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ZUIKO CORPORATION, First Half Ordinary Profit Turns to Loss, The Undetermined Dividend to reduced by 10 yen

Thu Oct 3, 2024 4:00 pm JST Earnings

6279 ZUIKO CORPORATION 【J-GAAP】

Earnings Report

ZUIKO CORPORATION <6279> [TSE-P] announced its financial results after the market closed on October 3rd (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a loss of 130 million yen (compared to a profit of 514 million yen in the same period last year).

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 September to February period (second half) is expected to surge by 2.2 times that of the same period last year, reaching 2.03 billion yen.

At the same time, the company has decided to implement a annual dividend of 10 yen for the current fiscal year, which was previously undecided (compared to 20 yen in the prior term).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit/loss turned to a loss of 91 million yen (compared to a profit of 784 million yen in the same period last year). The operating profit/loss margin drastically worsened from 9.6% in the same period last year to -1.0%.

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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
Mar - Aug, 2022 8,813 -449 -109 635 24.2 ー Oct 3, 2022 J-GAAP
Mar - Aug, 2023 9,964 211 514 236 9.0 36.0 Oct 2, 2023 J-GAAP
Mar - Aug, 2024 8,405 -179 -130 -705 -26.7 ー Oct 3, 2024 J-GAAP
YoY -15.6% － － － －

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 － － Apr 5, 2024 J-GAAP
Mar - Aug, 2024 Results 8,405 -179 -130 -705 -26.7 5 Oct 3, 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
Feb, 2025 Prev 24,000 1,680 1,900 720 27.2 － Apr 5, 2024 J-GAAP
Feb, 2025 New 24,000 1,680 1,900 720 27.2 10 Oct 3, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 11,773 816 913 1,142 43.3 10 Apr 5, 2024 J-GAAP
Sep - Feb, 2024 Guidance 15,595 1,859 2,030 1,425 53.9 5 Oct 3, 2024 J-GAAP
YoY +32.5% +127.8% +122.3% +24.8% +24.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 26,505 1,803 2,219 2,665 101.2 25.20 Apr 5, 2023 J-GAAP
Feb, 2024 21,737 1,027 1,427 1,378 52.2 20 Apr 5, 2024 J-GAAP
Feb, 2025 Guidance 24,000 1,680 1,900 720 27.2 10 Oct 3, 2024 J-GAAP
YoY +10.4% +63.6% +33.1% -47.8% -47.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 5,945 572 784 459 17.4 9.6 Oct 2, 2023 J-GAAP
Sep - Nov, 2023 6,936 877 950 784 29.7 12.6 Dec 27, 2023 J-GAAP
Dec - Feb, 2023 4,837 -61 -37 358 13.6 -1.3 Apr 5, 2024 J-GAAP
Mar - May, 2024 3,853 -132 -39 -758 -28.7 -3.4 Jun 26, 2024 J-GAAP
Jun - Aug, 2024 4,552 -47 -91 53 2.0 -1.0 Oct 3, 2024 J-GAAP
YoY -23.4% － － -88.5% -88.5%

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