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IRRC, Oct-Dec (2Q) Ordinary Profit Decreases by 49%

Fri Feb 14, 2025 4:00 pm JST Earnings

7325 IRRC Corporation 【J-GAAP】

Earnings Report

IRRC Corporation <7325> [TSE Growth] announced its financial results after the market closed on February 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending June 2025 (July to December) expanded 268 million yen, an increase 30.1% compared to the same period last year. However, the progress rate toward the full-year plan of 705 million yen was 38.0%, also falling below the five-year average of 45.7%.

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 January to June period (2H) is expected to expand 31.6% from the same period last year, reaching 437 million yen.

In the most recent three-month period, from October to December (2Q), the consolidated ordinary profit dropped to 85 million yen, a 49.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.1% in the same period last year to 3.7%.

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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
Jul - Dec, 2022 2,888 137 143 74 8.6 73.7 Feb 14, 2023 J-GAAP
Jul - Dec, 2023 3,577 203 206 110 13.2 38.3 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 4,479 263 268 156 19.1 38.0 Feb 14, 2025 J-GAAP
YoY +25.2% +29.6% +30.1% +41.8% +44.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Guidance ー ー ー ー － 0 Aug 26, 2024 J-GAAP
Jul - Dec, 2024 Results 4,479 263 268 156 19.1 0 Feb 14, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 4,344 292 332 241 29.1 20 Aug 26, 2024 J-GAAP
Jan - Jun, 2025 Guidance 5,161 437 437 266 32.4 20 Feb 14, 2025 J-GAAP
YoY +18.8% +49.7% +31.6% +10.4% +11.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2023 6,004 187 194 16 1.9 15 Aug 14, 2023 J-GAAP
Jun, 2024 7,921 495 538 351 42.4 20 Aug 26, 2024 J-GAAP
Jun, 2025 Guidance 9,640 700 705 422 51.5 20 Aug 26, 2024 J-GAAP
YoY +21.7% +41.4% +31.0% +20.2% +21.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,048 165 168 96 11.5 8.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 2,089 155 183 113 13.6 7.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 2,255 137 149 128 15.5 6.1 Aug 26, 2024 J-GAAP
Jul - Sep, 2024 2,266 181 183 112 13.7 8.0 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 2,213 82 85 44 5.4 3.7 Feb 14, 2025 J-GAAP
YoY +8.1% -50.3% -49.4% -54.2% -53.2%

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