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ValueCommerce, First Half Ordinary Profit Decreases by 12%, Exceeds Full-Year Plan

Mon Jul 28, 2025 4:00 pm JST Earnings

2491 ValueCommerce Co., Ltd. 【J-GAAP】

Earnings Report

ValueCommerce Co., Ltd. <2491> [TSE Prime] announced its financial results after the market closed on July 28th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) decreased 12.0% from the same period last year to 1.95 billion yen. However, Progress toward the full-year plan of 1.50 billion yen is 130.4%, already exceeding the target and also exceeding the five-year average of 51.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the July to December period (second half) is expected to turn into a loss of 0.45 billion yen (compared to a profit of 1.89 billion yen in the same period last year).

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit amounted to 0.89 billion yen, an increase of 1.5% compared to the same period last year. However, the operating profit margin remained almost flat, changing from 12.1% in the same period last year to 12.0%.

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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
Jan - Jun, 2023 14,787 2,718 2,723 1,850 57.2 52.2 Jul 28, 2023 J-GAAP
Jan - Jun, 2024 14,957 2,198 2,222 1,512 52.5 53.9 Jul 26, 2024 J-GAAP
Jan - Jun, 2025 15,958 1,992 1,956 1,884 87.0 130.4 Jul 28, 2025 J-GAAP
YoY +6.7% -9.4% -12.0% +24.6% +65.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 14,455 1,655 1,655 2,000 92.3 25 Apr 30, 2025 J-GAAP
Jan - Jun, 2025 Results 15,958 1,992 1,956 1,884 87.0 25 Jul 28, 2025 J-GAAP
Revision Rate +10.4% +20.4% +18.2% -5.8% -5.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 15,453 1,962 1,899 1,343 53.3 32 Jan 31, 2025 J-GAAP
Jul - Dec, 2025 Guidance 6,942 -492 -456 216 10.0 24 Jul 28, 2025 J-GAAP
YoY -55.1% － － -83.9% -81.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 29,396 5,229 5,217 3,400 105.2 53 Jan 30, 2024 J-GAAP
Dec, 2024 30,410 4,160 4,121 2,855 113.2 57 Jan 31, 2025 J-GAAP
Dec, 2025 Guidance 22,900 1,500 1,500 2,100 96.9 49 Apr 30, 2025 J-GAAP
YoY -24.7% -63.9% -63.6% -26.4% -14.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 7,304 883 882 599 20.8 12.1 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 7,310 923 925 625 23.7 12.6 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 8,143 1,039 974 718 28.5 12.8 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 8,181 1,055 1,061 1,053 48.7 12.9 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 7,777 937 895 831 38.4 12.0 Jul 28, 2025 J-GAAP
YoY +6.5% +6.1% +1.5% +38.7% +84.6%

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