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RECOMM, First Half Net Income Unexpectedly Revised Upward by 20%

Wed May 14, 2025 3:30 pm JST Earnings

3323 RECOMM CO.,LTD. 【IFRS】

Earnings Report

RECOMM CO.,LTD. <3323> [TSE Std] announced its financial results (based on IFRS) after the market closed on May 14th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) increased 20.3% from the same period last year, reaching 154 million yen, resulting in an increase in profits compared to the previous forecast of a 6.3% decrease.

However, The progress rate toward the full-year plan of 430 million yen was 35.8%, also falling below the four-year average of 78.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the April to September period (2H) is expected to turn into a profit of 276 million yen (compared to a loss of 45 million yen in the same period last year).

In the most recent three-month period, from January to March (2Q), the consolidated net income increased 53.0% from the same period last year, reaching 127 million yen. However, the operating profit margin worsened from 6.7% in the same period last year to 4.3%.

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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
Oct - Mar, 2022 4,574 136 133 76 0.9 27.1 May 15, 2023 IFRS
Oct - Mar, 2023 5,501 178 212 128 1.6 69.1 May 15, 2024 IFRS
Oct - Mar, 2024 6,617 193 255 154 1.9 36.4 May 14, 2025 IFRS
YoY +20.3% +8.4% +20.3% +20.3% +21.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 6,800 220 220 120 1.5 0 Nov 14, 2024 IFRS
Oct - Mar, 2024 Results 6,617 193 255 154 1.9 0 May 14, 2025 IFRS
Revision Rate -2.7% -12.3% +15.9% +28.3% +28.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 6,186 91 95 -45 -0.6 1.60 Nov 14, 2024 IFRS
Apr - Sep, 2025 Guidance 8,183 507 445 276 3.4 1.60 May 14, 2025 IFRS
YoY +32.3% +457.1% +368.4% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2023 9,510 450 490 314 3.9 1.60 Nov 14, 2023 IFRS
Sep, 2024 11,687 269 307 83 1.0 1.60 Nov 14, 2024 IFRS
Sep, 2025 Guidance 14,800 700 700 430 5.3 1.60 Nov 14, 2024 IFRS
YoY +26.6% +160.2% +128.0% +418.1% +417.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 2,643 176 167 83 1.0 6.7 May 15, 2024 IFRS
Apr - Jun, 2024 2,709 -28 -41 -43 -0.5 -1.0 Aug 9, 2024 IFRS
Jul - Sep, 2024 3,477 119 136 -2 0.0 3.4 Nov 14, 2024 IFRS
Oct - Dec, 2024 3,222 46 38 27 0.3 1.4 Feb 14, 2025 IFRS
Jan - Mar, 2025 3,395 147 217 127 1.6 4.3 May 14, 2025 IFRS
YoY +28.5% -16.5% +29.9% +53.0% +54.9%

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