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RYODEN CORPORATION, The Current Fiscal Year Ordinary Profit Revised Downward by 21%

Thu Oct 31, 2024 1:00 pm JST Earnings

8084 RYODEN CORPORATION 【J-GAAP】

Earnings Report

RYODEN CORPORATION <8084> [TSE-P] announced its financial results in the afternoon session on October 31st (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 36.7% from the same period last year to 2.73 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 20.5%, from the previous forecast of 7.3 billion yen to 5.8 billion yen (compared to 8.23 billion yen in the previous period), leading to an increase in the profit decline rate from 11.4% to 29.6%.

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 21.7% from the same period last year to 3.07 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 1.46 billion yen, a 42.4% decrease compared to the same period last year. The operating profit margin worsened from 3.7% in the same period last year to 2.6%.

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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 127,033 4,765 4,714 3,170 145.5 51.9 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 129,843 4,236 4,313 2,900 132.8 52.4 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 109,625 2,435 2,730 1,936 88.4 47.1 Oct 31, 2024 J-GAAP
YoY -15.6% -42.5% -36.7% -33.2% -33.4%

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 104,000 2,800 3,000 2,100 95.9 53 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 109,625 2,435 2,730 1,936 88.4 53 Oct 31, 2024 J-GAAP
Revision Rate +5.4% -13.0% -9.0% -7.8% -7.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 219,000 7,200 7,300 5,300 246.4 106 May 10, 2024 J-GAAP
Mar, 2025 New 218,000 5,500 5,800 4,300 199.9 106 Oct 31, 2024 J-GAAP
Revision Rate -0.5% -23.6% -20.5% -18.9% -18.9%

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 129,165 4,090 3,923 2,836 129.8 60 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 108,375 3,065 3,070 2,364 109.9 53 Oct 31, 2024 J-GAAP
YoY -16.1% -25.1% -21.7% -16.6% -15.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 260,303 9,380 9,077 5,366 245.9 74 May 10, 2023 J-GAAP
Mar, 2024 259,008 8,326 8,236 5,736 262.4 106 May 10, 2024 J-GAAP
Mar, 2025 Guidance 218,000 5,500 5,800 4,300 199.9 106 Oct 31, 2024 J-GAAP
YoY -15.8% -33.9% -29.6% -25.0% -23.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 66,346 2,472 2,550 1,811 82.9 3.7 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 67,064 2,038 1,988 1,423 65.1 3.0 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 62,101 2,052 1,935 1,413 64.7 3.3 May 10, 2024 J-GAAP
Apr - Jun, 2024 55,160 1,012 1,262 862 39.5 1.8 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 54,465 1,423 1,468 1,074 49.1 2.6 Oct 31, 2024 J-GAAP
YoY -17.9% -42.4% -42.4% -40.7% -40.8%

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