Systena Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 5%, Exceeded record profit forecast

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Thu Oct 31, 2024 4:00 pm JST Earnings

2317 Systena Corporation 【J-GAAP】

Earnings Report

Systena Corporation <2317> [TSE-P] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 24.8% from the same period last year, reaching 5.41 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 4.5%, from the previous forecast of 11 billion yen to 11.5 billion yen (compared to 9.94 billion yen in the previous period), increasing the growth rate from 10.6% to 15.7%. The company has further increased its previous forecast of record profits for the first time in two years.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 8.6% from the same period last year, reaching 6.09 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.1% from the same period last year, reaching 2.75 billion yen. The operating profit margin rose from 13.1% in the same period last year to 14.4%.

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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
Apr - Sep, 2022	35,805	4,435	4,497	3,084	8.0	45.2	Oct 27, 2022	J-GAAP
Apr - Sep, 2023	37,521	4,368	4,334	2,976	7.7	43.6	Oct 26, 2023	J-GAAP
Apr - Sep, 2024	40,092	5,573	5,410	3,726	10.0	47.0	Oct 31, 2024	J-GAAP
YoY	+6.9%	+27.6%	+24.8%	+25.2%	+29.6%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	6	May 13, 2024	J-GAAP
Apr - Sep, 2024 Results	40,092	5,573	5,410	3,726	10.0	6	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	92,500	11,000	11,000	7,700	21.5	12	Jul 31, 2024	J-GAAP
Mar, 2025 New	87,500	11,500	11,500	8,050	22.5	12	Oct 31, 2024	J-GAAP
Revision Rate	-5.4%	+4.5%	+4.5%	+4.5%	+4.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	39,419	5,345	5,608	4,256	11.0	5	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	47,408	5,927	6,090	4,324	12.1	6	Oct 31, 2024	J-GAAP
YoY	+20.3%	+10.9%	+8.6%	+1.6%	+10.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	74,526	9,844	9,955	7,317	18.9	8	May 11, 2023	J-GAAP
Mar, 2024	76,940	9,713	9,942	7,232	18.7	10	May 13, 2024	J-GAAP
Mar, 2025 Guidance	87,500	11,500	11,500	8,050	22.5	12	Oct 31, 2024	J-GAAP
YoY	+13.7%	+18.4%	+15.7%	+11.3%	+20.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	18,787	2,459	2,553	1,756	4.5	13.1	Oct 26, 2023	J-GAAP
Oct - Dec, 2023	19,619	2,657	2,761	1,868	4.8	13.5	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	19,800	2,688	2,847	2,388	6.2	13.6	May 13, 2024	J-GAAP
Apr - Jun, 2024	19,746	2,643	2,651	1,816	4.7	13.4	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	20,346	2,930	2,759	1,910	5.1	14.4	Oct 31, 2024	J-GAAP
YoY	+8.3%	+19.2%	+8.1%	+8.8%	+12.6%