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Verite, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 7%

Thu Feb 13, 2025 1:00 pm JST Earnings

9904 Verite Co.,Ltd. 【J-GAAP】

Earnings Report

Verite Co.,Ltd. <9904> [TSE Std] announced its financial results in the afternoon session on February 13th (13:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 7.5% from the same period last year to 556 million yen. The progress rate toward the full-year plan of 844 million yen was 65.9%, also falling below the five-year average of 76.8%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the January to March period (4Q) is expected to grow 23.1% from the same period last year, reaching 288 million yen.

In the most recent three-month period, from October to December (3Q), the ordinary profit amounted to 320 million yen, a 2.1% decrease compared to the same period last year. The operating profit margin decreased from 16.1% in the same period last year to 15.2%.

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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 5,578 752 742 420 15.5 80.7 Feb 14, 2023 J-GAAP
Apr - Dec, 2023 5,587 616 601 376 13.9 72.0 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 5,752 573 556 338 12.5 65.9 Feb 13, 2025 J-GAAP
YoY +3.0% -7.0% -7.5% -10.1% -10.3%

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 4,131 573 561 348 12.8 10.05 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,284 626 608 374 13.8 9.25 Nov 11, 2024 J-GAAP
YoY +3.7% +9.2% +8.4% +7.5% +7.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,617 932 919 545 20.1 17.10 May 15, 2023 J-GAAP
Mar, 2024 7,639 855 835 502 18.5 20.10 May 15, 2024 J-GAAP
Mar, 2025 Guidance 7,886 872 844 506 18.7 18.50 May 15, 2024 J-GAAP
YoY +3.2% +2.0% +1.1% +0.8% +0.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,079 334 327 222 8.2 16.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,052 239 234 126 4.7 11.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,672 44 39 20 0.7 2.6 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 1,930 202 197 112 4.1 10.5 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 2,150 327 320 206 7.6 15.2 Feb 13, 2025 J-GAAP
YoY +3.4% -2.1% -2.1% -7.2% -7.4%

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