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Zenken, First Half Ordinary Profit Decreases by 18%, Oct-Dec Ordinary Profit Decreases by 30%

Fri Feb 14, 2025 11:30 am JST Earnings

7371 Zenken Corporation 【J-GAAP】

Earnings Report

Zenken Corporation <7371> [TSE Growth] announced its financial results at noon (11:30) on February 14th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) decreased 18.5% from the same period last year to 172 million yen. The progress rate toward the full-year plan of 560 million yen was 30.7%, also falling below the five-year average of 53.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to June period (2H) is expected to surge 2.2 times that of the same period last year, reaching 388 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit dropped to 105 million yen, a 30.5% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.7% 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 3,632 453 457 279 23.2 51.7 Feb 14, 2023 J-GAAP
Jul - Dec, 2023 2,796 169 211 156 12.8 54.1 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 2,739 149 172 164 13.6 30.7 Feb 14, 2025 J-GAAP
YoY -2.0% -11.8% -18.5% +5.1% +5.7%

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 2,800 59 78 50 4.1 0 Aug 9, 2024 J-GAAP
Jul - Dec, 2024 Results 2,739 149 172 164 13.6 0 Feb 14, 2025 J-GAAP
Revision Rate -2.2% +152.5% +120.5% +228.0% +229.1%

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 2,831 180 179 87 7.2 17 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 Guidance 3,261 381 388 216 17.8 13 Feb 14, 2025 J-GAAP
YoY +15.2% +111.7% +116.8% +148.3% +147.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 7,058 856 884 426 35.5 20 Aug 10, 2023 J-GAAP
Jun, 2024 5,627 349 390 243 20.1 17 Aug 9, 2024 J-GAAP
Jun, 2025 Guidance 6,000 530 560 380 31.3 13 Aug 9, 2024 J-GAAP
YoY +6.6% +51.9% +43.6% +56.4% +55.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 1,405 136 151 110 9.1 9.7 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,457 135 130 84 6.9 9.3 May 15, 2024 J-GAAP
Apr - Jun, 2024 1,374 45 49 3 0.3 3.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,330 59 67 47 3.9 4.4 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 1,409 90 105 117 9.7 6.4 Feb 14, 2025 J-GAAP
YoY +0.3% -33.8% -30.5% +6.4% +6.9%

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