Ridge-i, First Half Ordinary Profit Increases by 4.2 times

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Thu Mar 13, 2025 4:30 pm JST Earnings

5572 Ridge-i Inc. 【J-GAAP】

Earnings Report

Ridge-i Inc. <5572> [TSE Growth] announced its financial results after the market closed on March 13th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending July 2025 (August 2024 to January 2025) surged 4.2 times that of the previous period non-consolidated to 202 million yen, exceeded the previous forecast of 115 million yen.

The progress rate toward the full-year plan of 230 million yen was 87.8%, also surpassing the progress rate of 31.4% from the same period of the previous year.

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 February to July period (2H) is expected to significant drop 73.3% from the previous period non-consolidated to 28 million yen.

In the most recent three-month period, from November to January (2Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 103 million yen. However, the operating profit margin decreased from 15.4% in the same period last year to 13.9%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

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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
Aug - Jan, 2023	491	48	48	32	8.7	31.4	Mar 12, 2024	J-GAAP
Aug - Jan, 2024	1,407	200	202	99	25.8	87.8	Mar 13, 2025	J-GAAP
YoY	+186.6%	+316.7%	+320.8%	+209.4%	+197.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2024 Guidance	1,300	115	115	57	14.7	0	Sep 11, 2024	J-GAAP
Aug - Jan, 2024 Results	1,407	200	202	99	25.8	0	Mar 13, 2025	J-GAAP
Revision Rate	+8.2%	+73.9%	+75.7%	+73.7%	+74.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024	580	104	105	89	23.5	0	Sep 11, 2024	J-GAAP
Feb - Jul, 2025 Guidance	1,203	30	28	16	4.1	0	Mar 13, 2025	J-GAAP
YoY	+107.4%	-71.2%	-73.3%	-82.0%	-82.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2023	790	70	60	44	12.5	0	Sep 12, 2023	J-GAAP
Jul, 2024	1,071	152	153	121	32.0	0	Sep 11, 2024	J-GAAP
Jul, 2025 Guidance	2,610	230	230	115	29.6	0	Sep 11, 2024	J-GAAP
YoY	+143.7%	+51.3%	+50.3%	-5.0%	-7.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Nov - Jan, 2023	279	43	43	29	7.9	15.4	Mar 12, 2024	J-GAAP
Feb - Apr, 2024	289	81	82	53	14.1	28.0	Jun 10, 2024	J-GAAP
May - Jul, 2024	291	23	23	36	9.5	7.9	Sep 11, 2024	J-GAAP
Aug - Oct, 2024	688	100	99	51	13.3	14.5	Dec 13, 2024	J-GAAP
Nov - Jan, 2024	719	100	103	48	12.5	13.9	Mar 13, 2025	J-GAAP
YoY	+157.7%	+132.6%	+139.5%	+65.5%	+58.9%