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SYSTEMS DESIGN Co.,Ltd., First Half Ordinary Profit Decreases by 44%, July-September Ordinary Profit Decreases by 34%

Fri Nov 8, 2024 1:00 pm JST Earnings

3766 SYSTEMS DESIGN Co.,Ltd. 【J-GAAP】

Earnings Report

SYSTEMS DESIGN Co.,Ltd. <3766> [TSE-S] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 44.2% from the same period last year to 145 million yen. The progress rate against the 422 million yen full-year plan was 34.4%, almost the same as the five-year average of 31.9%.

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 decrease by 8.3% from the same period last year to 277 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 123 million yen, a 33.9% decrease compared to the same period last year. The operating profit margin worsened from 6.6% in the same period last year to 5.1%.

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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 4,568 264 268 162 47.6 44.3 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 4,582 225 260 153 45.1 46.3 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 4,611 133 145 80 23.5 34.4 Nov 8, 2024 J-GAAP
YoY +0.6% -40.9% -44.2% -47.7% -47.9%

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 ー ー ー ー － 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 4,611 133 145 80 23.5 0 Nov 8, 2024 J-GAAP
Revision Rate － － － － －

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 4,876 299 302 188 55.3 40 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,389 279 277 161 47.1 45 Nov 8, 2024 J-GAAP
YoY +10.5% -6.7% -8.3% -14.4% -14.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,410 588 605 380 111.8 24 May 12, 2023 J-GAAP
Mar, 2024 9,458 524 562 341 100.3 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 10,000 412 422 241 70.5 45 May 10, 2024 J-GAAP
YoY +5.7% -21.4% -24.9% -29.3% -29.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,310 153 186 114 33.6 6.6 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 2,468 184 185 114 33.5 7.5 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 2,408 115 117 74 21.8 4.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,259 13 22 3 1.2 0.6 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 2,352 120 123 77 22.6 5.1 Nov 8, 2024 J-GAAP
YoY +1.8% -21.6% -33.9% -32.5% -32.7%

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