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RIGHT ON Co.,Ltd, The Current Fiscal Year's Net Income to Narrow

Tue Oct 8, 2024 5:00 pm JST Earnings

7445 RIGHT ON Co.,Ltd 【J-GAAP】

Earnings Report

RIGHT ON Co.,Ltd <7445> [TSE-S] announced its financial results after the market closed on October 8th (17:00). The net loss (non-consolidated) for the fiscal year ending August 2024 expanded to a loss of 12.1 billion yen (compared to a loss of 2.54 billion yen in the previous period), but it is expected to shrink to loss of 1.8 billion yen for the fiscal year ending August 2025. This will mark the seventh consecutive term of losses.

In the most recent three-month period, from June to August (4Q), the net loss expanded to a loss of 9.6 billion yen (compared to a loss of 2.24 billion yen in the same period last year). The operating profit/loss margin drastically worsened from -12.1% in the same period last year to -33.8%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2022 48,229 239 7 -1,166 -39.9 0 Oct 11, 2022 J-GAAP
Aug, 2023 46,926 -922 -1,048 -2,545 -86.1 0 Oct 10, 2023 J-GAAP
Aug, 2024 38,808 -5,000 -5,166 -12,142 -410.5 0 Oct 8, 2024 J-GAAP
YoY -17.3% -442.3% -392.9% -377.1% -377.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2024 Guidance 41,000 -2,400 -2,500 -3,200 -108.2 0 Apr 2, 2024 J-GAAP
Aug, 2024 Results 38,808 -5,000 -5,166 -12,142 -410.5 0 Oct 8, 2024 J-GAAP
Revision Rate -5.3% -108.3% -106.6% -279.4% -279.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 21,298 -1,331 -1,353 -1,617 -54.7 0 Apr 9, 2024 J-GAAP
Sep - Feb, 2024 Guidance 16,200 -1,300 -1,600 -1,375 -38.8 0 Oct 8, 2024 J-GAAP
YoY -23.9% +2.3% -18.3% +15.0% +29.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Aug, 2023 46,926 -922 -1,048 -2,545 -86.1 0 Oct 10, 2023 J-GAAP
Aug, 2024 38,808 -5,000 -5,166 -12,142 -410.5 0 Oct 8, 2024 J-GAAP
Aug, 2025 Guidance 28,100 -1,500 -2,000 -1,800 -50.7 0 Oct 8, 2024 J-GAAP
YoY -27.6% +70.0% +61.3% +85.2% +87.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 10,208 -1,236 -1,270 -2,243 -75.9 -12.1 Oct 10, 2023 J-GAAP
Sep - Nov, 2023 10,299 -517 -531 -681 -23.0 -5.0 Jan 11, 2024 J-GAAP
Dec - Feb, 2023 10,999 -814 -822 -936 -31.7 -7.4 Apr 9, 2024 J-GAAP
Mar - May, 2024 9,068 -812 -823 -921 -31.1 -9.0 Jul 9, 2024 J-GAAP
Jun - Aug, 2024 8,442 -2,857 -2,990 -9,604 -324.7 -33.8 Oct 8, 2024 J-GAAP
YoY -17.3% -131.1% -135.4% -328.2% -328.1%

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