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RS Technologies Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 8%, July-September Ordinary Profit Decreases by 26%

Mon Nov 11, 2024 4:00 pm JST Earnings

3445 RS Technologies Co.,Ltd. 【J-GAAP】

Earnings Report

RS Technologies Co.,Ltd. <3445> [TSE-P] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 7.8% from the same period last year to 11 billion yen. The progress rate against the 15.4 billion yen full-year plan was 71.9%, also falling below the five-year average of 77.9%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to expand by 48.9% from the same period last year, reaching 4.32 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 3.17 billion yen, a 25.7% decrease compared to the same period last year. However, the operating profit margin rose from 23.8% in the same period last year to 24.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 37,633 9,778 12,269 5,789 223.9 79.2 Nov 11, 2022 J-GAAP
Jan - Sep, 2023 39,470 9,576 12,017 5,965 226.8 80.5 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 44,554 9,669 11,075 5,593 212.2 71.9 Nov 11, 2024 J-GAAP
YoY +12.9% +1.0% -7.8% -6.2% -6.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 25,767 5,499 7,180 3,981 151.3 30 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 24,832 7,918 7,504 3,767 142.8 35 Aug 9, 2024 J-GAAP
YoY -3.6% +44.0% +4.5% -5.4% -5.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 49,864 13,018 15,500 7,739 299.3 17.50 Feb 13, 2023 J-GAAP
Dec, 2023 51,893 11,894 14,921 7,703 292.8 30 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 54,900 14,000 15,400 7,600 288.0 35 May 13, 2024 J-GAAP
YoY +5.8% +17.7% +3.2% -1.3% -1.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,344 3,181 4,276 2,243 85.3 23.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 12,423 2,318 2,904 1,738 66.1 18.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 15,358 2,632 3,589 1,781 67.6 17.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 14,710 3,450 4,307 2,052 77.9 23.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 14,486 3,587 3,179 1,760 66.8 24.8 Nov 11, 2024 J-GAAP
YoY +8.6% +12.8% -25.7% -21.5% -21.7%

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