ZIGExN, The Current Fiscal Year Net Income Revised Downward by 11%

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Fri Feb 7, 2025 3:30 pm JST Earnings

3679 ZIGExN Co., Ltd. 【IFRS】

Earnings Report

ZIGExN Co., Ltd. <3679> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 7th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 2.8 billion yen, a 0.9% increase compared to the same period last year.

However, the full-year consolidated net income has decreased 11.2%, from the previous forecast of 4.3 billion yen to 3.82 billion yen (compared to 3.8 billion yen in the previous period), leading to a reduction in the profit growth rate from 13.2% to 0.5%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (2H) has decreased 19.9%, from the previous forecast of 2.41 billion yen to 1.93 billion yen (compared to 2 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 3.6% decrease in profit.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 0.91 billion yen, a 6.8% decrease compared to the same period last year. The operating profit margin decreased from 23.6% in the same period last year to 21.2%.

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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
Apr - Dec, 2022	13,118	2,867	2,851	2,038	19.3	67.9	Feb 7, 2023	IFRS
Apr - Dec, 2023	16,920	3,860	3,843	2,775	26.7	70.8	Feb 8, 2024	IFRS
Apr - Dec, 2024	18,537	4,118	4,106	2,800	27.5	73.3	Feb 7, 2025	IFRS
YoY	+9.6%	+6.7%	+6.8%	+0.9%	+2.9%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	15,228	3,510	3,540	2,414	24.0	7.50	Nov 7, 2024	IFRS
Oct - Mar, 2024 New	12,728	2,810	2,840	1,934	19.3	7.50	Feb 7, 2025	IFRS
Revision Rate	-16.4%	-19.9%	-19.8%	-19.9%	-19.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	27,500	6,300	6,300	4,300	42.8	7.50	May 9, 2024	IFRS
Mar, 2025 New	25,000	5,600	5,600	3,820	38.0	7.50	Feb 7, 2025	IFRS
Revision Rate	-9.1%	-11.1%	-11.1%	-11.2%	-11.2%

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	12,046	2,881	2,903	2,006	19.3	6.50	May 9, 2024	IFRS
Oct - Mar, 2024 Guidance	12,728	2,810	2,840	1,934	19.3	7.50	Feb 7, 2025	IFRS
YoY	+5.7%	-2.5%	-2.2%	-3.6%	-0.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	18,709	4,180	4,199	2,930	27.9	4	May 10, 2023	IFRS
Mar, 2024	23,249	5,394	5,430	3,800	36.5	6.50	May 9, 2024	IFRS
Mar, 2025 Guidance	25,000	5,600	5,600	3,820	38.0	7.50	Feb 7, 2025	IFRS
YoY	+7.5%	+3.8%	+3.1%	+0.5%	+4.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	5,717	1,347	1,316	981	9.4	23.6	Feb 8, 2024	IFRS
Jan - Mar, 2024	6,329	1,534	1,587	1,025	9.9	24.2	May 9, 2024	IFRS
Apr - Jun, 2024	6,173	1,452	1,444	981	9.5	23.5	Aug 7, 2024	IFRS
Jul - Sep, 2024	6,099	1,338	1,316	905	8.8	21.9	Nov 7, 2024	IFRS
Oct - Dec, 2024	6,265	1,328	1,346	914	9.0	21.2	Feb 7, 2025	IFRS
YoY	+9.6%	-1.4%	+2.3%	-6.8%	-5.0%