Japan M&A Solution Incorporated, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 90% Decrease

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Thu Sep 12, 2024 3:00 pm JST Earnings

9236 Japan M&A Solution Incorporated 【J-GAAP】

Earnings Report

Japan M&A Solution Incorporated <9236> [TSE-G] announced its financial results after the market closed on September 12th (15:00). The ordinary profit/loss (non-consolidated) for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) turned into a loss of 18 million yen (compared to a profit of 122 million yen in the same period last year).

The full-year ordinary profit has downwardly by 93.1%, from the previous forecast of 245 million yen to 17 million yen (compared to 168 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 89.9% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the May to October period (second half) has downwardly by 98.7%, from the previous forecast of 231 million yen to 3 million yen (compared to 109 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 97.2% decrease in profit.

In the most recent three-month period, from May to July (3Q), the ordinary profit/loss turned to a loss of 32 million yen (compared to a profit of 63 million yen in the same period last year). The operating profit/loss margin drastically worsened from 30.1% in the same period last year to -33.0%.

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, 2023	403	-18	-18	-13	-8.9	ー	Sep 12, 2024	J-GAAP
YoY	－	－	－	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May - Oct, 2024 Prev	607	231	231	161	107.1	0	Jun 12, 2024	J-GAAP
May - Oct, 2024 New	346	3	3	0	0.0	0	Sep 12, 2024	J-GAAP
Revision Rate	-43.0%	-98.7%	-98.7%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2024 Prev	913	245	245	171	113.8	0	Dec 14, 2023	J-GAAP
Oct, 2024 New	652	17	17	10	6.7	0	Sep 12, 2024	J-GAAP
Revision Rate	-28.6%	-93.1%	-93.1%	-94.2%	-94.2%

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	440	117	109	87	72.4	0	Dec 14, 2023	J-GAAP
May - Oct, 2024 Guidance	346	3	3	0	0.0	0	Sep 12, 2024	J-GAAP
YoY	-21.4%	-97.4%	-97.2%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2023	752	176	168	125	104.0	0	Dec 14, 2023	J-GAAP
Oct, 2024 Guidance	652	17	17	10	6.7	0	Sep 12, 2024	J-GAAP
YoY	-13.3%	-90.3%	-89.9%	-92.0%	-93.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Aug - Oct, 2023	224	52	46	45	37.5	23.2	Dec 14, 2023	J-GAAP
Nov - Jan, 2023	136	7	7	5	3.6	5.1	Mar 12, 2024	J-GAAP
Feb - Apr, 2024	170	7	7	5	3.5	4.1	Jun 12, 2024	J-GAAP
May - Jul, 2024	97	-32	-32	-23	-15.7	-33.0	Sep 12, 2024	J-GAAP
YoY	－	－	－	－	－