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RAKUS Co.,Ltd, The Current Fiscal Year Ordinary Profit Revised Upward by 5%, Adds to Record High Profit Forecast, Dividend Revised Upward by 0.2 yen

Wed Nov 13, 2024 3:30 pm JST Earnings

3923 RAKUS Co.,Ltd 【J-GAAP】

Earnings Report

RAKUS Co.,Ltd <3923> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.7 times that of the same period last year, reaching 4.66 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 4.5%, from the previous forecast of 9 billion yen to 9.41 billion yen (compared to 5.61 billion yen in the previous period), increasing the growth rate from 60.4% to 67.7%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 23.0% from the same period last year, reaching 4.75 billion yen.

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 3.9 yen to 4.1 yen (compared to 2.35 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 3.3 times that of the same period last year, reaching 2.32 billion yen. The operating profit margin drastically improved from 7.3% in the same period last year to 19.8%.

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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 12,736 677 697 423 1.2 41.6 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 17,662 1,718 1,749 1,208 3.3 31.2 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 23,002 4,660 4,660 3,630 10.0 49.5 Nov 13, 2024 J-GAAP
YoY +30.2% +171.2% +166.4% +200.5% +200.0%

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 14, 2024 J-GAAP
Apr - Sep, 2024 Results 23,002 4,660 4,660 3,630 10.0 0 Nov 13, 2024 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 48,300 9,000 9,001 6,900 19.0 1.95 May 14, 2024 J-GAAP
Mar, 2025 New 48,500 9,400 9,410 7,310 20.2 2.05 Nov 13, 2024 J-GAAP
Revision Rate +0.4% +4.4% +4.5% +5.9% +6.0%

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 20,746 3,841 3,861 2,977 8.2 1.18 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 25,498 4,740 4,750 3,680 10.2 2.05 Nov 13, 2024 J-GAAP
YoY +22.9% +23.4% +23.0% +23.6% +23.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 27,399 1,656 1,677 1,274 3.5 0.98 May 12, 2023 J-GAAP
Mar, 2024 38,408 5,559 5,610 4,185 11.6 1.18 May 14, 2024 J-GAAP
Mar, 2025 Guidance 48,500 9,400 9,410 7,310 20.2 2.05 Nov 13, 2024 J-GAAP
YoY +26.3% +69.1% +67.7% +74.7% +74.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 9,374 687 702 503 1.4 7.3 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 10,179 1,853 1,861 1,266 3.5 18.2 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 10,567 1,988 2,000 1,711 4.7 18.8 May 14, 2024 J-GAAP
Apr - Jun, 2024 11,219 2,327 2,338 2,071 5.7 20.7 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 11,783 2,333 2,322 1,559 4.3 19.8 Nov 13, 2024 J-GAAP
YoY +25.7% +239.6% +230.8% +209.9% +210.1%

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