ArkCore,Inc., The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 2.2 times Increase, Highest in Two Terms

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Thu Oct 10, 2024 3:30 pm JST Earnings

3384 ArkCore,Inc. 【J-GAAP】

Earnings Report

ArkCore,Inc. <3384> [NSE-N] announced its financial results after the market closed on October 10th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 19.6% from the same period last year, reaching 360 million yen.

In addition, the full-year ordinary profit has been revised upward by 3.7 times, from the previous forecast of 144 million yen to 537 million yen (compared to 245 million yen in the previous period), reaches new record high for the first time in two terms, turning to a 2.2 times increase in the ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit/loss for the September to February period (second half) is expected to turn into a profit of 177 million yen (compared to a loss of 56 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the ordinary profit dropped to 139 million yen, a 33.2% decrease compared to the same period last year. The operating profit margin decreased from 11.3% in the same period last year to 9.7%.

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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	2,768	206	220	218	122.9	71.9	Oct 11, 2022	J-GAAP
Mar - Aug, 2023	3,354	306	301	206	116.2	122.9	Oct 10, 2023	J-GAAP
Mar - Aug, 2024	3,091	368	360	249	140.3	67.0	Oct 10, 2024	J-GAAP
YoY	-7.8%	+20.3%	+19.6%	+20.9%	+20.7%

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	ー	ー	ー	ー	－	0	Apr 15, 2024	J-GAAP
Mar - Aug, 2024 Results	3,091	368	360	249	140.3	0	Oct 10, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	5,203	159	144	100	55.4	0	Apr 15, 2024	J-GAAP
Feb, 2025 New	5,918	553	537	372	205.9	0	Oct 10, 2024	J-GAAP
Revision Rate	+13.7%	+247.8%	+272.9%	+272.0%	+272.0%

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	2,057	-47	-56	-42	-23.7	0	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	2,827	185	177	123	68.1	0	Oct 10, 2024	J-GAAP
YoY	+37.4%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	5,297	304	306	408	229.8	0	Apr 13, 2023	J-GAAP
Feb, 2024	5,411	259	245	164	92.5	0	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	5,918	553	537	372	205.9	0	Oct 10, 2024	J-GAAP
YoY	+9.4%	+113.5%	+119.2%	+126.8%	+122.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	1,864	210	208	143	80.6	11.3	Oct 10, 2023	J-GAAP
Sep - Nov, 2023	1,173	53	48	32	18.0	4.5	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	884	-100	-104	-74	-41.7	-11.3	Apr 15, 2024	J-GAAP
Mar - May, 2024	1,618	225	221	152	85.6	13.9	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	1,473	143	139	97	54.6	9.7	Oct 10, 2024	J-GAAP
YoY	-21.0%	-31.9%	-33.2%	-32.2%	-32.2%