TOP CULTURE Co.,Ltd., Third Quarter Cumulative (November-July) Ordinary Profit Loss Narrows, 3Q (May-July) Ordinary Profit Loss Narrows

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Thu Sep 12, 2024 3:00 pm JST Earnings

7640 TOP CULTURE Co.,Ltd. 【J-GAAP】

Earnings Report

TOP CULTURE Co.,Ltd. <7640> [TSE-S] announced its financial results after the market closed on September 12th (15:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) was a reduced loss of 351 million yen (compared to a loss of 519 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the August to October period (4Q) is expected to further decrease to loss of 119 million yen (compared to a loss of 369 million yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the consolidated ordinary loss improved to a deficit of loss of 159 million yen (compared to a loss of 324 million yen in the same period last year). The operating profit/loss margin significantly improved from -7.1% in the same period last year to -3.3%.

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
Nov - Jul, 2021	16,124	109	95	43	3.6	ー	Sep 8, 2022	J-GAAP
Nov - Jul, 2022	14,597	-472	-519	-577	-47.8	ー	Sep 7, 2023	J-GAAP
Nov - Jul, 2023	14,041	-301	-351	-385	-24.7	ー	Sep 12, 2024	J-GAAP
YoY	-3.8%	+36.2%	+32.4%	+33.3%	+48.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2023	8,688	-636	-693	-1,132	-91.3	3	Dec 14, 2023	J-GAAP
May - Oct, 2024 Guidance	8,001	-237	-278	-648	-41.5	－	Jun 11, 2024	J-GAAP
YoY	-7.9%	+62.7%	+59.9%	+42.8%	+54.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	20,905	-154	-187	-272	-22.6	6	Dec 8, 2022	J-GAAP
Oct, 2023	18,953	-802	-888	-1,376	-111.0	6	Dec 14, 2023	J-GAAP
Oct, 2024 Guidance	17,793	-399	-470	-866	-55.5	－	Dec 14, 2023	J-GAAP
YoY	-6.1%	+50.2%	+47.1%	+37.1%	+50.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	4,332	-306	-324	-333	-27.6	-7.1	Sep 7, 2023	J-GAAP
Aug - Oct, 2023	4,356	-330	-369	-799	-64.4	-7.6	Dec 14, 2023	J-GAAP
Nov - Jan, 2023	5,073	-31	-48	-56	-3.6	-0.6	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	4,719	-131	-144	-162	-10.4	-2.8	Jun 13, 2024	J-GAAP
May - Jul, 2024	4,249	-139	-159	-167	-10.7	-3.3	Sep 12, 2024	J-GAAP
YoY	-1.9%	+54.6%	+50.9%	+49.8%	+61.2%