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V Technology, Apr-Dec (Cumulative 3Q) Ordinary Profit Turns to Profit

Mon Feb 10, 2025 3:30 pm JST Earnings

7717 V Technology Co., Ltd. 【J-GAAP】

Earnings Report

V Technology Co., Ltd. <7717> [TSE Prime] announced its financial results after the market closed on February 10th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 0.19 billion yen (compared to a loss of 1.9 billion yen in the same period last year). However, the progress rate toward the full-year plan of 1.4 billion yen was 13.9%, also falling below the five-year average of 81.4%.

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 significant drop 60.0% from the same period last year to 1.2 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 0.46 billion yen (compared to a loss of 1.3 billion yen in the same period last year). The operating profit/loss margin drastically improved from -17.7% in the same period last year to 2.0%.

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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 29,892 119 743 646 66.9 43.7 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 19,103 -2,077 -1,900 -1,387 -143.6 ー Feb 9, 2024 J-GAAP
Apr - Dec, 2024 31,824 56 194 53 5.6 13.9 Feb 10, 2025 J-GAAP
YoY +66.6% － － － －

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 25,001 1,726 1,704 1,425 147.7 30 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,655 1,736 1,675 1,218 128.9 40 Nov 11, 2024 J-GAAP
YoY -1.4% +0.6% -1.7% -14.5% -12.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 43,146 986 1,700 260 26.9 90 May 12, 2023 J-GAAP
Mar, 2024 37,335 846 1,112 778 80.7 60 May 13, 2024 J-GAAP
Mar, 2025 Guidance 47,000 1,600 1,400 1,000 105.8 80 May 13, 2024 J-GAAP
YoY +25.9% +89.1% +25.9% +28.5% +31.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 6,769 -1,197 -1,308 -740 -76.6 -17.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 18,232 2,923 3,012 2,165 224.4 16.0 May 13, 2024 J-GAAP
Apr - Jun, 2024 9,523 -948 -759 -656 -68.2 -10.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 12,822 812 484 438 45.8 6.3 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 9,479 192 469 271 28.8 2.0 Feb 10, 2025 J-GAAP
YoY +40.0% － － － －

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