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iRidge,Inc., First Half Ordinary Profit Turns to Profit, July-September Ordinary Profit Turns to Profit

Fri Nov 8, 2024 3:00 pm JST Earnings

3917 iRidge,Inc. 【J-GAAP】

Earnings Report

iRidge,Inc. <3917> [TSE-G] announced its financial results in the afternoon session on November 8th (15:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 64 million yen (compared to a loss of 324 million yen in the same period last year). The progress rate against the 110 million yen full-year plan was 58.2%.

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 significant drop by 80.6% from the same period last year to 46 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 109 million yen (compared to a loss of 120 million yen in the same period last year). The operating profit/loss margin drastically improved from -9.3% in the same period last year to 6.2%.

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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 2,191 -26 -23 -7 -1.0 ー Nov 11, 2022 J-GAAP
Apr - Sep, 2023 2,424 -330 -324 -240 -33.9 ー Nov 10, 2023 J-GAAP
Apr - Sep, 2024 3,068 68 64 34 4.6 58.2 Nov 8, 2024 J-GAAP
YoY +26.6% － － － －

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 3,068 68 64 34 4.6 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 3,288 239 237 -916 -128.3 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,332 52 46 36 4.6 0 Nov 8, 2024 J-GAAP
YoY +1.3% -78.2% -80.6% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,418 378 389 175 24.9 0 May 12, 2023 J-GAAP
Mar, 2024 5,712 -91 -87 -1,156 -161.9 0 May 10, 2024 J-GAAP
Mar, 2025 Guidance 6,400 120 110 70 9.0 0 May 10, 2024 J-GAAP
YoY +12.0% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,307 -122 -120 -85 -12.0 -9.3 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 1,425 -30 -30 -22 -3.1 -2.1 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 1,863 269 267 -894 -125.2 14.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,332 -40 -45 -49 -6.6 -3.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,736 108 109 83 11.2 6.2 Nov 8, 2024 J-GAAP
YoY +32.8% － － － －

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