ZERO, First Half Net Income Increases by 2.4 times, Oct-Dec Net Income Increases by 2.2 times

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Thu Feb 13, 2025 5:00 pm JST Earnings

9028 ZERO CO.,LTD. 【IFRS】

Earnings Report

ZERO CO.,LTD. <9028> [TSE Std] announced its financial results (based on IFRS) after the market closed on February 13th (17:00). The consolidated net income for the cumulative second quarter of the fiscal year ending June 2025 (July to December) surged 2.4 times that of the same period last year, reaching 3.5 billion yen. The progress rate toward the full-year plan of 5.5 billion yen was 63.7%, also surpassing the five-year average of 43.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to June period (2H) is expected to decrease 25.8% from the same period last year to 1.99 billion yen.

In the most recent three-month period, from October to December (2Q), the consolidated net income surged 2.2 times that of the same period last year, reaching 1.61 billion yen. The operating profit margin improved from 3.6% in the same period last year to 6.4%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jul - Dec, 2022	64,247	2,143	2,141	1,436	85.3	42.1	Feb 9, 2023	IFRS
Jul - Dec, 2023	64,399	2,315	2,324	1,460	86.5	37.3	Feb 8, 2024	IFRS
Jul - Dec, 2024	68,956	4,951	4,942	3,505	207.1	61.0	Feb 13, 2025	IFRS
YoY	+7.1%	+113.9%	+112.7%	+140.1%	+139.4%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Guidance	ー	ー	ー	ー	－	43	Aug 8, 2024	IFRS
Jul - Dec, 2024 Results	68,956	4,951	4,942	3,505	207.1	43	Feb 13, 2025	IFRS
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	76,352	3,907	3,903	2,690	159.2	46.40	Aug 8, 2024	IFRS
Jan - Jun, 2025 Guidance	66,044	3,149	3,158	1,995	119.0	64.40	Feb 13, 2025	IFRS
YoY	-13.5%	-19.4%	-19.1%	-25.8%	-25.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	132,861	5,074	5,080	3,437	204.0	51	Aug 10, 2023	IFRS
Jun, 2024	140,751	6,222	6,227	4,150	245.6	61.40	Aug 8, 2024	IFRS
Jun, 2025 Guidance	135,000	8,100	8,100	5,500	328.0	107.40	Aug 8, 2024	IFRS
YoY	-4.1%	+30.2%	+30.1%	+32.5%	+33.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	32,730	1,191	1,186	751	44.5	3.6	Feb 8, 2024	IFRS
Jan - Mar, 2024	41,171	2,186	2,188	1,499	88.8	5.3	May 9, 2024	IFRS
Apr - Jun, 2024	35,181	1,721	1,715	1,191	70.5	4.9	Aug 8, 2024	IFRS
Jul - Sep, 2024	34,312	2,724	2,715	1,887	111.6	7.9	Nov 7, 2024	IFRS
Oct - Dec, 2024	34,644	2,227	2,227	1,618	95.6	6.4	Feb 13, 2025	IFRS
YoY	+5.8%	+87.0%	+87.8%	+115.4%	+114.9%