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RIZAP GROUP, Apr-Dec (Cumulative 3Q) Net Income Loss Narrows, Oct-Dec Net Income Turns to Profit

Fri Feb 14, 2025 4:00 pm JST Earnings

2928 RIZAP GROUP, Inc. 【IFRS】

Earnings Report

RIZAP GROUP, Inc. <2928> [SSE Ambs] announced its financial results (based on IFRS) after the market closed on February 14th (16:00). The consolidated net loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was a reduced loss of 2.89 billion yen (compared to a loss of 7.69 billion yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to expand 44.4% from the same period last year, reaching 4.89 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a profit of 1.38 billion yen (compared to a loss of 0.09 billion yen in the same period last year). The operating profit margin significantly improved from 2.7% in the same period last year to 5.9%.

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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 115,259 -1,089 -2,595 -8,619 -15.5 Feb 14, 2023 IFRS
Apr - Dec, 2023 122,988 -4,823 -7,089 -7,691 -13.8 Feb 14, 2024 IFRS
Apr - Dec, 2024 130,731 182 -2,465 -2,895 -4.9 Feb 14, 2025 IFRS
YoY +6.3% +65.2% +62.4% +64.4%

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 84,416 5,375 2,872 3,296 5.9 0 May 15, 2024 IFRS
Oct - Mar, 2024 Guidance 92,585 8,829 7,595 6,282 10.5 Nov 14, 2024 IFRS
YoY +9.7% +64.3% +164.4% +90.6% +77.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 154,550 -4,948 -7,031 -12,673 -22.8 0 May 15, 2023 IFRS
Mar, 2024 162,604 -648 -4,551 -4,300 -7.7 0 May 15, 2024 IFRS
Mar, 2025 Guidance 177,700 6,300 3,100 2,000 3.4 May 15, 2024 IFRS
YoY +9.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 44,800 1,200 334 -95 -0.2 2.7 Feb 14, 2024 IFRS
Jan - Mar, 2024 39,616 4,175 2,538 3,391 6.1 10.5 May 15, 2024 IFRS
Apr - Jun, 2024 41,237 -2,894 -3,758 -2,853 -5.0 -7.0 Aug 14, 2024 IFRS
Jul - Sep, 2024 43,878 365 -737 -1,429 -2.5 0.8 Nov 14, 2024 IFRS
Oct - Dec, 2024 45,616 2,711 2,030 1,387 2.4 5.9 Feb 14, 2025 IFRS
YoY +1.8% +125.9% +507.8%

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