IFIS Japan (7833) Q2 2024 earnings summary

Executive summary

• Revenue for the first half of FY2024 was ¥2,771 million, a 4.4% decrease year-over-year, with operating profit down 12.2% to ¥372 million and net profit attributable to shareholders down 11.8% to ¥248 million.

• The Japanese economy showed gradual recovery, but global uncertainties, high interest rates, and yen depreciation persisted.

• The Nikkei index reached record highs, and investment trust assets continued to grow, supporting some business segments.

Financial highlights

• Operating profit margin for the period was approximately 13.4%.

• Comprehensive income was ¥256 million, down from ¥285 million year-over-year.

• EPS for the half-year was ¥25.75, compared to ¥29.11 in the previous year.

• Total assets increased to ¥6,368 million, and net assets rose to ¥5,498 million.

• Cash and equivalents at period-end were ¥5,216 million, up ¥145 million from the previous year-end.

Outlook and guidance

• Full-year revenue is forecast at ¥5,700 million, up 2.6% year-over-year, with operating profit of ¥720 million (+3.0%) and net profit of ¥465 million (+3.6%).

• No changes have been made to the previously announced full-year guidance.