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Recovery International Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 8%, July-September Ordinary Profit Increases by 68%

Wed Nov 13, 2024 3:30 pm JST Earnings

9214 Recovery International Co.,Ltd. 【J-GAAP】

Earnings Report

Recovery International Co.,Ltd. <9214> [TSE-G] announced its financial results after the market closed on November 13th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 8.0% from the same period last year, reaching 122 million yen. However, The progress rate against the 195 million yen full-year plan was 62.6%, almost the same as the three-year average of 61.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to expand by 82.5% from the same period last year, reaching 73 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit increased by 68.2% from the same period last year, reaching 74 million yen. The operating profit margin rose from 10.5% in the same period last year to 12.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 1,005 79 73 48 35.1 49.0 Nov 14, 2022 J-GAAP
Jan - Sep, 2023 1,175 111 113 74 52.9 73.9 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 1,468 114 122 80 57.6 62.6 Nov 13, 2024 J-GAAP
YoY +24.9% +2.7% +8.0% +8.1% +8.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 838 82 84 64 45.3 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 1,051 133 147 101 74.6 0 Aug 14, 2024 J-GAAP
YoY +25.4% +62.2% +75.0% +57.8% +64.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,385 154 149 108 78.4 0 Feb 13, 2023 J-GAAP
Dec, 2023 1,605 150 153 110 77.9 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 1,980 178 195 131 96.8 0 Feb 14, 2024 J-GAAP
YoY +23.4% +18.7% +27.5% +19.1% +24.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 408 43 44 28 20.0 10.5 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 430 39 40 36 25.5 9.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 441 40 40 26 18.7 9.1 May 15, 2024 J-GAAP
Apr - Jun, 2024 488 5 8 4 2.9 1.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 539 69 74 50 36.0 12.8 Nov 13, 2024 J-GAAP
YoY +32.1% +60.5% +68.2% +78.6% +79.8%

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