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Vertex, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 9%

Thu Feb 13, 2025 3:30 pm JST Earnings

5290 Vertex Corporation 【J-GAAP】

Earnings Report

Vertex Corporation <5290> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 8.6% from the same period last year, reaching 4.45 billion yen. However, the progress rate toward the full-year plan of 6.2 billion yen was 71.9%, almost the same as the five-year average of 71.2%.

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 nearly flat at 1.74 billion yen, down 0.1% from the same period last year.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 1.91 billion yen, an increase of 2.3% compared to the same period last year. The operating profit margin rose from 17.7% in the same period last year to 18.1%.

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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 28,450 3,942 4,099 2,645 49.7 70.2 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 26,466 3,996 4,105 2,556 49.2 70.2 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 28,374 4,322 4,457 3,005 59.2 71.9 Feb 13, 2025 J-GAAP
YoY +7.2% +8.2% +8.6% +17.6% +20.5%

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 20,641 3,549 3,619 2,402 46.4 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 21,994 3,550 3,661 2,599 51.7 25 Nov 14, 2024 J-GAAP
YoY +6.6% +0.0% +1.2% +8.2% +11.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 39,095 5,560 5,837 3,742 70.4 15 May 11, 2023 J-GAAP
Mar, 2024 36,833 5,727 5,849 3,728 71.9 20 May 10, 2024 J-GAAP
Mar, 2025 Guidance 40,000 6,000 6,200 4,050 80.5 25 May 10, 2024 J-GAAP
YoY +8.6% +4.8% +6.0% +8.6% +11.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 10,274 1,818 1,875 1,230 23.7 17.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 10,367 1,731 1,744 1,172 22.6 16.7 May 10, 2024 J-GAAP
Apr - Jun, 2024 8,241 781 830 209 4.1 9.5 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 9,765 1,669 1,709 1,242 24.4 17.1 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 10,368 1,872 1,918 1,554 30.6 18.1 Feb 13, 2025 J-GAAP
YoY +0.9% +3.0% +2.3% +26.3% +29.5%

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