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REVOLUTION CO.,LTD., Third Quarter Cumulative (November-July) Ordinary Profit Loss Narrows, 3Q (May-July) Ordinary Profit Turns to Profit

Fri Sep 13, 2024 4:30 pm JST Earnings

8894 REVOLUTION CO.,LTD. 【J-GAAP】

Earnings Report

REVOLUTION CO.,LTD. <8894> [TSE-S] announced its financial results after the market closed on September 13th (16:30). 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 127 million yen (compared to a loss of 194 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/loss for the August to October period (4Q) is expected to turn into a profit of 515 million yen (compared to a loss of 214 million yen in the same period last 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 66 million yen (compared to a loss of 30 million yen in the same period last year). The operating profit/loss margin significantly improved from -1.5% in the same period last year to 2.9%.

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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 638 -257 -245 -288 -7.2 Sep 13, 2022 J-GAAP
Nov - Jul, 2022 2,321 -196 -194 -201 -5.0 Sep 13, 2023 J-GAAP
Nov - Jul, 2023 3,056 -112 -127 -118 -1.8 Sep 13, 2024 J-GAAP
YoY +31.7% +42.9% +34.5% +41.3% +64.0%

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 2,049 -248 -244 -206 -4.7 0 Dec 15, 2023 J-GAAP
May - Oct, 2024 Guidance 4,621 562 581 569 5.2 0 Jun 13, 2024 J-GAAP
YoY +125.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 2,026 -69 -67 3 0.1 0 Dec 15, 2022 J-GAAP
Oct, 2023 2,403 -415 -408 -372 -8.4 0 Dec 15, 2023 J-GAAP
Oct, 2024 Guidance 5,021 373 388 373 3.4 0 Feb 26, 2024 J-GAAP
YoY +108.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 1,967 -29 -30 -35 -0.9 -1.5 Sep 13, 2023 J-GAAP
Aug - Oct, 2023 82 -219 -214 -171 -3.9 -267.1 Dec 15, 2023 J-GAAP
Nov - Jan, 2023 282 -106 -105 -107 -1.7 -37.6 Mar 15, 2024 J-GAAP
Feb - Apr, 2024 118 -83 -88 -89 -1.4 -70.3 Jun 13, 2024 J-GAAP
May - Jul, 2024 2,656 77 66 78 1.2 2.9 Sep 13, 2024 J-GAAP
YoY +35.0%

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