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Systems Engineering Consultants, The Current Fiscal Year Ordinary Profit Revised Upward by 6%, Raises Record High Profit Forecast, Dividend Revised Upward by 5 yen

Mon Feb 10, 2025 3:45 pm JST Earnings

3741 Systems Engineering Consultants Co.,LTD. 【J-GAAP】

Earnings Report

Systems Engineering Consultants Co.,LTD. <3741> [TSE Prime] announced its financial results after the market closed on February 10th (15:45). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 19.5% from the same period last year, reaching 1.31 billion yen.

In addition, the full-year ordinary profit has been revised upward 6.2%, from the previous forecast of 1.77 billion yen to 1.88 billion yen (compared to 1.54 billion yen in the previous period), increasing the growth rate from 14.4% to 21.5%, further surpassing the previous forecast of record-high profits for six consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the ordinary profit for the October to March period (2H) is expected to increase 11.4%, from the previous forecast of 0.96 billion yen to 1.07 billion yen (compared to 0.88 billion yen in the same period of the previous year), increasing the growth rate from 8.8% to 21.3%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 97 yen to 102 yen (compared to 87 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the ordinary profit grew 15.9% from the same period last year, reaching 0.51 billion yen. However, the operating profit margin decreased from 19.5% in the same period last year to 18.7%.

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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 5,320 819 867 606 59.5 67.8 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 6,080 1,056 1,104 770 75.6 71.4 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 7,093 1,249 1,319 922 90.4 70.2 Feb 10, 2025 J-GAAP
YoY +16.7% +18.3% +19.5% +19.7% +19.6%

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 5,055 916 961 664 65.1 48.50 Nov 11, 2024 J-GAAP
Oct - Mar, 2024 New 5,605 1,016 1,071 734 72.0 51 Feb 10, 2025 J-GAAP
Revision Rate +10.9% +10.9% +11.4% +10.5% +10.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 9,550 1,680 1,770 1,230 120.6 48.50 Nov 11, 2024 J-GAAP
Mar, 2025 New 10,100 1,780 1,880 1,300 127.5 51 Feb 10, 2025 J-GAAP
Revision Rate +5.8% +6.0% +6.2% +5.7% +5.7%

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 4,619 834 883 642 63.0 43.50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,605 1,016 1,071 734 72.0 51 Feb 10, 2025 J-GAAP
YoY +21.3% +21.8% +21.3% +14.3% +14.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 7,488 1,215 1,278 878 86.3 34.50 May 11, 2023 J-GAAP
Mar, 2024 8,534 1,467 1,547 1,105 108.5 43.50 May 13, 2024 J-GAAP
Mar, 2025 Guidance 10,100 1,780 1,880 1,300 127.5 51 Feb 10, 2025 J-GAAP
YoY +18.4% +21.3% +21.5% +17.6% +17.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,165 423 440 307 30.2 19.5 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 2,454 411 443 335 32.9 16.7 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,178 357 381 263 25.8 16.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,317 407 428 303 29.8 17.6 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 2,598 485 510 356 34.9 18.7 Feb 10, 2025 J-GAAP
YoY +20.0% +14.7% +15.9% +16.0% +15.8%

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