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CAICA DIGITAL Inc., The Current Fiscal Year Ordinary Profit Revised Downward to a Loss

Fri Sep 13, 2024 3:00 pm JST Earnings

2315 CAICA DIGITAL Inc. 【J-GAAP】

Earnings Report

CAICA DIGITAL Inc. <2315> [TSE-S] announced its financial results after the market closed on September 13th (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 301 million yen (compared to a loss of 2.09 billion yen in the same period last year).

However, the full-year consolidated ordinary profit/loss has been revised downward from an expected profit of profit of 162 million yen to a loss of 292 million yen (compared to a loss of 2.56 billion yen in the previous period), turning to a loss outlook.

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 94.2%, from the previous forecast of 482 million yen to 28 million yen (compared to a loss of 1.02 billion yen in the same period of the previous year).

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 19 million yen (compared to a loss of 557 million yen in the same period last year). The operating profit/loss margin drastically improved from -36.8% in the same period last year to 1.5%.

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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 5,035 -563 -569 -13 -0.1 Sep 14, 2022 J-GAAP
Nov - Jul, 2022 4,190 -1,937 -2,091 -1,904 -15.8 Sep 14, 2023 J-GAAP
Nov - Jul, 2023 4,225 99 101 -11 -0.1 Sep 13, 2024 J-GAAP
YoY +0.8% +99.4% +99.4%

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 3,436 91 80 172 1.3 Jun 14, 2024 J-GAAP
May - Oct, 2024 New 2,790 -242 -374 -362 -2.7 Sep 13, 2024 J-GAAP
Revision Rate -18.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2024 Prev 6,302 169 162 137 1.0 Dec 20, 2023 J-GAAP
Oct, 2024 New 5,656 -164 -292 -397 -2.9 Sep 13, 2024 J-GAAP
Revision Rate -10.3%

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 2,955 -1,256 -1,429 -2,930 -23.8 0 Dec 20, 2023 J-GAAP
May - Oct, 2024 Guidance 2,790 -242 -374 -362 -2.7 Sep 13, 2024 J-GAAP
YoY -5.6% +80.7% +73.8% +87.6% +88.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 6,442 -1,389 -1,395 -6,244 -54.7 0 Dec 20, 2022 J-GAAP
Oct, 2023 5,679 -2,653 -2,963 -4,280 -34.7 0 Dec 20, 2023 J-GAAP
Oct, 2024 Guidance 5,656 -164 -292 -397 -2.9 Sep 13, 2024 J-GAAP
YoY -0.4% +93.8% +90.1% +90.7% +91.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 1,466 -540 -557 -554 -4.6 -36.8 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 1,489 -716 -872 -2,376 -19.3 -48.1 Dec 20, 2023 J-GAAP
Nov - Jan, 2023 1,447 16 19 -89 -0.7 1.1 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 1,419 62 63 54 4.8 4.4 Jun 14, 2024 J-GAAP
May - Jul, 2024 1,359 21 19 24 0.2 1.5 Sep 13, 2024 J-GAAP
YoY -7.3%

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