SCAT Inc., The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 38% Decrease, Dividend Revised Upward by 1 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Sep 12, 2024 3:05 pm JST Earnings

3974 SCAT Inc. 【J-GAAP】

Earnings Report

SCAT Inc. <3974> [TSE-S] announced its financial results after the market closed on September 12th (15:05). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) dropped by 30.6% from the same period last year to 127 million yen.

The full-year consolidated ordinary profit has downwardly by 41.6%, from the previous forecast of 243 million yen to 142 million yen (compared to 230 million yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 38.3% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the May to October period (second half) has downwardly by 88.6%, from the previous forecast of 114 million yen to 13 million yen (compared to 104 million yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 87.5% decrease in profit.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 12 yen to 13 yen (compared to 10.5 yen in the previous period)

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit/loss turned to a loss of 2 million yen (compared to a profit of 57 million yen in the same period last year). The operating profit/loss margin drastically worsened from 8.5% in the same period last year to -0.5%.

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	1,962	202	201	81	19.3	90.1	Sep 8, 2022	J-GAAP
Nov - Jul, 2022	2,044	182	183	138	45.0	79.6	Sep 12, 2023	J-GAAP
Nov - Jul, 2023	1,961	120	127	83	30.0	89.4	Sep 12, 2024	J-GAAP
YoY	-4.1%	-34.1%	-30.6%	-39.9%	-33.3%

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	1,426	120	114	75	26.5	6	Jun 13, 2024	J-GAAP
May - Oct, 2024 New	1,202	12	13	5	1.8	7	Sep 12, 2024	J-GAAP
Revision Rate	-15.7%	-90.0%	-88.6%	-93.3%	-93.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2024 Prev	2,804	243	243	160	56.4	12	Mar 14, 2024	J-GAAP
Oct, 2024 New	2,580	135	142	90	31.7	13	Sep 12, 2024	J-GAAP
Revision Rate	-8.0%	-44.4%	-41.6%	-43.8%	-43.8%

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	1,380	103	104	62	20.9	6	Dec 14, 2023	J-GAAP
May - Oct, 2024 Guidance	1,202	12	13	5	1.8	7	Sep 12, 2024	J-GAAP
YoY	-12.9%	-88.3%	-87.5%	-91.9%	-91.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2022	2,587	224	223	100	24.3	8.50	Dec 13, 2022	J-GAAP
Oct, 2023	2,742	227	230	157	52.8	10.50	Dec 14, 2023	J-GAAP
Oct, 2024 Guidance	2,580	135	142	90	31.7	13	Sep 12, 2024	J-GAAP
YoY	-5.9%	-40.5%	-38.3%	-42.7%	-39.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	682	58	57	43	14.0	8.5	Sep 12, 2023	J-GAAP
Aug - Oct, 2023	698	45	47	19	6.4	6.4	Dec 14, 2023	J-GAAP
Nov - Jan, 2023	674	44	47	29	10.7	6.5	Mar 14, 2024	J-GAAP
Feb - Apr, 2024	704	79	82	56	20.3	11.2	Jun 13, 2024	J-GAAP
May - Jul, 2024	583	-3	-2	-2	-0.7	-0.5	Sep 12, 2024	J-GAAP
YoY	-14.5%	－	－	－	－