EcoNaviSta, Inc., Third Quarter Cumulative (November-July) Ordinary Profit Increases by 3%, 3Q (May-July) Ordinary Profit Increases by 12 times

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Fri Sep 13, 2024 4:00 pm JST Earnings

5585 EcoNaviSta, Inc. 【J-GAAP】

Earnings Report

EcoNaviSta, Inc. <5585> [TSE-G] announced its financial results after the market closed on September 13th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) increased by 3.1% from the same period last year, reaching 429 million yen. This progress accounts for 100.0% of the full-year plan of 429 million yen, it was below the same period of the previous year of 111.5%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit/loss for the August to October period (4Q) is expected to turn into a break even (compared to a loss of 43 million yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the ordinary profit surged to 12 times that of the same period last year, reaching 12 million yen. The operating profit margin improved from 3.7% in the same period last year to 6.4%.

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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, 2022	987	423	416	286	59.6	111.5	Sep 14, 2023	J-GAAP
Nov - Jul, 2023	1,100	429	429	295	46.1	100.0	Sep 13, 2024	J-GAAP
YoY	+11.4%	+1.4%	+3.1%	+3.1%	-22.7%

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	261	-32	-42	-15	-2.9	0	Dec 15, 2023	J-GAAP
May - Oct, 2024 Guidance	435	12	12	9	1.4	0	Jun 14, 2024	J-GAAP
YoY	+66.7%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2023	1,086	385	373	273	53.5	0	Dec 15, 2023	J-GAAP
Oct, 2024 Guidance	1,347	429	429	297	45.1	0	Dec 15, 2023	J-GAAP
YoY	+24.0%	+11.4%	+15.0%	+8.8%	-15.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
May - Jul, 2023	162	6	1	-2	-0.4	3.7	Sep 14, 2023	J-GAAP
Aug - Oct, 2023	99	-38	-43	-13	-2.6	-38.4	Dec 15, 2023	J-GAAP
Nov - Jan, 2023	347	133	133	92	14.3	38.3	Mar 15, 2024	J-GAAP
Feb - Apr, 2024	565	284	284	196	30.6	50.3	Jun 14, 2024	J-GAAP
May - Jul, 2024	188	12	12	7	1.1	6.4	Sep 13, 2024	J-GAAP
YoY	+16.0%	+100.0%	+1,100.0%	－	－