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System Location Co, First Half Ordinary Profit Increases by 8%
2480 System Location Co.,Ltd. 【J-GAAP】
Earnings ReportSystem Location Co.,Ltd. <2480> [TSE Std] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 7.7% from the same period last year, reaching 350 million yen. Progress toward the full-year plan of 545 million yen was 64.2%, also surpassing the five-year average of 51.0%.
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 October to March period (second half) is expected to decrease 26.1% from the same period last year to 195 million yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 169 million yen, an 8.6% decrease compared to the same period last year. The operating profit margin decreased from 38.0% in the same period last year to 37.3%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 856 | 293 | 320 | 183 | 52.1 | 51.6 | Nov 2, 2023 | J-GAAP |
| Apr - Sep, 2024 | 844 | 273 | 325 | 190 | 53.9 | 55.2 | Nov 1, 2024 | J-GAAP |
| Apr - Sep, 2025 | 862 | 322 | 350 | 223 | 63.4 | 64.2 | Nov 7, 2025 | J-GAAP |
| YoY | +2.1% | +17.9% | +7.7% | +17.4% | +17.6% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 862 | 320 | 348 | 221 | 62.6 | 0 | Oct 20, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 862 | 322 | 350 | 223 | 63.4 | 0 | Nov 7, 2025 | J-GAAP |
| Revision Rate | 0.0% | +0.6% | +0.6% | +0.9% | +1.2% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 822 | 263 | 264 | 140 | 39.8 | 38 | May 2, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 838 | 188 | 195 | 127 | 36.0 | 38 | Nov 7, 2025 | J-GAAP |
| YoY | +1.9% | -28.5% | -26.1% | -9.3% | -9.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 1,741 | 580 | 620 | 373 | 106.0 | 38 | May 2, 2024 | J-GAAP |
| Mar, 2025 | 1,666 | 536 | 589 | 330 | 93.8 | 38 | May 2, 2025 | J-GAAP |
| Mar, 2026 Guidance | 1,700 | 510 | 545 | 350 | 99.2 | 38 | Oct 20, 2025 | J-GAAP |
| YoY | +2.0% | -4.9% | -7.5% | +6.1% | +5.8% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 426 | 162 | 185 | 47 | 13.3 | 38.0 | Nov 1, 2024 | J-GAAP |
| Oct - Dec, 2024 | 410 | 140 | 150 | 86 | 24.4 | 34.1 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 412 | 123 | 114 | 54 | 15.3 | 29.9 | May 2, 2025 | J-GAAP |
| Apr - Jun, 2025 | 428 | 160 | 181 | 115 | 32.8 | 37.4 | Aug 1, 2025 | J-GAAP |
| Jul - Sep, 2025 | 434 | 162 | 169 | 108 | 30.7 | 37.3 | Nov 7, 2025 | J-GAAP |
| YoY | +1.9% | 0.0% | -8.6% | +129.8% | +130.3% |
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