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SmartDrive, First Half Ordinary Profit Increases by 2.1 times, Jan-Mar Ordinary Profit Increases by 39%

Wed May 14, 2025 11:30 am JST Earnings

5137 SmartDrive inc. 【J-GAAP】

Earnings Report

SmartDrive inc. <5137> [TSE Growth] announced its financial results at noon (11:30) on May 14th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) surged 2.1 times that of the same period last year, reaching 146 million yen. The progress rate toward the full-year plan of 288 million yen was 50.7%, also surpassing the progress rate of 40.4% 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 April to September period (2H) is expected to expand 39.2% from the same period last year, reaching 142 million yen.

In the most recent three-month period, from January to March (2Q), the consolidated ordinary profit increased 38.8% from the same period last year, reaching 111 million yen. The operating profit margin rose from 14.2% in the same period last year to 14.7%.

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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
Oct - Mar, 2022 820 -37 -53 -54 -1.5 ー May 15, 2023 J-GAAP
Oct - Mar, 2023 1,070 71 69 68 1.9 40.4 May 14, 2024 J-GAAP
Oct - Mar, 2024 1,431 155 146 91 2.4 50.7 May 14, 2025 J-GAAP
YoY +33.7% +118.3% +111.6% +33.8% +31.4%

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 ー ー ー ー － 0 Nov 13, 2024 J-GAAP
Oct - Mar, 2024 Results 1,431 155 146 91 2.4 0 May 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
Apr - Sep, 2024 1,103 104 102 198 5.3 0 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 Guidance 1,648 146 142 296 7.9 0 May 14, 2025 J-GAAP
YoY +49.4% +40.4% +39.2% +49.5% +48.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 1,709 -9 -26 -28 -0.8 0 Nov 14, 2023 J-GAAP
Sep, 2024 2,173 175 171 266 7.1 0 Nov 13, 2024 J-GAAP
Sep, 2025 Guidance 3,079 301 288 387 10.3 0 Nov 13, 2024 J-GAAP
YoY +41.7% +72.0% +68.4% +45.5% +44.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 556 79 80 79 2.2 14.2 May 14, 2024 J-GAAP
Apr - Jun, 2024 526 63 65 64 1.7 12.0 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 577 41 37 134 3.6 7.1 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 641 39 35 21 0.6 6.1 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 790 116 111 70 1.9 14.7 May 14, 2025 J-GAAP
YoY +42.1% +46.8% +38.8% -11.4% -13.0%

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