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ZENRIN CO., LTD., First Half Ordinary Profit Loss Narrows, July-September Ordinary Profit Loss Narrows

Tue Oct 29, 2024 1:00 pm JST Earnings

9474 ZENRIN CO., LTD. 【J-GAAP】

Earnings Report

ZENRIN CO., LTD. <9474> [TSE-P] announced its financial results in the afternoon session on October 29th (13:00). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) was a reduced loss of 341 million yen (compared to a loss of 1.62 billion yen in the same period last year).

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 9.6% from the same period last year, reaching 4.04 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss improved to a deficit of loss of 86 million yen (compared to a loss of 248 million yen in the same period last year). The operating profit/loss margin improved from -1.7% in the same period last year to -0.0%.

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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, 2022 25,929 -985 -982 -703 -13.0 ー Oct 28, 2022 J-GAAP
Apr - Sep, 2023 27,153 -1,581 -1,626 -1,221 -22.9 ー Oct 27, 2023 J-GAAP
Apr - Sep, 2024 28,712 -275 -341 -116 -2.2 ー Oct 29, 2024 J-GAAP
YoY +5.7% +82.6% +79.0% +90.5% +90.4%

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 － 15 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 28,712 -275 -341 -116 -2.2 15 Oct 29, 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 34,182 3,562 3,686 3,299 61.8 15 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 35,588 3,875 4,041 2,616 49.0 15 Oct 29, 2024 J-GAAP
YoY +4.1% +8.8% +9.6% -20.7% -20.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 58,933 1,799 2,104 2,770 51.4 27 Apr 28, 2023 J-GAAP
Mar, 2024 61,335 1,981 2,060 2,078 38.9 28.50 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 64,300 3,600 3,700 2,500 46.8 30 Apr 26, 2024 J-GAAP
YoY +4.8% +81.7% +79.6% +20.3% +20.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 14,360 -237 -248 -232 -4.4 -1.7 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 14,860 477 529 350 6.6 3.2 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 19,322 3,085 3,157 2,949 55.3 16.0 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 14,130 -274 -255 9 0.2 -1.9 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 14,582 -1 -86 -125 -2.4 0.0 Oct 29, 2024 J-GAAP
YoY +1.5% +99.6% +65.3% +46.1% +45.7%

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