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Rise Consulting Group, Inc., First Half Net Income Increases by 7%, June-Augus Net Income Increases by 17%

Tue Oct 15, 2024 3:00 pm JST Earnings

9168 Rise Consulting Group, Inc. 【IFRS】

Earnings Report

Rise Consulting Group, Inc. <9168> [TSE-G] announced its financial results (based on IFRS) after the market closed on October 15th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 6.6% from the same period last year, reaching 583 million yen. However, The progress rate against the 1.38 billion yen full-year plan was 42.1%, almost the same as the same period of the previous year of 41.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the September to February period (second half) is expected to grow by 4.3% from the same period last year, reaching 801 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated net income grew by 17.2% from the same period last year, reaching 321 million yen. However, the operating profit margin decreased from 28.4% in the same period last year to 24.4%.

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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, 2023 2,871 809 793 547 22.5 44.6 Oct 13, 2023 IFRS
Mar - Aug, 2024 3,580 819 804 583 24.1 39.4 Oct 15, 2024 IFRS
YoY +24.7% +1.2% +1.4% +6.6% +7.0%

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 － 0 Apr 12, 2024 IFRS
Mar - Aug, 2024 Results 3,580 819 804 583 24.1 0 Oct 15, 2024 IFRS
Revision Rate － － － － －

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 3,285 996 987 768 31.6 0 Apr 12, 2024 IFRS
Sep - Feb, 2024 Guidance 4,086 1,237 1,235 801 33.1 0 Oct 15, 2024 IFRS
YoY +24.4% +24.2% +25.1% +4.3% +4.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2024 6,156 1,805 1,780 1,315 54.0 0 Apr 12, 2024 IFRS
Feb, 2025 Guidance 7,666 2,056 2,039 1,384 57.2 0 Apr 12, 2024 IFRS
YoY +24.5% +13.9% +14.6% +5.2% +5.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,428 406 397 274 11.3 28.4 Oct 13, 2023 IFRS
Sep - Nov, 2023 1,525 454 450 308 12.7 29.8 Jan 12, 2024 IFRS
Dec - Feb, 2023 1,760 542 537 460 18.9 30.8 Apr 12, 2024 IFRS
Mar - May, 2024 1,678 355 348 262 10.8 21.2 Jul 12, 2024 IFRS
Jun - Aug, 2024 1,902 464 456 321 13.3 24.4 Oct 15, 2024 IFRS
YoY +33.2% +14.3% +14.9% +17.2% +17.6%

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