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SCINEX CORPORATION, July-September (2Q) Ordinary Profit Loss Narrows

Fri Nov 8, 2024 3:40 pm JST Earnings

2376 SCINEX CORPORATION 【J-GAAP】

Earnings Report

SCINEX CORPORATION <2376> [TSE-S] announced its financial results after the market closed on November 8th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 36.8% from the same period last year to 86 million yen. The progress rate against the 610 million yen full-year plan was 14.1%, almost the same as the five-year average of 17.0%.

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 grow by 12.2% from the same period last year, reaching 524 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 22 million yen (compared to a loss of 53 million yen in the same period last year). The operating profit/loss margin significantly improved from -2.6% in the same period last year to 1.0%.

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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
Apr - Sep, 2022 6,706 -49 42 -3 -0.7 7.7 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 7,193 28 136 73 13.1 22.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 7,818 113 86 48 8.6 14.1 Nov 8, 2024 J-GAAP
YoY +8.7% +303.6% -36.8% -34.2% -34.5%

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 － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 7,818 113 86 48 8.6 0 Nov 8, 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 8,197 476 467 304 54.3 15 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,682 437 524 342 61.0 15 Nov 8, 2024 J-GAAP
YoY -6.3% -8.2% +12.2% +12.5% +12.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,293 484 549 312 55.8 12.50 May 12, 2023 J-GAAP
Mar, 2024 15,390 504 603 377 67.3 15 May 10, 2024 J-GAAP
Mar, 2025 Guidance 15,500 550 610 390 69.5 15 May 10, 2024 J-GAAP
YoY +0.7% +9.1% +1.2% +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 3,438 -89 -53 -48 -8.6 -2.6 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 3,975 176 145 82 14.6 4.4 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,222 300 322 222 39.7 7.1 May 10, 2024 J-GAAP
Apr - Jun, 2024 3,880 75 108 59 10.6 1.9 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 3,938 38 -22 -11 -2.0 1.0 Nov 8, 2024 J-GAAP
YoY +14.5% － +58.5% +77.1% +77.2%

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