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Fast Accounting, 30% Increase in Ordinary Profit, Update Record High for Third Consecutive Term, Increased Previous Year's Dividend by 0.1 yen, This Fiscal Year to Increase Dividend by 1.8 yen

Fri Feb 14, 2025 12:00 pm JST Earnings

5588 Fast Accounting Co.,Ltd. 【J-GAAP】

Earnings Report

Fast Accounting Co.,Ltd. <5588> [TSE Growth] announced its financial results at noon (12:00) on February 14th. The ordinary profit (non-consolidated) for the fiscal year ending December 2024 expanded 56.4% from the previous period to 183 million yen. In the fiscal year ending December 2025, the profit is expected to grow by 29.5% to 237 million yen, marking the third consecutive term of record-high profits. This will be the seventh consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 1.1 yen to 1.2 yen (compared to 1.55 yen before the 2-for-1 forward stock split in the previous term), and has decided to significantly increase the dividend this fiscal year to 3 yen, an increase of 1.8 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the ordinary profit significantly dropped to 11 million yen, a 77.6% decrease compared to the same period last year. The operating profit margin sharply declined from 14.1% in the same period last year to 2.3%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 1,232 126 117 125 12.9 0.78 Feb 13, 2024 J-GAAP
Dec, 2024 1,707 181 183 465 43.3 1.20 Feb 14, 2025 J-GAAP
YoY +38.6% +43.7% +56.4% +272.0% +235.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 1,653 167 167 438 40.3 1.10 Mar 19, 2024 J-GAAP
Dec, 2024 Results 1,707 181 183 465 43.3 1.20 Feb 14, 2025 J-GAAP
Revision Rate +3.3% +8.4% +9.6% +6.2% +7.3%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 785 99 101 85 8.0 0 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 Guidance ー ー ー ー － 0 Feb 14, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 1,232 126 117 125 12.9 0.78 Feb 13, 2024 J-GAAP
Dec, 2024 1,707 181 183 465 43.3 1.20 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 2,362 237 237 162 14.6 3 Feb 14, 2025 J-GAAP
YoY +38.4% +30.9% +29.5% -65.2% -66.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 355 50 49 58 6.0 14.1 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 377 55 57 48 4.6 14.6 May 15, 2024 J-GAAP
Apr - Jun, 2024 408 44 44 37 3.5 10.8 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 451 71 71 59 5.5 15.7 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 471 11 11 321 29.9 2.3 Feb 14, 2025 J-GAAP
YoY +32.7% -78.0% -77.6% +453.4% +399.3%

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