RENAISSANCE INC, The Current Fiscal Year Ordinary Profit Revised Upward by 20%, Dividend Revised Upward by 1 yen

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Fri Feb 7, 2025 3:30 pm JST Earnings

2378 RENAISSANCE,INCORPORATED 【J-GAAP】

Earnings Report

RENAISSANCE,INCORPORATED <2378> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.18 billion yen, an increase 37.9% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 20.0%, from the previous forecast of 1 billion yen to 1.2 billion yen (compared to 0.52 billion yen in the previous period), increasing the growth rate from 90.8% to 2.3 times.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 37.6%, from the previous forecast of 0.53 billion yen to 0.73 billion yen (compared to 0.31 billion yen in the same period of the previous year), increasing the growth rate from 71.6% to 2.4 times.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 11 yen to 12 yen (compared to 10 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 11.3% from the same period last year, reaching 0.72 billion yen. However, the operating profit margin worsened from 6.9% in the same period last year to 5.0%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	30,312	498	229	12	0.7	73.6	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	32,422	1,055	862	614	31.8	164.5	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	47,572	1,682	1,189	724	37.5	99.1	Feb 7, 2025	J-GAAP
YoY	+46.7%	+59.4%	+37.9%	+17.9%	+18.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	32,133	926	532	478	24.5	8	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	32,133	1,026	732	578	29.8	9	Feb 7, 2025	J-GAAP
Revision Rate	0.0%	+10.8%	+37.6%	+20.9%	+21.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	63,500	1,800	1,000	700	35.9	11	Nov 8, 2024	J-GAAP
Mar, 2025 New	63,500	1,900	1,200	800	41.2	12	Feb 7, 2025	J-GAAP
Revision Rate	0.0%	+5.6%	+20.0%	+14.3%	+14.8%

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	22,472	980	310	482	24.8	7	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	32,133	1,026	732	578	29.8	9	Feb 7, 2025	J-GAAP
YoY	+43.0%	+4.7%	+136.1%	+19.9%	+20.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	40,760	680	311	-1,141	-60.4	8	May 10, 2023	J-GAAP
Mar, 2024	43,627	1,261	524	632	32.5	10	May 10, 2024	J-GAAP
Mar, 2025 Guidance	63,500	1,900	1,200	800	41.2	12	Feb 7, 2025	J-GAAP
YoY	+45.6%	+50.7%	+129.0%	+26.6%	+27.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	11,267	774	648	464	24.0	6.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	11,205	206	-338	18	0.9	1.8	May 10, 2024	J-GAAP
Apr - Jun, 2024	15,435	372	242	198	10.3	2.4	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	15,932	502	226	24	1.2	3.2	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	16,205	808	721	502	26.0	5.0	Feb 7, 2025	J-GAAP
YoY	+43.8%	+4.4%	+11.3%	+8.2%	+8.5%