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Virtualex Holdings, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 69%, Oct-Dec Ordinary Profit Decreases by 10%

Thu Feb 13, 2025 4:00 pm JST Earnings

6193 Virtualex Holdings,Inc. 【J-GAAP】

Earnings Report

Virtualex Holdings,Inc. <6193> [TSE Growth] announced its financial results after the market closed on February 13th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) significantly dropped 68.6% from the same period last year to 86 million yen. The progress rate toward the full-year plan of 420 million yen was 20.5%, also falling below the five-year average of 64.5%.

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 85.6% from the same period last year, reaching 334 million yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 100 million yen, a 9.9% decrease compared to the same period last year. The operating profit margin worsened from 6.8% in the same period last year to 6.2%.

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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 4,983 423 438 294 100.8 88.1 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 5,092 258 274 95 32.7 60.4 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 4,796 145 86 60 21.3 20.5 Feb 13, 2025 J-GAAP
YoY -5.8% -43.8% -68.6% -36.8% -34.7%

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 3,255 225 291 92 31.6 15 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,920 381 434 271 96.3 15 Nov 12, 2024 J-GAAP
YoY +20.4% +69.3% +49.1% +194.6% +204.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,798 576 497 635 217.7 15 May 11, 2023 J-GAAP
Mar, 2024 6,692 371 454 202 69.4 15 May 13, 2024 J-GAAP
Mar, 2025 Guidance 7,050 422 420 270 96.0 15 May 13, 2024 J-GAAP
YoY +5.3% +13.7% -7.5% +33.7% +38.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,655 112 111 -15 -5.2 6.8 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 1,600 113 180 107 36.8 7.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,503 -82 -134 -86 -30.1 -5.5 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 1,627 123 120 85 43.4 7.6 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 1,666 104 100 61 21.7 6.2 Feb 13, 2025 J-GAAP
YoY +0.7% -7.1% -9.9% － －

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