kabutan

Vega, The Current Fiscal Year Ordinary Profit Revised Downward by 25%

Fri Jan 31, 2025 3:30 pm JST Earnings

3542 Vega corporation Co.,Ltd. 【J-GAAP】

Earnings Report

Vega corporation Co.,Ltd. <3542> [TSE Growth] announced its financial results after the market closed on January 31st (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 0.51 billion yen, an increase 60.5% compared to the same period last year.

However, the full-year ordinary profit has decreased 25.0%, from the previous forecast of 1.2 billion yen to 0.9 billion yen (compared to 0.79 billion yen in the previous period), leading to a reduction in the profit growth rate from 51.9% to 13.9%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the October to March period (2H) has decreased 33.3%, from the previous forecast of 0.9 billion yen to 0.6 billion yen (compared to 0.75 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 20.2% decrease in profit.

In the most recent three-month period, from October to December (3Q), the ordinary profit decreased to 0.21 billion yen, a 24.4% decrease compared to the same period last year. The operating profit margin worsened from 7.0% in the same period last year to 5.2%.

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
Apr - Dec, 2022 12,467 215 235 25 2.4 64.6 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 11,812 302 319 110 10.6 40.4 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 11,237 507 512 327 31.7 56.9 Jan 31, 2025 J-GAAP
YoY -4.9% +67.9% +60.5% +197.3% +198.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 9,877 906 902 529 51.5 11 Oct 31, 2024 J-GAAP
Oct - Mar, 2024 New 8,877 606 602 349 34.0 11 Jan 31, 2025 J-GAAP
Revision Rate -10.1% -33.1% -33.3% -34.0% -34.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 17,000 1,200 1,200 720 70.2 11 May 15, 2024 J-GAAP
Mar, 2025 New 16,000 900 900 540 52.6 11 Jan 31, 2025 J-GAAP
Revision Rate -5.9% -25.0% -25.0% -25.0% -25.0%

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 8,158 744 754 370 35.5 10 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 8,877 606 602 349 34.0 11 Jan 31, 2025 J-GAAP
YoY +8.8% -18.5% -20.2% -5.7% -4.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 16,973 338 364 120 11.5 10 May 15, 2023 J-GAAP
Mar, 2024 16,063 771 790 394 37.8 10 May 15, 2024 J-GAAP
Mar, 2025 Guidance 16,000 900 900 540 52.6 11 Jan 31, 2025 J-GAAP
YoY -0.4% +16.7% +13.9% +37.1% +39.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,907 275 283 86 8.3 7.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 4,251 469 471 284 27.3 11.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,598 202 203 130 12.6 5.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 3,525 92 95 61 5.9 2.6 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 4,114 213 214 136 13.2 5.2 Jan 31, 2025 J-GAAP
YoY +5.3% -22.5% -24.4% +58.1% +58.6%

Related Articles