guidance	8,831	345	355	274	61.2	0	Jan 14, 2025	J-GAAP
YoY	+17.9%	-48.1%	-47.5%	+1.9%	+3.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	1,820	147	146	130	28.6	8.1	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	2,193	227	236	177	38.9	10.4	Apr 12, 2024	J-GAAP
Mar - May, 2024	2,046	147	154	115	25.3	7.2	Jul 11, 2024	J-GAAP
Jun - Aug, 2024	2,263	76	77	62	13.6	3.4	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	2,289	84	85	67	14.8	3.7	Jan 14, 2025	J-GAAP
YoY	+25.8%	-42.9%	-41.8%	-48.5%	-48.3%