IFIS Japan (7833) Q4 2023 earnings summary

Executive summary

• FY2023 revenue rose 3.2% YoY to ¥5,554m, while ordinary profit declined 15.8% to ¥703m. 2024 forecast calls for growth in revenue, profit and dividends.

Financial highlights

• Operating profit was ¥698m, ordinary profit ¥703m and net income ¥448m in FY2023; net income achieved 103% of plan.

• Consolidated revenue reached 99% of plan at ¥5,554m; ordinary profit was 105% of plan at ¥703m, and EPS was ¥46.49 versus ¥60.80 in 2022.

• Total assets were ¥6,191m at year-end, up ¥224m; cash and deposits increased ¥181m to ¥5,088m, and net assets rose ¥259m to ¥5,419m.

Outlook and guidance

• FY2024 forecast: revenue ¥5,700m (103% of FY2023), operating profit ¥720m (103%), ordinary profit ¥720m (102%) and net income ¥465m (104%).

• FY2024 per-share dividend forecast is ¥19.50, up ¥1.00 from FY2023’s ¥18.50.