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ValueCommerce, First Half Ordinary Profit Revised Downward to an Unexpected 26% Decrease, Full Year also Reduced

Wed Apr 30, 2025 5:00 pm JST Earnings

2491 ValueCommerce Co., Ltd. 【J-GAAP】

Earnings Report

ValueCommerce Co., Ltd. <2491> [TSE Prime] announced its financial results after the market closed on April 30th (17:00). The consolidated ordinary profit for the first quarter of the fiscal year ending December 2025 (January to March) decreased 20.8% from the same period last year to 1.06 billion yen.

In addition, the January to June period (1H) consolidated ordinary profit has decreased 28.0%, from the previous forecast of 2.3 billion yen to 1.65 billion yen (compared to 2.22 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 25.5% decrease in profit.

Due to the deterioration of business performance in the first half of the year, the full-year consolidated ordinary profit has decreased 40.0%, from the previous forecast of 2.5 billion yen to 1.5 billion yen (compared to 4.12 billion yen in the previous period), leading to an increase in the profit decline rate from 39.3% to 63.6%.

In the most recent three-month period, from January to March (1Q), the operating profit margin decreased from 17.2% in the same period last year to 12.9%.

Kabutan News

Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Mar, 2023 7,685 1,488 1,486 1,021 31.6 54.6 Apr 27, 2023 J-GAAP
Jan - Mar, 2024 7,653 1,315 1,340 913 28.3 60.3 Apr 25, 2024 J-GAAP
Jan - Mar, 2025 8,181 1,055 1,061 1,053 48.7 64.1 Apr 30, 2025 J-GAAP
YoY +6.9% -19.8% -20.8% +15.3% +72.2%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Prev 15,100 2,300 2,300 2,000 92.3 25 Jan 31, 2025 J-GAAP
Jan - Jun, 2025 New 14,455 1,655 1,655 2,000 92.3 25 Apr 30, 2025 J-GAAP
Revision Rate -4.3% -28.0% -28.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 23,900 2,500 2,500 2,100 96.9 49 Jan 31, 2025 J-GAAP
Dec, 2025 New 22,900 1,500 1,500 2,100 96.9 49 Apr 30, 2025 J-GAAP
Revision Rate -4.2% -40.0% -40.0% 0.0% 0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 14,957 2,198 2,222 1,512 52.5 25 Jul 26, 2024 J-GAAP
Jan - Jun, 2025 Guidance 14,455 1,655 1,655 2,000 92.3 25 Apr 30, 2025 J-GAAP
YoY -3.4% -24.7% -25.5% +32.3% +75.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 29,396 5,229 5,217 3,400 105.2 53 Jan 30, 2024 J-GAAP
Dec, 2024 30,410 4,160 4,121 2,855 113.2 57 Jan 31, 2025 J-GAAP
Dec, 2025 Guidance 22,900 1,500 1,500 2,100 96.9 49 Apr 30, 2025 J-GAAP
YoY -24.7% -63.9% -63.6% -26.4% -14.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 7,653 1,315 1,340 913 28.3 17.2 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 7,304 883 882 599 20.8 12.1 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 7,310 923 925 625 23.7 12.6 Oct 28, 2024 J-GAAP
Oct - Dec, 2024 8,143 1,039 974 718 28.5 12.8 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 8,181 1,055 1,061 1,053 48.7 12.9 Apr 30, 2025 J-GAAP
YoY +6.9% -19.8% -20.8% +15.3% +72.2%

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