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Rengo, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 22%, Oct-Dec Ordinary Profit Decreases by 24%

Tue Feb 4, 2025 1:00 pm JST Earnings

3941 Rengo Co., Ltd. 【J-GAAP】

Earnings Report

Rengo Co., Ltd. <3941> [TSE Prime] announced its financial results in the afternoon session on February 4th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 21.8% from the same period last year to 35.2 billion yen. However, the progress rate toward the full-year plan of 40 billion yen was 88.2%, almost the same as the five-year average of 87.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 63.1% from the same period last year, reaching 4.72 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 13.4 billion yen, a 24.0% decrease compared to the same period last year. The operating profit margin worsened from 7.1% in the same period last year to 5.5%.

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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
Apr - Dec, 2022 645,294 23,616 26,017 17,463 70.5 90.7 Feb 7, 2023 J-GAAP
Apr - Dec, 2023 691,742 42,748 45,089 32,981 133.2 94.0 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 741,486 33,364 35,277 26,352 106.3 88.2 Feb 4, 2025 J-GAAP
YoY +7.2% -22.0% -21.8% -20.1% -20.1%

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%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 238,868 17,073 17,628 14,572 58.8 7.1 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 209,049 6,107 2,895 44 0.2 2.9 May 10, 2024 J-GAAP
Apr - Jun, 2024 244,515 12,118 13,261 13,998 56.5 5.0 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 250,619 7,680 8,610 4,885 19.7 3.1 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 246,352 13,566 13,406 7,469 30.1 5.5 Feb 4, 2025 J-GAAP
YoY +3.1% -20.5% -24.0% -48.7% -48.8%

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