kabutan

ValueCommerce, 39% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Fri Jan 31, 2025 4:00 pm JST Earnings

2491 ValueCommerce Co., Ltd. 【J-GAAP】

Earnings Report

ValueCommerce Co., Ltd. <2491> [TSE Prime] announced its financial results after the market closed on January 31st (16:00). The consolidated ordinary profit for the fiscal year ending December 2024 decreased 21.0% from the previous period to 4.12 billion yen. In the fiscal year ending December 2025, the profit is expected to drop by 39.3% from the previous period to 2.5 billion yen. This will be the third consecutive term of declining profits.

At the same time, the company increased the annual dividend for the previous term from 54 yen to 57 yen (compared to 53 yen in the prior term), and has decided to reduce the dividend this fiscal year to 49 yen, a decrease of 8 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit decreased to 0.97 billion yen, a 27.4% decrease compared to the same period last year. The operating profit margin decreased from 17.8% in the same period last year to 12.8%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 35,708 8,249 8,319 5,806 179.6 56 Jan 30, 2023 J-GAAP
Dec, 2023 29,396 5,229 5,217 3,400 105.2 53 Jan 30, 2024 J-GAAP
Dec, 2024 30,410 4,160 4,121 2,855 113.2 57 Jan 31, 2025 J-GAAP
YoY +3.4% -20.4% -21.0% -16.0% +7.7%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 28,300 4,000 4,000 2,700 124.7 54 May 24, 2024 J-GAAP
Dec, 2024 Results 30,410 4,160 4,121 2,855 113.2 57 Jan 31, 2025 J-GAAP
Revision Rate +7.5% +4.0% +3.0% +5.7% -9.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 14,957 2,198 2,222 1,512 52.5 25 Jul 26, 2024 J-GAAP
Jan - Jun, 2025 Guidance 15,100 2,300 2,300 2,000 92.3 25 Jan 31, 2025 J-GAAP
YoY +1.0% +4.6% +3.5% +32.3% +75.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 29,396 5,229 5,217 3,400 105.2 53 Jan 30, 2024 J-GAAP
Dec, 2024 30,410 4,160 4,121 2,855 113.2 57 Jan 31, 2025 J-GAAP
Dec, 2025 Guidance 23,900 2,500 2,500 2,100 96.9 49 Jan 31, 2025 J-GAAP
YoY -21.4% -39.9% -39.3% -26.4% -14.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 7,645 1,362 1,341 722 22.3 17.8 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 7,653 1,315 1,340 913 28.3 17.2 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 7,304 883 882 599 20.8 12.1 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 7,310 923 925 625 23.7 12.6 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 8,143 1,039 974 718 28.5 12.8 Jan 31, 2025 J-GAAP
YoY +6.5% -23.7% -27.4% -0.6% +27.5%

Related Articles