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Kushim, Inc., Third Quarter Cumulative (November-July) Net Income Loss Widens, 3Q (May-July) Net Income Loss Widens

Tue Sep 17, 2024 3:30 pm JST Earnings

2345 Kushim, Inc. 【J-GAAP】

Earnings Report

Kushim, Inc. <2345> [TSE-S] announced its financial results after the market closed on September 17th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending October 2024 (November 2023 to July 2024) expanded to a loss of 1.91 billion yen (compared to a loss of 147 million yen in the same period last year).

In the most recent three-month period, from May to July (3Q), the consolidated net loss expanded to a loss of 152 million yen (compared to a loss of 123 million yen in the same period last year). However, the operating profit/loss margin drastically improved from -28.6% in the same period last year to -22.1%.

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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 1,182 72 65 474 40.7 36.3 Sep 14, 2022 J-GAAP
Nov - Jul, 2022 491 -453 -488 -159 -10.8 Sep 14, 2023 J-GAAP
Nov - Jul, 2023 1,168 -786 -801 -814 -48.2 Sep 17, 2024 J-GAAP
YoY +137.9% -73.5% -64.1% -411.9% -345.0%

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 -206 -881 -1,024 -2,706 -183.9 0 Dec 14, 2023 J-GAAP
May - Oct, 2024 Guidance Dec 14, 2023 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2022 1,603 186 179 605 48.5 0 Dec 14, 2022 J-GAAP
Oct, 2023 40 -1,265 -1,401 -2,742 -186.4 0 Dec 14, 2023 J-GAAP
Oct, 2024 Guidance Dec 14, 2023 J-GAAP
YoY

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
May - Jul, 2023 245 -69 -111 -123 -8.4 -28.2 Sep 14, 2023 J-GAAP
Aug - Oct, 2023 -451 -812 -913 -2,583 -175.6 180.0 Dec 14, 2023 J-GAAP
Nov - Jan, 2023 124 -511 -515 -511 -32.9 -412.1 Mar 14, 2024 J-GAAP
Feb - Apr, 2024 587 -174 -180 -151 -9.2 -29.6 Jun 14, 2024 J-GAAP
May - Jul, 2024 457 -101 -106 -152 -9.0 -22.1 Sep 17, 2024 J-GAAP
YoY +86.5% -46.4% +4.5% -23.6% -7.4%

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