SERENDIP HOLDINGS, The Current Fiscal Year Ordinary Profit Revised Downward by 6%

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Wed Feb 12, 2025 3:30 pm JST Earnings

7318 SERENDIP HOLDINGS Co.,Ltd. 【J-GAAP】

Earnings Report

SERENDIP HOLDINGS Co.,Ltd. <7318> [TSE Growth] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 37.1% from the same period last year to 0.46 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 6.1%, from the previous forecast of 0.73 billion yen to 0.69 billion yen (compared to 0.59 billion yen in the previous period), leading to a reduction in the profit growth rate from 23.5% to 16.0%. However, the full-year consolidated net income has been revised upward 5.1 times, from the previous forecast of 0.54 billion yen to 2.77 billion yen (compared to 0.51 billion yen in the previous period), increasing the growth rate from 5.4% to 5.3 times, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 13.3%, from the previous forecast of 0.33 billion yen to 0.29 billion yen (compared to 0.12 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 2.7 times to 2.3 times.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.06 billion yen, a 75.5% decrease compared to the same period last year. The operating profit margin worsened from 4.1% in the same period last year to 3.5%.

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	10,517	133	122	125	28.7	35.2	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	14,813	615	734	548	126.4	123.4	Feb 8, 2024	J-GAAP
Apr - Dec, 2024	15,458	488	462	2,493	552.3	67.0	Feb 12, 2025	J-GAAP
YoY	+4.4%	-20.7%	-37.1%	+354.9%	+336.8%

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	12,005	509	338	369	81.7	0	Nov 6, 2024	J-GAAP
Oct - Mar, 2024 New	15,105	524	293	2,593	573.9	0	Feb 12, 2025	J-GAAP
Revision Rate	+25.8%	+2.9%	-13.3%	+602.7%	+602.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	21,800	800	735	546	120.9	0	May 8, 2024	J-GAAP
Mar, 2025 New	24,900	815	690	2,770	613.1	0	Feb 12, 2025	J-GAAP
Revision Rate	+14.2%	+1.9%	-6.1%	+407.3%	+407.3%

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	10,294	80	126	140	32.0	0	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,105	524	293	2,593	573.9	0	Feb 12, 2025	J-GAAP
YoY	+46.7%	+555.0%	+132.5%	+1,752.1%	+1,692.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	15,195	325	347	312	71.5	0	May 10, 2023	J-GAAP
Mar, 2024	19,787	477	595	518	118.5	0	May 8, 2024	J-GAAP
Mar, 2025 Guidance	24,900	815	690	2,770	613.1	0	Feb 12, 2025	J-GAAP
YoY	+25.8%	+70.9%	+16.0%	+434.7%	+417.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	5,320	218	265	170	39.2	4.1	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	4,974	-138	-139	-30	-6.9	-2.8	May 8, 2024	J-GAAP
Apr - Jun, 2024	4,804	144	198	105	23.3	3.0	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	4,991	147	199	72	16.1	2.9	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	5,663	197	65	2,316	513.1	3.5	Feb 12, 2025	J-GAAP
YoY	+6.4%	-9.6%	-75.5%	+1,262.4%	+1,208.1%