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Berg Earth co.,Ltd., Third Quarter Cumulative (November-July) Ordinary Profit Loss Widens, 3Q (May-July) Ordinary Profit Turns to Loss

Fri Sep 13, 2024 3:30 pm JST Earnings

1383 Berg Earth co.,Ltd. 【J-GAAP】

Earnings Report

Berg Earth co.,Ltd. <1383> [TSE-S] announced its financial results after the market closed on September 13th (15:30). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) expanded to a loss of 127 million yen (compared to a loss of 73 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 profit for the August to October period (4Q) is expected to grow by 25.7% from the same period last year, reaching 225 million yen.

In the most recent three-month period, from May to July (3Q), the consolidated ordinary profit/loss turned to a loss of 10 million yen (compared to a profit of 26 million yen in the same period last year). The operating profit/loss margin worsened from 1.3% in the same period last year to -1.3%.

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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 4,231 -193 -185 40 28.9 ー Sep 12, 2022 J-GAAP
Nov - Jul, 2022 4,779 -91 -73 -40 -27.1 ー Sep 13, 2023 J-GAAP
Nov - Jul, 2023 4,628 -151 -127 -42 -26.3 ー Sep 13, 2024 J-GAAP
YoY -3.2% -65.9% -74.0% -5.0% +2.7%

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 3,765 187 205 129 84.1 10 Dec 13, 2023 J-GAAP
May - Oct, 2024 Guidance 3,940 222 215 94 58.9 10 Jun 13, 2024 J-GAAP
YoY +4.6% +18.7% +4.9% -27.1% -30.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 6,393 -58 -44 202 142.4 10 Dec 14, 2022 J-GAAP
Oct, 2023 7,061 76 106 78 50.9 10 Dec 13, 2023 J-GAAP
Oct, 2024 Guidance 7,100 90 98 77 48.2 10 Dec 13, 2023 J-GAAP
YoY +0.6% +18.4% -7.5% -1.3% -5.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 1,483 20 26 11 7.4 1.3 Sep 13, 2023 J-GAAP
Aug - Oct, 2023 2,282 167 179 118 76.9 7.3 Dec 13, 2023 J-GAAP
Nov - Jan, 2023 739 -321 -315 -222 -139.4 -43.4 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 2,421 189 198 205 131.6 7.8 Jun 13, 2024 J-GAAP
May - Jul, 2024 1,468 -19 -10 -25 -15.7 -1.3 Sep 13, 2024 J-GAAP
YoY -1.0% － － － －

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