VISION INC, 19% Increase in Ordinary Profit, Update Record High for Third Consecutive Term, Dividend Raised by 18 yen

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Thu Feb 13, 2025 3:30 pm JST Earnings

9416 VISION INC. 【J-GAAP】

Earnings Report

VISION INC. <9416> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 increased 25.0% from the previous period to 5.42 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 18.9% to 6.44 billion yen, marking the third consecutive term of record-high profits. This will be the fifth consecutive term of revenue and profit growth.

At the same time, the company has decided to significantly increase the dividend this fiscal year to 45 yen, an increase of 18 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit increased 83.1% from the same period last year, reaching 1.04 billion yen. The operating profit margin significantly improved from 7.2% in the same period last year to 11.1%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	25,487	2,414	2,422	1,548	32.0	0	Feb 14, 2023	J-GAAP
Dec, 2023	31,807	4,280	4,337	3,025	61.9	0	Feb 13, 2024	J-GAAP
Dec, 2024	35,528	5,365	5,422	3,375	69.6	27	Feb 13, 2025	J-GAAP
YoY	+11.7%	+25.4%	+25.0%	+11.6%	+12.5%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	36,145	5,707	5,738	3,797	78.3	27	Jun 21, 2024	J-GAAP
Dec, 2024 Results	35,528	5,365	5,422	3,375	69.6	27	Feb 13, 2025	J-GAAP
Revision Rate	-1.7%	-6.0%	-5.5%	-11.1%	-11.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	17,021	2,720	2,756	1,785	36.9	13	Aug 9, 2024	J-GAAP
Jan - Jun, 2025 Guidance	18,719	2,797	2,800	1,904	38.6	20	Feb 13, 2025	J-GAAP
YoY	+10.0%	+2.8%	+1.6%	+6.7%	+4.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	31,807	4,280	4,337	3,025	61.9	0	Feb 13, 2024	J-GAAP
Dec, 2024	35,528	5,365	5,422	3,375	69.6	27	Feb 13, 2025	J-GAAP
Dec, 2025 Guidance	40,002	6,439	6,445	4,382	88.8	45	Feb 13, 2025	J-GAAP
YoY	+12.6%	+20.0%	+18.9%	+29.8%	+27.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	7,854	563	573	511	10.5	7.2	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	8,581	1,524	1,553	1,019	21.1	17.8	May 15, 2024	J-GAAP
Apr - Jun, 2024	8,440	1,196	1,203	766	15.9	14.2	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	9,090	1,597	1,617	1,084	22.4	17.6	Nov 13, 2024	J-GAAP
Oct - Dec, 2024	9,417	1,048	1,049	506	10.4	11.1	Feb 13, 2025	J-GAAP
YoY	+19.9%	+86.1%	+83.1%	-1.0%	-0.2%