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ZENRIN, Oct-Dec (3Q) Ordinary Profit Increases by 99%, Current Fiscal Year Dividend Revised Upward by 5 yen

Fri Jan 31, 2025 1:00 pm JST Earnings

9474 ZENRIN CO., LTD. 【J-GAAP】

Earnings Report

ZENRIN CO., LTD. <9474> [TSE Prime] announced its financial results in the afternoon session on January 31st (13:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 0.71 billion yen (compared to a loss of 1.09 billion yen in the same period last year). The progress rate toward the full-year plan of 3.7 billion yen was 19.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 5.3% from the same period last year to 2.98 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 30 yen to 35 yen (compared to 28.5 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 98.9% from the same period last year, reaching 1.05 billion yen. The operating profit margin significantly improved from 3.2% in the same period last year to 6.4%.

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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
Apr - Dec, 2022 40,210 -851 -643 180 3.3 ー Jan 31, 2023 J-GAAP
Apr - Dec, 2023 42,013 -1,104 -1,097 -871 -16.3 ー Jan 31, 2024 J-GAAP
Apr - Dec, 2024 44,355 731 711 541 10.1 19.2 Jan 31, 2025 J-GAAP
YoY +5.6% － － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 35,588 3,875 4,041 2,616 49.0 15 Oct 29, 2024 J-GAAP
Oct - Mar, 2024 New 35,588 3,875 4,041 2,616 49.0 20 Jan 31, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 64,300 3,600 3,700 2,500 46.8 30 Apr 26, 2024 J-GAAP
Mar, 2025 New 64,300 3,600 3,700 2,500 46.8 35 Jan 31, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 20 Jan 31, 2025 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 35 Jan 31, 2025 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
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
Oct - Dec, 2024 15,643 1,006 1,052 657 12.3 6.4 Jan 31, 2025 J-GAAP
YoY +5.3% +110.9% +98.9% +87.7% +87.4%

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