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Ryoyu Systems Co., Ltd., The Current Fiscal Year Ordinary Profit Revised Upward by 8%, Adds to Record High Profit Forecast, Dividend Revised Upward by 10 yen

Thu Oct 31, 2024 4:00 pm JST Earnings

4685 Ryoyu Systems Co., Ltd. 【J-GAAP】

Earnings Report

Ryoyu Systems Co., Ltd. <4685> [TSE-S] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 1.86 billion yen, an increase of 49.2% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward by 8.1%, from the previous forecast of 3.7 billion yen to 4 billion yen (compared to 3.59 billion yen in the previous period), increasing the growth rate from 2.9% to 11.2%, further surpassing the previous forecast of record-high profits for three 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 decrease by 8.9% from the same period last year to 2.13 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 125 yen to 135 yen (compared to 120 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 55.6% from the same period last year, reaching 1.17 billion yen. The operating profit margin significantly improved from 9.7% in the same period last year to 13.0%.

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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 14,825 868 898 575 45.3 33.1 Oct 27, 2022 J-GAAP
Apr - Sep, 2023 16,087 1,238 1,248 799 62.9 34.7 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 17,452 1,843 1,862 1,241 97.5 46.6 Oct 31, 2024 J-GAAP
YoY +8.5% +48.9% +49.2% +55.3% +55.1%

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 － 30 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 17,452 1,843 1,862 1,241 97.5 32.50 Oct 31, 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 39,000 3,700 3,700 2,550 200.1 62.50 Apr 26, 2024 J-GAAP
Mar, 2025 New 40,000 4,000 4,000 2,700 211.8 67.50 Oct 31, 2024 J-GAAP
Revision Rate +2.6% +8.1% +8.1% +5.9% +5.9%

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 20,975 2,343 2,348 1,617 127.1 37.50 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 22,548 2,157 2,138 1,459 114.5 35 Oct 31, 2024 J-GAAP
YoY +7.5% -7.9% -8.9% -9.8% -9.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 33,138 2,673 2,711 1,834 144.4 45 May 9, 2023 J-GAAP
Mar, 2024 37,062 3,581 3,596 2,416 189.9 60 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 40,000 4,000 4,000 2,700 211.8 67.50 Oct 31, 2024 J-GAAP
YoY +7.9% +11.7% +11.2% +11.8% +11.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 7,732 753 757 500 39.4 9.7 Oct 26, 2023 J-GAAP
Oct - Dec, 2023 8,802 1,143 1,148 751 59.1 13.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 12,173 1,200 1,200 866 68.1 9.9 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 8,425 672 684 444 34.9 8.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 9,027 1,171 1,178 797 62.6 13.0 Oct 31, 2024 J-GAAP
YoY +16.7% +55.5% +55.6% +59.4% +59.1%

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