BESTERRA CO., LTD., First Half Ordinary Profit Turns to Profit

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Mon Sep 9, 2024 4:00 pm JST Earnings

1433 BESTERRA CO., LTD. 【J-GAAP】

Earnings Report

BESTERRA CO., LTD. <1433> [TSE-P] announced its financial results after the market closed on September 9th (16:00). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending January 2025 (February to July) turned into a 258 million yen (compared to a loss of 9 million yen in the same period last year). However, this progress accounts for 39.7% of the full-year plan of 650 million yen, also falling below the five-year average of 67.9%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the August to January period (second half) is expected to decrease by 5.8% from the same period last year to 392 million yen.

In the most recent three-month period, from May to July (2Q), the consolidated ordinary profit surged to 8.7 times that of the same period last year, reaching 243 million yen. The operating profit/loss margin drastically improved from -1.5% in the same period last year to 6.9%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Feb - Jul, 2022	2,533	58	128	59	6.9	ー	Sep 9, 2022	J-GAAP
Feb - Jul, 2023	3,328	-61	-9	-28	-3.2	ー	Sep 8, 2023	J-GAAP
Feb - Jul, 2024	5,767	211	258	127	14.4	39.7	Sep 9, 2024	J-GAAP
YoY	+73.3%	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb - Jul, 2024 Guidance	5,756	211	258	127	14.3	10	Sep 5, 2024	J-GAAP
Feb - Jul, 2024 Results	5,767	211	258	127	14.4	10	Sep 9, 2024	J-GAAP
Revision Rate	+0.2%	0.0%	0.0%	0.0%	+0.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug - Jan, 2023	6,066	307	416	259	29.2	10	Mar 8, 2024	J-GAAP
Aug - Jan, 2024 Guidance	5,233	289	392	353	39.8	10	Sep 9, 2024	J-GAAP
YoY	-13.7%	-5.9%	-5.8%	+36.3%	+36.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2023	5,458	-215	-94	-64	-7.3	20	Mar 10, 2023	J-GAAP
Jan, 2024	9,394	246	407	231	26.1	20	Mar 8, 2024	J-GAAP
Jan, 2025 Guidance	11,000	500	650	480	54.2	20	Sep 5, 2024	J-GAAP
YoY	+17.1%	+103.3%	+59.7%	+107.8%	+107.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	1,791	-26	28	3	0.4	-1.5	Sep 8, 2023	J-GAAP
Aug - Oct, 2023	2,534	161	221	129	14.6	6.4	Dec 8, 2023	J-GAAP
Nov - Jan, 2023	3,532	146	195	130	14.7	4.1	Mar 8, 2024	J-GAAP
Feb - Apr, 2024	2,958	17	15	-29	-3.3	0.6	Jun 7, 2024	J-GAAP
May - Jul, 2024	2,809	194	243	156	17.6	6.9	Sep 9, 2024	J-GAAP
YoY	+56.8%	－	+767.9%	+5,100.0%	+4,940.0%