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Restar Corporation, July-September (2Q) Ordinary Profit Decreases by 50%

Wed Nov 13, 2024 4:00 pm JST Earnings

3156 Restar Corporation 【J-GAAP】

Earnings Report

Restar Corporation <3156> [TSE-P] announced its financial results after the market closed on November 13th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 16.8% from the same period last year, reaching 4.62 billion yen. However, The progress rate against the 10.5 billion yen full-year plan was 44.0%, also falling below the five-year average of 54.2%.

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 October to March period (second half) is expected to grow by 2.5% from the same period last year, reaching 5.87 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 1.09 billion yen, a 50.5% decrease compared to the same period last year. The operating profit margin worsened from 3.5% in the same period last year to 1.6%.

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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 239,795 8,445 8,474 4,613 153.5 70.4 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 245,264 7,098 3,955 3,367 112.0 40.8 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 273,042 6,826 4,621 4,391 146.1 44.0 Nov 13, 2024 J-GAAP
YoY +11.3% -3.8% +16.8% +30.4% +30.4%

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 ー ー ー ー － 60 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 273,042 6,826 4,621 4,391 146.1 60 Nov 13, 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 267,220 8,833 5,735 3,637 121.0 60 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 286,958 9,174 5,879 3,609 128.4 60 Nov 13, 2024 J-GAAP
YoY +7.4% +3.9% +2.5% -0.8% +6.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 487,129 14,423 12,043 7,085 235.6 115 May 12, 2023 J-GAAP
Mar, 2024 512,484 15,931 9,690 7,004 233.0 115 May 13, 2024 J-GAAP
Mar, 2025 Guidance 560,000 16,000 10,500 8,000 284.5 120 May 13, 2024 J-GAAP
YoY +9.3% +0.4% +8.4% +14.2% +22.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 125,701 4,343 2,203 2,684 89.3 3.5 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 129,618 4,218 2,265 1,406 46.8 3.3 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 137,602 4,615 3,470 2,231 74.2 3.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 135,425 4,624 3,530 3,013 100.2 3.4 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 137,617 2,202 1,091 1,378 45.8 1.6 Nov 13, 2024 J-GAAP
YoY +9.5% -49.3% -50.5% -48.7% -48.7%

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