eREX, Oct-Dec (3Q) Net Income Turns to Profit, The Undetermined Dividend Set at 11 yen, Resuming Dividends for the First Time in Two Terms

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Wed Feb 12, 2025 3:30 pm JST Earnings

9517 eREX Co.,Ltd. 【J-GAAP】

Earnings Report

eREX Co.,Ltd. <9517> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 12th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a profit of 4.41 billion yen (compared to a loss of 15.2 billion yen in the same period last year). The progress rate toward the full-year plan of 1.88 billion yen is 234.3%.

At the same time, the company has decided to implement a year-end lump-sum dividend of 11 yen for the current fiscal year, which was previously undecided, reinstating dividends for the first time in two terms.

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a profit of 2.72 billion yen (compared to a loss of 4.56 billion yen in the same period last year). The operating profit/loss margin drastically improved from -7.1% in the same period last year to 6.6%.

Kabutan News

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	221,711	14,316	11,119	5,903	99.8	73.0	Feb 10, 2023	J-GAAP
Apr - Dec, 2023	184,305	-14,205	-13,175	-15,204	-256.4	ー	Feb 9, 2024	IFRS
Apr - Dec, 2024	126,583	8,008	8,322	4,416	60.8	189.7	Feb 12, 2025	IFRS
YoY	-31.3%	－	－	－	－

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	72,242	234	37	198	2.5	－	Nov 8, 2024	IFRS
Oct - Mar, 2024 New	72,242	234	37	198	2.5	11	Feb 12, 2025	IFRS
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	155,456	5,378	4,388	1,885	24.2	－	May 10, 2024	IFRS
Mar, 2025 New	155,456	5,378	4,388	1,885	24.2	11	Feb 12, 2025	IFRS
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	124,083	-10,125	-9,704	-11,621	-196.0	0	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	72,242	234	37	198	2.5	11	Feb 12, 2025	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	296,312	14,823	15,234	9,131	154.3	22	May 12, 2023	J-GAAP
Mar, 2024	244,977	-19,851	-18,388	-22,257	-375.3	0	May 10, 2024	J-GAAP
Mar, 2025 Guidance	155,456	5,378	4,388	1,885	24.2	11	Feb 12, 2025	IFRS
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	63,411	-4,479	-4,491	-4,568	-77.1	-7.1	Feb 9, 2024	IFRS
Jan - Mar, 2024	60,672	-4,698	-4,531	-6,370	-107.4	-7.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	33,440	1,911	3,143	1,747	25.2	5.7	Aug 9, 2024	IFRS
Jul - Sep, 2024	49,774	3,233	1,208	-60	-0.8	6.5	Nov 8, 2024	IFRS
Oct - Dec, 2024	43,369	2,864	3,971	2,729	37.6	6.6	Feb 12, 2025	IFRS
YoY	-31.6%	－	－	－	－