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Vega corporation Co.,Ltd., First Half Ordinary Profit Increases by 8.3 times

Thu Oct 31, 2024 3:00 pm JST Earnings

3542 Vega corporation Co.,Ltd. 【J-GAAP】

Earnings Report

Vega corporation Co.,Ltd. <3542> [TSE-G] 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) surged by 8.3 times that of the same period last year, reaching 298 million yen. However, The progress rate against the 1.2 billion yen full-year plan was 24.8%, also falling below the five-year average of 38.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 19.6% from the same period last year, reaching 902 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit increased by 46.2% from the same period last year, reaching 95 million yen. The operating profit margin improved from 1.6% in the same period last year to 2.6%.

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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 8,286 115 130 59 5.7 35.7 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 7,905 27 36 24 2.3 4.6 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 7,123 294 298 191 18.5 24.8 Oct 31, 2024 J-GAAP
YoY -9.9% +988.9% +727.8% +695.8% +693.1%

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 7,600 400 400 240 23.2 0 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 7,123 294 298 191 18.5 0 Oct 31, 2024 J-GAAP
Revision Rate -6.3% -26.5% -25.5% -20.4% -20.4%

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 8,158 744 754 370 35.5 10 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,877 906 902 529 51.5 11 Oct 31, 2024 J-GAAP
YoY +21.1% +21.8% +19.6% +43.0% +45.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 16,973 338 364 120 11.5 10 May 15, 2023 J-GAAP
Mar, 2024 16,063 771 790 394 37.8 10 May 15, 2024 J-GAAP
Mar, 2025 Guidance 17,000 1,200 1,200 720 70.2 11 May 15, 2024 J-GAAP
YoY +5.8% +55.6% +51.9% +82.7% +85.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 3,751 61 65 43 4.2 1.6 Oct 31, 2023 J-GAAP
Oct - Dec, 2023 3,907 275 283 86 8.3 7.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 4,251 469 471 284 27.3 11.0 May 15, 2024 J-GAAP
Apr - Jun, 2024 3,598 202 203 130 12.6 5.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 3,525 92 95 61 5.9 2.6 Oct 31, 2024 J-GAAP
YoY -6.0% +50.8% +46.2% +41.9% +41.5%

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