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SOFTCREATE HOLDINGS CORP., First Half Ordinary Profit Decreases by 3%

Wed Oct 30, 2024 3:00 pm JST Earnings

3371 SOFTCREATE HOLDINGS CORP. 【J-GAAP】

Earnings Report

SOFTCREATE HOLDINGS CORP. <3371> [TSE-P] announced its financial results after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) decreased by 3.4% from the same period last year to 2.75 billion yen. The progress rate against the 5.68 billion yen full-year plan was 48.5%, almost the same as the five-year average of 51.5%.

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 16.8% from the same period last year, reaching 2.92 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 1.53 billion yen, an increase of 2.3% compared to the same period last year. However, the operating profit margin decreased from 19.9% in the same period last year to 19.2%.

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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 11,554 2,021 2,138 1,260 49.8 47.6 Nov 1, 2022 J-GAAP
Apr - Sep, 2023 13,852 2,691 2,852 1,654 66.0 53.3 Nov 1, 2023 J-GAAP
Apr - Sep, 2024 15,171 2,615 2,756 1,768 70.5 48.5 Oct 30, 2024 J-GAAP
YoY +9.5% -2.8% -3.4% +6.9% +6.8%

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 14,445 2,414 2,536 1,564 62.4 27.50 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 15,171 2,615 2,756 1,768 70.5 27.50 Oct 30, 2024 J-GAAP
Revision Rate +5.0% +8.3% +8.7% +13.0% +13.0%

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 14,060 2,478 2,503 1,603 63.9 24 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,829 2,865 2,924 1,682 67.5 27.50 Oct 30, 2024 J-GAAP
YoY +5.5% +15.6% +16.8% +4.9% +5.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 24,253 4,322 4,489 2,738 108.7 25 May 10, 2023 J-GAAP
Mar, 2024 27,912 5,169 5,355 3,257 129.9 48 May 9, 2024 J-GAAP
Mar, 2025 Guidance 30,000 5,480 5,680 3,450 138.5 55 May 9, 2024 J-GAAP
YoY +7.5% +6.0% +6.1% +5.9% +6.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,198 1,434 1,497 845 33.7 19.9 Nov 1, 2023 J-GAAP
Oct - Dec, 2023 6,919 1,381 1,471 971 38.7 20.0 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 7,141 1,097 1,032 632 25.2 15.4 May 9, 2024 J-GAAP
Apr - Jun, 2024 7,099 1,067 1,225 853 34.0 15.0 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 8,072 1,548 1,531 915 36.5 19.2 Oct 30, 2024 J-GAAP
YoY +12.1% +7.9% +2.3% +8.3% +8.2%

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