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

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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%	－	－	－	－