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STEP, First Half Ordinary Profit Increases by 5%

Thu Apr 24, 2025 3:30 pm JST Earnings

9795 STEP CO.,LTD. 【J-GAAP】

Earnings Report

STEP CO.,LTD. <9795> [TSE Prime] announced its financial results after the market closed on April 24th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) increased 5.4% from the same period last year, reaching 2.39 billion yen. The progress rate toward the full-year plan of 3.7 billion yen was 64.7%, also surpassing the five-year average of 61.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the April to September period (2H) is expected to grow 1.8% from the same period last year, reaching 1.31 billion yen.

In the most recent three-month period, from January to March (2Q), the ordinary profit decreased to 0.72 billion yen, a 9.1% decrease compared to the same period last year. The operating profit margin decreased from 21.7% in the same period last year to 18.8%.

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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
Oct - Mar, 2022 7,520 2,285 2,311 1,592 95.9 71.7 Apr 27, 2023 J-GAAP
Oct - Mar, 2023 7,700 2,233 2,276 1,565 96.4 63.9 Apr 25, 2024 J-GAAP
Oct - Mar, 2024 8,159 2,352 2,398 1,652 104.3 64.7 Apr 24, 2025 J-GAAP
YoY +6.0% +5.3% +5.4% +5.6% +8.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 8,052 2,262 2,292 1,573 99.4 40 Oct 31, 2024 J-GAAP
Oct - Mar, 2024 Results 8,159 2,352 2,398 1,652 104.3 40 Apr 24, 2025 J-GAAP
Revision Rate +1.3% +4.0% +4.6% +5.0% +4.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 7,398 1,278 1,288 943 58.5 40 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 Guidance 7,555 1,322 1,311 889 56.3 41 Apr 24, 2025 J-GAAP
YoY +2.1% +3.4% +1.8% -5.7% -3.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 14,442 3,192 3,225 2,405 145.7 72 Oct 31, 2023 J-GAAP
Sep, 2024 15,098 3,511 3,564 2,508 155.6 77 Oct 31, 2024 J-GAAP
Sep, 2025 Guidance 15,714 3,674 3,709 2,541 161.0 81 Oct 31, 2024 J-GAAP
YoY +4.1% +4.6% +4.1% +1.3% +3.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 3,582 779 801 550 33.9 21.7 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 3,482 496 498 340 21.0 14.2 Jul 25, 2024 J-GAAP
Jul - Sep, 2024 3,916 782 790 603 37.4 20.0 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 4,513 1,665 1,670 1,152 72.7 36.9 Jan 30, 2025 J-GAAP
Jan - Mar, 2025 3,646 687 728 500 31.6 18.8 Apr 24, 2025 J-GAAP
YoY +1.8% -11.8% -9.1% -9.1% -6.8%

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