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GENETEC CORPORATION, July-September (2Q) Ordinary Profit Decreases by 5%

Thu Nov 14, 2024 12:00 pm JST Earnings

4492 GENETEC CORPORATION 【J-GAAP】

Earnings Report

GENETEC CORPORATION <4492> [TSE-S] announced its financial results at noon (12:00) on November 14th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 354 million yen, an increase of 80.6% compared to the same period last year. However, The progress rate against the 800 million yen full-year plan was 44.3%, almost the same as the four-year average of 44.7%.

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 grow by 1.6% from the same period last year, reaching 446 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 205 million yen, a 5.1% decrease compared to the same period last year. The operating profit margin decreased from 12.4% in the same period last year to 10.2%.

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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 2,537 -150 -162 -131 -11.6 ー Nov 14, 2022 J-GAAP
Apr - Sep, 2023 3,159 196 196 119 10.5 30.9 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 3,993 358 354 185 16.2 44.3 Nov 14, 2024 J-GAAP
YoY +26.4% +82.7% +80.6% +55.5% +54.2%

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 3,993 358 354 185 16.2 8 Nov 6, 2024 J-GAAP
Apr - Sep, 2024 Results 3,993 358 354 185 16.2 8 Nov 14, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% +0.4%

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 3,988 433 439 295 26.0 14.50 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,507 462 446 285 24.9 10 Nov 6, 2024 J-GAAP
YoY +13.0% +6.7% +1.6% -3.4% -4.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,864 105 111 23 2.1 3.33 May 15, 2023 J-GAAP
Mar, 2024 7,147 629 635 414 36.5 17.83 May 15, 2024 J-GAAP
Mar, 2025 Guidance 8,500 820 800 470 41.0 18 Nov 6, 2024 J-GAAP
YoY +18.9% +30.4% +26.0% +13.5% +12.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,720 213 216 138 12.2 12.4 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 1,774 105 112 79 7.0 5.9 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,214 328 327 216 19.0 14.8 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,014 157 149 52 4.6 7.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 1,979 201 205 133 11.7 10.2 Nov 14, 2024 J-GAAP
YoY +15.1% -5.6% -5.1% -3.6% -4.3%

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