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ELEMENTS, Inc., June-August (3Q) Ordinary Profit Turns to Loss

Fri Oct 11, 2024 3:00 pm JST Earnings

5246 ELEMENTS, Inc. 【J-GAAP】

Earnings Report

ELEMENTS, Inc. <5246> [TSE-G] announced its financial results after the market closed on October 11th (15:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) turned into a profit of 45 million yen (compared to a loss of 408 million yen in the same period last year). This has already exceeded the planned deficit of loss of 28 million yen for the .

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/loss for the September to November period (4Q) is expected to turn into a loss of 73 million yen (compared to a profit of 53 million yen in the same period last year).

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit/loss turned to a loss of 53 million yen (compared to a profit of 74 million yen in the same period last year). The operating profit/loss margin drastically worsened from 16.7% in the same period last year to -5.7%.

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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, 2022 1,315 -375 -408 -374 -18.0 ー Oct 12, 2023 J-GAAP
Dec - Aug, 2023 1,857 110 45 -38 -1.7 ー Oct 11, 2024 J-GAAP
YoY +41.2% － － +89.8% +90.7%

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 1,157 167 127 110 5.2 0 Jan 15, 2024 J-GAAP
Jun - Nov, 2024 Guidance 1,324 -109 -126 -214 -8.7 0 Jul 12, 2024 J-GAAP
YoY +14.4% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 1,651 -579 -600 -561 -39.5 0 Jan 16, 2023 J-GAAP
Nov, 2023 1,940 -297 -355 -338 -16.1 0 Jan 15, 2024 J-GAAP
Nov, 2024 Guidance 2,532 38 -28 -175 -7.2 0 Jul 12, 2024 J-GAAP
YoY +30.5% － +92.1% +48.2% +55.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 532 89 74 74 3.6 16.7 Oct 12, 2023 J-GAAP
Sep - Nov, 2023 625 78 53 36 1.7 12.5 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 432 16 -15 -16 -0.7 3.7 Apr 12, 2024 J-GAAP
Mar - May, 2024 776 131 113 55 2.4 16.9 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 649 -37 -53 -77 -3.4 -5.7 Oct 11, 2024 J-GAAP
YoY +22.0% － － － －

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