IRRC, Oct-Dec (2Q) Ordinary Profit Decreases by 49%

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Fri Feb 14, 2025 4:00 pm JST Earnings

7325 IRRC Corporation 【J-GAAP】

Earnings Report

IRRC Corporation <7325> [TSE Growth] announced its financial results after the market closed on February 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) expanded 268 million yen, an increase 30.1% compared to the same period last year. However, the progress rate toward the full-year plan of 705 million yen was 38.0%, also falling below the five-year average of 45.7%.

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 expand 31.6% from the same period last year, reaching 437 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit dropped to 85 million yen, a 49.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.1% in the same period last year to 3.7%.

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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	2,888	137	143	74	8.6	73.7	Feb 14, 2023	J-GAAP
Jul - Dec, 2023	3,577	203	206	110	13.2	38.3	Feb 14, 2024	J-GAAP
Jul - Dec, 2024	4,479	263	268	156	19.1	38.0	Feb 14, 2025	J-GAAP
YoY	+25.2%	+29.6%	+30.1%	+41.8%	+44.9%

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	－	0	Aug 26, 2024	J-GAAP
Jul - Dec, 2024 Results	4,479	263	268	156	19.1	0	Feb 14, 2025	J-GAAP
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	4,344	292	332	241	29.1	20	Aug 26, 2024	J-GAAP
Jan - Jun, 2025 Guidance	5,161	437	437	266	32.4	20	Feb 14, 2025	J-GAAP
YoY	+18.8%	+49.7%	+31.6%	+10.4%	+11.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2023	6,004	187	194	16	1.9	15	Aug 14, 2023	J-GAAP
Jun, 2024	7,921	495	538	351	42.4	20	Aug 26, 2024	J-GAAP
Jun, 2025 Guidance	9,640	700	705	422	51.5	20	Aug 26, 2024	J-GAAP
YoY	+21.7%	+41.4%	+31.0%	+20.2%	+21.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	2,048	165	168	96	11.5	8.1	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,089	155	183	113	13.6	7.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	2,255	137	149	128	15.5	6.1	Aug 26, 2024	J-GAAP
Jul - Sep, 2024	2,266	181	183	112	13.7	8.0	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	2,213	82	85	44	5.4	3.7	Feb 14, 2025	J-GAAP
YoY	+8.1%	-50.3%	-49.4%	-54.2%	-53.2%