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YE DIGITAL Corporation, First Half Ordinary Profit Increases by 12%

Mon Sep 30, 2024 4:00 pm JST Earnings

2354 YE DIGITAL Corporation 【J-GAAP】

Earnings Report

YE DIGITAL Corporation <2354> [TSE-S] announced its financial results after the market closed on September 30th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 11.6% from the same period last year, reaching 856 million yen. The progress rate against the 1.85 billion yen full-year plan was 46.3%, exceeding the five-year average of 36.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 25.5% from the same period last year, reaching 994 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit decreased to 535 million yen, a 3.8% decrease compared to the same period last year. The operating profit margin decreased from 10.1% in the same period last year to 9.4%.

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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
Mar - Aug, 2022 7,083 139 97 304 16.8 11.6 Sep 29, 2022 J-GAAP
Mar - Aug, 2023 9,749 715 767 473 26.1 49.2 Sep 29, 2023 J-GAAP
Mar - Aug, 2024 10,081 797 856 559 30.7 46.3 Sep 30, 2024 J-GAAP
YoY +3.4% +11.5% +11.6% +18.2% +17.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 10,300 800 840 520 28.4 10 Aug 20, 2024 J-GAAP
Mar - Aug, 2024 Results 10,081 797 856 559 30.7 10 Sep 30, 2024 J-GAAP
Revision Rate -2.1% -0.4% +1.9% +7.5% +8.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 9,755 773 792 619 34.1 7 Mar 29, 2024 J-GAAP
Sep - Feb, 2024 Guidance 10,219 1,003 994 641 35.0 10 Sep 30, 2024 J-GAAP
YoY +4.8% +29.8% +25.5% +3.6% +2.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 16,151 909 836 783 43.2 10 Mar 30, 2023 J-GAAP
Feb, 2024 19,504 1,488 1,559 1,092 60.2 12 Mar 29, 2024 J-GAAP
Feb, 2025 Guidance 20,300 1,800 1,850 1,200 65.5 20 Aug 20, 2024 J-GAAP
YoY +4.1% +21.0% +18.7% +9.9% +8.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 5,333 536 556 377 20.8 10.1 Sep 29, 2023 J-GAAP
Sep - Nov, 2023 5,102 490 508 316 17.4 9.6 Dec 22, 2023 J-GAAP
Dec - Feb, 2023 4,653 283 284 303 16.7 6.1 Mar 29, 2024 J-GAAP
Mar - May, 2024 5,064 326 321 191 10.5 6.4 Jun 27, 2024 J-GAAP
Jun - Aug, 2024 5,017 471 535 368 20.2 9.4 Sep 30, 2024 J-GAAP
YoY -5.9% -12.1% -3.8% -2.4% -2.9%

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