BayCurrent Inc, 21% Increase in Net Income, Update Record High for Eleventh Consecutive Term, Increased Previous Year's Dividend by 12 yen, This Fiscal Year to Increase Dividend by 38 yen

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Thu Apr 10, 2025 3:30 pm JST Earnings

6532 BayCurrent, Inc. 【IFRS】

Earnings Report

BayCurrent, Inc. <6532> [TSE Prime] announced its financial results (based on IFRS) after the market closed on April 10th (15:30). The consolidated net income for the fiscal year ending February 2025 increased 21.2% from the previous period to 30.7 billion yen. In the fiscal year ending February 2026, the profit is expected to grow by 21.3% to 37.3 billion yen, marking the eleventh consecutive term of record-high profits. This will be the eleventh consecutive term of revenue and profit growth.

At the same time, the company increased the annual dividend for the previous term from 50 yen to 62 yen (compared to 43 yen in the prior term), and has decided to significantly increase the dividend this fiscal year to 100 yen, an increase of 38 yen from the previous fiscal year.

In the most recent three-month period, from December to February (4Q), the consolidated net income grew 22.8% from the same period last year, reaching 9.56 billion yen. The operating profit margin rose from 38.3% in the same period last year to 42.6%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	76,090	29,916	29,875	21,910	143.0	37	Apr 14, 2023	IFRS
Feb, 2024	93,909	34,129	34,160	25,382	166.0	43	Apr 12, 2024	IFRS
Feb, 2025	116,056	42,615	42,546	30,760	202.2	62	Apr 10, 2025	IFRS
YoY	+23.6%	+24.9%	+24.5%	+21.2%	+21.8%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Guidance	115,000	41,100	41,000	30,300	199.3	50	Jan 14, 2025	IFRS
Feb, 2025 Results	116,056	42,615	42,546	30,760	202.2	62	Apr 10, 2025	IFRS
Revision Rate	+0.9%	+3.7%	+3.8%	+1.5%	+1.5%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024	54,094	18,129	18,089	13,368	87.8	25	Oct 10, 2024	IFRS
Mar - Aug, 2025 Guidance	ー	ー	ー	ー	－	50	Apr 10, 2025	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	93,909	34,129	34,160	25,382	166.0	43	Apr 12, 2024	IFRS
Feb, 2025	116,056	42,615	42,546	30,760	202.2	62	Apr 10, 2025	IFRS
Feb, 2026 Guidance	143,000	51,000	50,900	37,300	245.3	100	Apr 10, 2025	IFRS
YoY	+23.2%	+19.7%	+19.6%	+21.3%	+21.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2023	26,192	9,935	10,007	7,786	50.9	37.9	Apr 12, 2024	IFRS
Mar - May, 2024	27,297	9,455	9,436	6,973	45.7	34.6	Jul 11, 2024	IFRS
Jun - Aug, 2024	26,797	8,674	8,653	6,395	42.0	32.4	Oct 10, 2024	IFRS
Sep - Nov, 2024	29,431	10,618	10,599	7,832	51.5	36.1	Jan 14, 2025	IFRS
Dec - Feb, 2024	32,531	13,868	13,858	9,560	62.8	42.6	Apr 10, 2025	IFRS
YoY	+24.2%	+39.6%	+38.5%	+22.8%	+23.4%