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GENOVA,Inc., First Half Ordinary Profit Increases by 24%, July-September Ordinary Profit Increases by 16%

Wed Nov 13, 2024 3:30 pm JST Earnings

9341 GENOVA,Inc. 【J-GAAP】

Earnings Report

GENOVA,Inc. <9341> [TSE-P] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 23.9% from the same period last year, reaching 1.2 billion yen. However, The progress rate against the 2.73 billion yen full-year plan was 44.0%, almost the same as the same period of the previous year of 42.1%.

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 14.3% from the same period last year, reaching 1.53 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 16.4% from the same period last year, reaching 611 million yen. However, the operating profit margin decreased from 25.2% in the same period last year to 24.0%.

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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, 2023 3,980 969 971 626 35.4 42.1 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 5,143 1,217 1,203 814 45.8 44.0 Nov 13, 2024 J-GAAP
YoY +29.2% +25.6% +23.9% +30.0% +29.5%

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 5,026 1,080 1,080 739 41.5 0 May 13, 2024 J-GAAP
Apr - Sep, 2024 Results 5,143 1,217 1,203 814 45.8 0 Nov 13, 2024 J-GAAP
Revision Rate +2.3% +12.7% +11.4% +10.1% +10.3%

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 4,703 1,332 1,338 1,100 62.0 0 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 5,786 1,536 1,530 1,056 61.0 30 Nov 13, 2024 J-GAAP
YoY +23.0% +15.3% +14.3% -4.0% -1.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 6,513 1,733 1,714 1,260 76.6 0 May 12, 2023 J-GAAP
Mar, 2024 8,683 2,301 2,309 1,726 97.4 0 May 13, 2024 J-GAAP
Mar, 2025 Guidance 10,929 2,753 2,733 1,870 108.1 30 May 13, 2024 J-GAAP
YoY +25.9% +19.6% +18.4% +8.3% +11.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,074 523 525 338 19.1 25.2 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 2,124 502 504 321 18.1 23.6 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 2,579 830 834 779 43.9 32.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,538 591 592 384 21.6 23.3 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,605 626 611 430 24.2 24.0 Nov 13, 2024 J-GAAP
YoY +25.6% +19.7% +16.4% +27.2% +26.6%

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