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Slogan Inc., First Half Ordinary Profit Decreases by 16%, June-Augus Ordinary Profit Turns to Loss

Thu Oct 10, 2024 3:00 pm JST Earnings

9253 Slogan Inc. 【J-GAAP】

Earnings Report

Slogan Inc. <9253> [TSE-G] announced its financial results after the market closed on October 10th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) decreased by 15.8% from the same period last year to 160 million yen. The progress rate against the 175 million yen full-year plan was 91.4%, below the four-year average of 113.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 15 million yen (compared to a loss of 39 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit/loss turned to a loss of 68 million yen (compared to a profit of 44 million yen in the same period last year). The operating profit/loss margin drastically worsened from 11.8% in the same period last year to -29.0%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2022 847 225 229 145 55.8 109.6 Oct 12, 2022 J-GAAP
Mar - Aug, 2023 828 190 190 123 46.6 125.8 Oct 11, 2023 J-GAAP
Mar - Aug, 2024 773 164 160 110 41.7 91.4 Oct 10, 2024 J-GAAP
YoY -6.6% -13.7% -15.8% -10.6% -10.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 773 164 160 110 41.7 0 Oct 10, 2024 J-GAAP
Revision Rate

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 590 -35 -39 -32 -12.1 0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 677 16 15 6 2.3 0 Oct 10, 2024 J-GAAP
YoY +14.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 1,471 208 209 139 53.3 8 Apr 13, 2023 J-GAAP
Feb, 2024 1,418 155 151 91 34.4 0 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 1,450 180 175 116 44.8 0 Apr 12, 2024 J-GAAP
YoY +2.3% +16.1% +15.9% +27.5% +30.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 347 41 44 28 10.6 11.8 Oct 11, 2023 J-GAAP
Sep - Nov, 2023 284 -29 -33 -29 -11.0 -10.2 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 306 -6 -6 -3 -1.1 -2.0 Apr 12, 2024 J-GAAP
Mar - May, 2024 542 231 228 152 57.8 42.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 231 -67 -68 -42 -15.9 -29.0 Oct 10, 2024 J-GAAP
YoY -33.4%

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