eXmotion Co.,Ltd., December-August (Third Quarter Cumulative) Ordinary Profit Decreases by 37%

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Fri Oct 4, 2024 3:00 pm JST Earnings

4394 eXmotion Co.,Ltd. 【J-GAAP】

Earnings Report

eXmotion Co.,Ltd. <4394> [TSE-G] announced its financial results after the market closed on October 4th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) dropped by 36.8% from the same period last year to 84 million yen. The progress rate against the 141 million yen full-year plan was 59.6%, also falling below the five-year average of 79.0%.

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 September to November period (4Q) is expected to surge by 57 times that of the same period last year, reaching 57 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit increased by 39.0% from the same period last year, reaching 57 million yen. The operating profit margin rose from 14.5% in the same period last year to 16.8%.

Kabutan News

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
Dec - Aug, 2021	765	145	146	100	34.2	78.5	Oct 7, 2022	J-GAAP
Dec - Aug, 2022	817	130	133	48	16.3	99.3	Oct 6, 2023	J-GAAP
Dec - Aug, 2023	925	82	84	50	16.9	59.6	Oct 4, 2024	J-GAAP
YoY	+13.2%	-36.9%	-36.8%	+4.2%	+3.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	571	42	42	-48	-17.9	18	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	672	111	114	74	24.5	19	Jul 5, 2024	J-GAAP
YoY	+17.7%	+164.3%	+171.4%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	1,048	184	186	134	45.6	17	Jan 13, 2023	J-GAAP
Nov, 2023	1,105	131	134	6	2.2	18	Jan 12, 2024	J-GAAP
Nov, 2024 Guidance	1,258	136	141	88	29.2	19	Jan 12, 2024	J-GAAP
YoY	+13.8%	+3.8%	+5.2%	+1,366.7%	+1,202.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	283	41	41	-6	-2.0	14.5	Oct 6, 2023	J-GAAP
Sep - Nov, 2023	288	1	1	-42	-15.7	0.3	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	288	6	8	3	1.1	2.1	Apr 5, 2024	J-GAAP
Mar - May, 2024	298	19	19	11	3.8	6.4	Jul 5, 2024	J-GAAP
Jun - Aug, 2024	339	57	57	36	12.1	16.8	Oct 4, 2024	J-GAAP
YoY	+19.8%	+39.0%	+39.0%	－	－