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Rengo, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 17% Decrease

Fri Jan 31, 2025 3:30 pm JST Revision

3941 Rengo Co., Ltd. 【J-GAAP】

Guidance Update Report

Rengo Co., Ltd. <3941> [TSE Prime] announced a performance revision after the market closed on January 31st (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 has decreased 23.1%, from the previous forecast of 52 billion yen to 40 billion yen (compared to 47.9 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 16.6% decrease in profit.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated ordinary profit has decreased 39.8%, from the previous forecast of 30.1 billion yen to 18.1 billion yen (compared to 20.5 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 11.7% decrease in profit.

Kabutan News

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 504,866 30,202 30,129 16,117 65.0 15 Nov 1, 2024 J-GAAP
Oct - Mar, 2024 New 504,866 18,202 18,129 9,117 36.8 15 Jan 31, 2025 J-GAAP
Revision Rate 0.0% -39.7% -39.8% -43.4% -43.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 1,000,000 50,000 52,000 35,000 141.2 30 May 10, 2024 J-GAAP
Mar, 2025 New 1,000,000 38,000 40,000 28,000 113.0 30 Jan 31, 2025 J-GAAP
Revision Rate 0.0% -24.0% -23.1% -20.0% -20.0%

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 447,917 23,180 20,523 14,616 59.0 18 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 504,866 18,202 18,129 9,117 36.8 15 Jan 31, 2025 J-GAAP
YoY +12.7% -21.5% -11.7% -37.6% -37.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 846,080 25,957 28,682 20,425 82.5 24 May 12, 2023 J-GAAP
Mar, 2024 900,791 48,855 47,984 33,025 133.3 30 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,000,000 38,000 40,000 28,000 113.0 30 Jan 31, 2025 J-GAAP
YoY +11.0% -22.2% -16.6% -15.2% -15.3%

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