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Quest Co., Ltd., July-September (2Q) Ordinary Profit Decreases by 8%

Mon Nov 11, 2024 5:00 pm JST Earnings

2332 Quest Co., Ltd. 【J-GAAP】

Earnings Report

Quest Co., Ltd. <2332> [TSE-S] announced its financial results after the market closed on November 11th (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 9.9% from the same period last year, reaching 535 million yen. However, The progress rate against the 1.09 billion yen full-year plan was 49.1%, almost the same as the five-year average of 47.5%.

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 by 3.3% from the same period last year to 555 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 288 million yen, a 7.7% decrease compared to the same period last year. The operating profit margin worsened from 8.4% in the same period last year to 7.3%.

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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 6,948 502 535 360 67.7 51.8 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 7,001 453 487 326 61.0 45.9 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 7,234 496 535 356 66.5 49.1 Nov 11, 2024 J-GAAP
YoY +3.3% +9.5% +9.9% +9.2% +9.0%

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 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 7,234 496 535 356 66.5 0 Nov 11, 2024 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
Oct - Mar, 2023 7,223 544 574 370 69.1 49 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,766 554 555 364 67.9 49 Nov 11, 2024 J-GAAP
YoY +7.5% +1.8% -3.3% -1.6% -1.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,201 976 1,033 690 129.3 46 May 12, 2023 J-GAAP
Mar, 2024 14,224 997 1,061 696 130.1 49 May 13, 2024 J-GAAP
Mar, 2025 Guidance 15,000 1,050 1,090 720 134.3 49 May 13, 2024 J-GAAP
YoY +5.5% +5.3% +2.7% +3.4% +3.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,553 299 312 210 39.3 8.4 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 3,587 338 353 239 44.7 9.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 3,636 206 221 131 24.5 5.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 3,582 228 247 162 30.3 6.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,652 268 288 194 36.3 7.3 Nov 11, 2024 J-GAAP
YoY +2.8% -10.4% -7.7% -7.6% -7.8%

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