Serendip Holdings <7318> announced its consolidated financial results for the fiscal year ending March 2024 on the 8th. Sales revenue increased significantly by 30.2% YoY to JPY 19.787 billion, operating profit increased by 47.0% to JPY 477 million, ordinary profit increased by 71.6% to JPY 595 million, and net income attributable to the parent company's shareholders increased by 66.0% to JPY 518 million.

Sales of manufacturing business increased by 30.2% YoY to JPY 18.522 billion, and segment profit increased by 24.4% to JPY 484 million. "Automotive suppliers (manufacturing of automobile interior and exterior parts, manufacturing of automobile precision parts)" lowered fixed cost rate by promoting multi-skilled workers and achieving further productivity improvement, in addition to the resolution of supply shortage of parts such as semiconductors and high domestic production levels of auto manufacturers. "FA equipment manufacturing" did not continue to recover orders from the previous year and encountered delays in order confirmation throughout the year. "Prototyping" acquired all shares of Apex on January 10, 2023, and became a consolidated subsidiary. The company incorporates it from the beginning of this consolidated financial year.

Sales of professional solution business increased by 12.8% YoY to JPY 1.437 billion, and segment loss was JPY 124 million (compared to JPY 53 million loss in the same period last year). "Consulting" had a social background with an increasing number of mid-sized and small businesses facing business succession and management issues, and there was an increase in bringing mid-sized and small manufacturing companies' business succession and business regeneration cases to the company. In addition, with the increase in the reconstruction demand for mid-sized and small businesses' core system, the consulting division's sales increased by 46.7% YoY, contributing to the revenue increase of the segment. On the other hand, the company continues to actively recruit personnel to contribute more to the resolution of the management issues and growth of mid-sized and small businesses. "Engineer dispatch and development commissioning" focuses on DX and the development of new IoT solutions in collaboration with the company's consulting division to support the growth of mid-sized and small businesses by strengthening the management foundation and improving engineers' reskilling.

Sales of investment business increased significantly by 153.7% YoY to JPY 0.288 billion, and segment profit was JPY 118 million (compared to JPY 0.1 billion loss in the same period last year). The company aimed to respond flexibly to business succession issues and focused on developing cases. The company is actively moving forward with corporate management support such as regeneration support services centered on manufacturing companies and financial advisory, especially the increase in financial advisory sales contributed to the revenue and profit increase. Also, the company received a fee for managing the "Japan Monozukuri Business Succession Fund No. 1 Investment Business Limited Liability Partnership" established in February 2023.

For the fiscal year ending March 2025, the company expects sales revenue to increase by 10.2% YoY to JPY 21.800 billion, operating profit to increase by 67.4% to JPY 800 million, ordinary profit to increase by 23.3% to JPY 735 million, and net income attributable to the parent company's shareholders to increase by 5.2% YoY to JPY 546 million.