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Seria Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 2% Increase

Thu Oct 31, 2024 3:00 pm JST Earnings

2782 Seria Co., Ltd. 【J-GAAP】

Earnings Report

Seria Co., Ltd. <2782> [TSE-S] announced its financial results after the market closed on October 31st (15:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 23.2% from the same period last year, reaching 7.7 billion yen.

In addition, the full-year ordinary profit has been revised upward by 3.0%, from the previous forecast of 15.2 billion yen to 15.6 billion yen (compared to 15.3 billion yen in the previous period), turning to a 2.2% increase in the ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 12.3% from the same period last year to 7.94 billion yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 21.4% from the same period last year, reaching 3.7 billion yen. The operating profit margin improved from 5.7% in the same period last year to 6.4%.

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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
Apr - Sep, 2022 104,457 8,051 8,084 5,426 72.1 51.8 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 107,128 6,180 6,251 4,063 54.0 40.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 115,899 7,647 7,701 5,093 67.7 49.2 Oct 31, 2024 J-GAAP
YoY +8.2% +23.7% +23.2% +25.4% +25.4%

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 113,600 6,900 6,950 4,500 59.8 35 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 115,899 7,647 7,701 5,093 67.7 35 Oct 31, 2024 J-GAAP
Revision Rate +2.0% +10.8% +10.8% +13.2% +13.2%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 232,800 15,100 15,200 9,950 132.2 70 May 10, 2024 J-GAAP
Mar, 2025 New 234,350 15,550 15,650 10,300 136.9 70 Oct 31, 2024 J-GAAP
Revision Rate +0.7% +3.0% +3.0% +3.5% +3.5%

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 116,074 8,941 9,064 5,760 76.6 35 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 118,451 7,903 7,949 5,207 69.2 35 Oct 31, 2024 J-GAAP
YoY +2.0% -11.6% -12.3% -9.6% -9.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 212,359 15,445 15,617 10,254 136.3 70 May 10, 2023 J-GAAP
Mar, 2024 223,202 15,121 15,315 9,823 130.6 70 May 10, 2024 J-GAAP
Mar, 2025 Guidance 234,350 15,550 15,650 10,300 136.9 70 Oct 31, 2024 J-GAAP
YoY +5.0% +2.8% +2.2% +4.9% +4.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 53,280 3,035 3,049 1,998 26.6 5.7 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 59,341 5,078 5,174 3,431 45.6 8.6 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 56,733 3,863 3,890 2,329 31.0 6.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 58,115 3,967 4,001 2,671 35.5 6.8 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 57,784 3,680 3,700 2,422 32.2 6.4 Oct 31, 2024 J-GAAP
YoY +8.5% +21.3% +21.4% +21.2% +21.3%

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