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SOFT99corporation, First Half Ordinary Profit Unexpectedly Revised Upward by 7%

Wed Nov 6, 2024 3:30 pm JST Earnings

4464 SOFT99corporation 【J-GAAP】

Earnings Report

SOFT99corporation <4464> [TSE-S] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 7.4% from the same period last year, reaching 1.91 billion yen, resulting in an increase in profits compared to the previous forecast of a 2.1% decrease.

The progress rate against the 3.8 billion yen full-year plan was 50.3%, almost the same as the five-year average of 49.1%.

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 5.7% from the same period last year to 1.89 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 5.8% from the same period last year, reaching 771 million yen. The operating profit margin improved from 9.5% in the same period last year to 10.6%.

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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 14,542 1,694 1,784 1,237 57.0 51.9 Nov 4, 2022 J-GAAP
Apr - Sep, 2023 14,801 1,674 1,778 1,199 55.3 47.0 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 14,405 1,815 1,910 1,276 59.2 50.3 Nov 6, 2024 J-GAAP
YoY -2.7% +8.4% +7.4% +6.4% +7.2%

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 14,400 1,640 1,740 1,160 53.9 21.50 Sep 20, 2024 J-GAAP
Apr - Sep, 2024 Results 14,405 1,815 1,910 1,276 59.2 21.50 Nov 6, 2024 J-GAAP
Revision Rate +0.0% +10.7% +9.8% +10.0% +9.9%

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 15,073 1,905 2,004 1,432 66.1 21 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 14,895 1,785 1,890 1,374 63.7 21.50 Nov 6, 2024 J-GAAP
YoY -1.2% -6.3% -5.7% -4.1% -3.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 30,170 3,256 3,440 2,063 95.1 37.50 May 12, 2023 J-GAAP
Mar, 2024 29,874 3,579 3,782 2,631 121.4 41 May 13, 2024 J-GAAP
Mar, 2025 Guidance 29,300 3,600 3,800 2,650 122.9 43 Sep 20, 2024 J-GAAP
YoY -1.9% +0.6% +0.5% +0.7% +1.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,176 685 729 499 23.0 9.5 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 7,998 1,229 1,287 864 39.8 15.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 7,075 676 717 568 26.2 9.6 May 13, 2024 J-GAAP
Apr - Jun, 2024 7,417 1,075 1,139 775 36.0 14.5 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 6,988 740 771 501 23.3 10.6 Nov 6, 2024 J-GAAP
YoY -2.6% +8.0% +5.8% +0.4% +1.1%

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