Vario Secure Inc., First Half Net Income Decreases by 4%, June-Augus Net Income Decreases by 11%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri Oct 11, 2024 3:00 pm JST Earnings

4494 Vario Secure Inc. 【IFRS】

Earnings Report

Vario Secure Inc. <4494> [TSE-S] announced its financial results (based on IFRS) after the market closed on October 11th (15:00). The net income (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 4.2% from the same period last year to 182 million yen. However, The progress rate against the 336 million yen full-year plan was 54.2%, almost the same as the four-year average of 55.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the net income for the September to February period (second half) is expected to decrease by 1.9% from the same period last year to 154 million yen.

In the most recent three-month period, from June to August (2Q), the net income decreased to 82 million yen, a 10.9% decrease compared to the same period last year. The operating profit margin decreased from 21.9% in the same period last year to 17.9%.

Kabutan News

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
Mar - Aug, 2022	1,337	385	355	245	64.6	65.5	Oct 7, 2022	IFRS
Mar - Aug, 2023	1,306	290	285	190	42.2	56.0	Oct 10, 2023	IFRS
Mar - Aug, 2024	1,354	273	265	182	40.5	55.9	Oct 11, 2024	IFRS
YoY	+3.7%	-5.9%	-7.0%	-4.2%	-4.2%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	ー	ー	ー	ー	－	0	Apr 10, 2024	IFRS
Mar - Aug, 2024 Results	1,354	273	265	182	40.5	0	Oct 11, 2024	IFRS
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	1,334	230	224	157	34.4	0	Apr 10, 2024	IFRS
Sep - Feb, 2024 Guidance	1,399	212	209	154	34.1	0	Oct 11, 2024	IFRS
YoY	+4.9%	-7.8%	-6.7%	-1.9%	-1.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	2,634	581	542	383	93.4	40.50	Apr 12, 2023	IFRS
Feb, 2024	2,640	520	509	347	76.1	0	Apr 10, 2024	IFRS
Feb, 2025 Guidance	2,753	485	474	336	74.3	0	Apr 10, 2024	IFRS
YoY	+4.3%	-6.7%	-6.9%	-3.2%	-2.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	663	145	143	92	20.4	21.9	Oct 10, 2023	IFRS
Sep - Nov, 2023	668	146	142	98	21.7	21.9	Jan 11, 2024	IFRS
Dec - Feb, 2023	666	84	82	59	12.9	12.6	Apr 10, 2024	IFRS
Mar - May, 2024	673	151	146	100	22.3	22.4	Jul 10, 2024	IFRS
Jun - Aug, 2024	681	122	119	82	18.2	17.9	Oct 11, 2024	IFRS
YoY	+2.7%	-15.9%	-16.8%	-10.9%	-10.9%