BIKE O & COMPANY Ltd., December-August (Third Quarter Cumulative) Operating Profit Turns to Profit, Exceeds Full-Year Plan

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Fri Oct 4, 2024 3:30 pm JST Earnings

3377 BIKE O & COMPANY Ltd. 【J-GAAP】

Earnings Report

BIKE O & COMPANY Ltd. <3377> [TSE-S] announced its financial results after the market closed on October 4th (15:30). The consolidated operating profit/loss for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) turned into a profit of 280 million yen (compared to a loss of 56 million yen in the previous period non-consolidated). The progress rate for full-year plan of 120 million yen has already exceeded 233.3%, and has also exceeded the five-year average of 75.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating loss for the September to November period (4Q) is expected to expand to a loss of 160 million yen (compared to a loss of 110 million yen in the previous period non-consolidated).

In the most recent three-month period, from June to August (3Q), the consolidated operating profit/loss turned to a profit of profit of 524 million yen (compared to a loss of 444 million yen in the previous period non-consolidated). The operating profit/loss margin drastically improved from -6.6% in the same period last year to 6.0%.

Note: Since the current fiscal year, the company has transitioned to consolidated financial statements.

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	24,512	1,467	2,008	1,397	100.1	88.9	Oct 4, 2022	J-GAAP
Dec - Aug, 2022	24,222	-56	231	11	0.8	154.0	Oct 4, 2023	J-GAAP
Dec - Aug, 2023	25,212	280	504	269	19.3	126.0	Oct 4, 2024	J-GAAP
YoY	+4.1%	－	+118.2%	+2,345.5%	+2,277.8%

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	15,619	-554	-348	-442	-31.9	15	Jan 10, 2024	J-GAAP
Jun - Nov, 2024 Guidance	19,107	364	502	256	18.3	5.50	Jun 28, 2024	J-GAAP
YoY	+22.3%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	33,480	1,653	2,259	1,550	111.0	24	Jan 10, 2023	J-GAAP
Nov, 2023	33,068	-166	150	-110	-7.9	30	Jan 10, 2024	J-GAAP
Nov, 2024 Guidance	35,600	120	400	110	7.9	11	Jun 28, 2024	J-GAAP
YoY	+7.7%	－	+166.7%	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	6,773	-444	-267	-321	-23.6	-6.6	Oct 4, 2023	J-GAAP
Sep - Nov, 2023	8,846	-110	-81	-121	-8.7	-1.2	Jan 10, 2024	J-GAAP
Dec - Feb, 2023	6,907	-613	-587	-463	-33.2	-8.9	Apr 4, 2024	J-GAAP
Mar - May, 2024	9,586	369	485	317	22.7	3.8	Jul 4, 2024	J-GAAP
Jun - Aug, 2024	8,719	524	606	415	29.7	6.0	Oct 4, 2024	J-GAAP
YoY	+28.7%	－	－	－	－