SALA CORPORATION, June-August (3Q) Ordinary Profit Turns to Loss

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Fri Oct 4, 2024 4:30 pm JST Earnings

2734 SALA CORPORATION 【J-GAAP】

Earnings Report

SALA CORPORATION <2734> [TSE-P] announced its financial results after the market closed on October 4th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) was 5.78 billion yen, a 0.9% increase compared to the same period last year. However, The progress rate against the 8 billion yen full-year plan was 72.4%, also falling below the five-year average of 84.3%.

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 grow by 3.6% from the same period last year, reaching 2.21 billion yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit/loss turned to a loss of 338 million yen (compared to a profit of 56 million yen in the same period last year). However, the operating profit/loss margin improved from -1.2% in the same period last year to -0.5%.

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	173,021	5,922	7,666	5,350	83.9	89.1	Oct 7, 2022	J-GAAP
Dec - Aug, 2022	181,291	4,341	5,736	4,903	76.8	72.9	Oct 6, 2023	J-GAAP
Dec - Aug, 2023	176,425	4,626	5,789	3,980	62.1	72.4	Oct 4, 2024	J-GAAP
YoY	-2.7%	+6.6%	+0.9%	-18.8%	-19.1%

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	116,083	1,061	2,190	1,351	21.2	13	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	136,103	1,411	1,873	1,096	17.1	17	Jul 5, 2024	J-GAAP
YoY	+17.2%	+33.0%	-14.5%	-18.9%	-19.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	234,848	6,891	8,601	5,682	89.1	26	Jan 12, 2023	J-GAAP
Nov, 2023	242,059	6,083	7,870	6,099	95.5	26	Jan 12, 2024	J-GAAP
Nov, 2024 Guidance	255,000	6,300	8,000	5,400	84.1	30	Jul 5, 2024	J-GAAP
YoY	+5.3%	+3.6%	+1.7%	-11.5%	-11.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	55,315	-681	56	155	2.4	-1.2	Oct 6, 2023	J-GAAP
Sep - Nov, 2023	60,768	1,742	2,134	1,196	18.7	2.9	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	59,166	2,541	2,900	1,937	30.3	4.3	Apr 5, 2024	J-GAAP
Mar - May, 2024	59,731	2,348	3,227	2,367	37.0	3.9	Jul 5, 2024	J-GAAP
Jun - Aug, 2024	57,528	-263	-338	-324	-5.1	-0.5	Oct 4, 2024	J-GAAP
YoY	+4.0%	+61.4%	－	－	－