NCXX Group Inc., June-August (3Q) Net Income Loss Narrows

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Fri Oct 11, 2024 3:00 pm JST Earnings

6634 NCXX Group Inc. 【J-GAAP】

Earnings Report

NCXX Group Inc. <6634> [TSE-S] announced its financial results after the market closed on October 11th (15:00). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) turned into a loss of 271 million yen (compared to a profit of 7 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income/loss for the September to November period (4Q) is expected to turn into a profit of 424 million yen (compared to a loss of 664 million yen in the same period last year).

In the most recent three-month period, from June to August (3Q), the consolidated net loss improved to a deficit of loss of 68 million yen (compared to a loss of 80 million yen in the same period last year). The operating profit/loss margin drastically improved from -58.4% in the same period last year to -12.2%.

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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	2,441	432	528	235	10.4	99.8	Oct 14, 2022	J-GAAP
Dec - Aug, 2022	597	-167	-126	7	0.3	ー	Oct 13, 2023	J-GAAP
Dec - Aug, 2023	1,044	-264	-264	-271	-9.1	ー	Oct 11, 2024	J-GAAP
YoY	+74.9%	-58.1%	-109.5%	－	－

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	342	-124	-102	-744	-27.4	0	Jan 18, 2024	J-GAAP
Jun - Nov, 2024 Guidance	1,032	355	364	356	9.4	0	Jul 12, 2024	J-GAAP
YoY	+201.8%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	2,758	427	529	806	34.0	0	Jan 18, 2023	J-GAAP
Nov, 2023	802	-211	-150	-657	-24.2	0	Jan 18, 2024	J-GAAP
Nov, 2024 Guidance	1,517	159	169	153	4.0	0	Jan 18, 2024	J-GAAP
YoY	+89.2%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	137	-80	-78	-80	-3.0	-58.4	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	205	-44	-24	-664	-24.5	-21.5	Jan 18, 2024	J-GAAP
Dec - Feb, 2023	250	-55	-56	-60	-2.2	-22.0	Apr 12, 2024	J-GAAP
Mar - May, 2024	235	-141	-139	-143	-5.2	-60.0	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	559	-68	-69	-68	-2.3	-12.2	Oct 11, 2024	J-GAAP
YoY	+308.0%	+15.0%	+11.5%	+15.0%	+23.2%