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Interworks Confidence Inc., First Half Ordinary Profit Increases by 37%

Fri Nov 8, 2024 3:30 pm JST Earnings

7374 Interworks Confidence Inc. 【J-GAAP】

Earnings Report

Interworks Confidence Inc. <7374> [TSE-G] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 700 million yen, an increase of 37.3% compared to the same period last year, exceeded the previous forecast of 571 million yen.

The progress rate against the 1.4 billion yen full-year plan was 50.0%, almost the same as the four-year average of 48.6%.

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 10.9% from the same period last year, reaching 701 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 32.1% from the same period last year, reaching 350 million yen. The operating profit margin rose from 15.2% in the same period last year to 16.0%.

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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 2,544 501 500 339 74.0 53.9 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 3,249 561 510 337 63.9 44.7 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 4,335 696 700 439 70.4 50.0 Nov 8, 2024 J-GAAP
YoY +33.4% +24.1% +37.3% +30.3% +10.2%

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 4,306 570 571 358 58.5 30 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 4,335 696 700 439 70.4 30 Nov 8, 2024 J-GAAP
Revision Rate +0.7% +22.1% +22.6% +22.6% +20.4%

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 4,239 634 632 388 65.3 30 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 4,665 704 701 443 72.3 35 Nov 8, 2024 J-GAAP
YoY +10.0% +11.0% +10.9% +14.2% +10.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 5,197 933 927 617 134.8 48 May 12, 2023 J-GAAP
Mar, 2024 7,488 1,195 1,142 725 122.0 55 May 10, 2024 J-GAAP
Mar, 2025 Guidance 9,000 1,400 1,401 882 143.8 65 May 10, 2024 J-GAAP
YoY +20.2% +17.2% +22.7% +21.7% +17.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,840 279 265 170 32.2 15.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,128 334 333 210 36.7 15.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,111 300 299 178 30.0 14.2 May 10, 2024 J-GAAP
Apr - Jun, 2024 2,170 349 350 223 35.1 16.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,165 347 350 216 34.6 16.0 Nov 8, 2024 J-GAAP
YoY +17.7% +24.4% +32.1% +27.1% +7.5%

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