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Succeed co.,ltd., First Half Ordinary Profit Increases by 10%, July-September Ordinary Profit Increases by 26%

Tue Nov 12, 2024 3:30 pm JST Earnings

9256 Succeed co.,ltd. 【J-GAAP】

Earnings Report

Succeed co.,ltd. <9256> [TSE-G] announced its financial results after the market closed on November 12th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 10.0% from the same period last year, reaching 274 million yen. The progress rate against the 356 million yen full-year plan was 77.0%, also surpassing the four-year average of 67.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to decrease by 1.2% from the same period last year to 82 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit grew by 25.8% from the same period last year, reaching 117 million yen. The operating profit margin rose from 11.3% in the same period last year to 13.2%.

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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 1,485 247 246 155 44.7 61.7 Nov 10, 2022 J-GAAP
Apr - Sep, 2023 1,663 248 249 156 44.8 75.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 1,790 274 274 186 52.2 77.0 Nov 12, 2024 J-GAAP
YoY +7.6% +10.5% +10.0% +19.2% +16.6%

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 ー ー ー ー － 0 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 1,790 274 274 186 52.2 0 Nov 12, 2024 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
Oct - Mar, 2023 1,564 84 83 67 19.1 14 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,611 82 82 44 12.3 14 Nov 12, 2024 J-GAAP
YoY +3.0% -2.4% -1.2% -34.3% -35.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,939 382 399 269 77.3 0 May 11, 2023 J-GAAP
Mar, 2024 3,227 332 332 223 63.6 14 May 9, 2024 J-GAAP
Mar, 2025 Guidance 3,401 356 356 230 64.3 14 May 9, 2024 J-GAAP
YoY +5.4% +7.2% +7.2% +3.1% +1.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 811 92 93 59 16.9 11.3 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 798 56 55 36 10.3 7.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 766 28 28 31 8.8 3.7 May 9, 2024 J-GAAP
Apr - Jun, 2024 902 157 157 101 28.3 17.4 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 888 117 117 85 23.9 13.2 Nov 12, 2024 J-GAAP
YoY +9.5% +27.2% +25.8% +44.1% +40.9%

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