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Eltes Co., Ltd., First Half Net Income Turns to Loss, June-Augus Net Income Turns to Loss

Fri Oct 11, 2024 3:00 pm JST Earnings

3967 Eltes Co., Ltd. 【J-GAAP】

Earnings Report

Eltes Co., Ltd. <3967> [TSE-G] announced its financial results after the market closed on October 11th (15:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a loss of 94 million yen (compared to a break even in the same period last year)..

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the September to February period (second half) is expected to decrease by 5.1% from the same period last year to 244 million yen.

In the most recent three-month period, from June to August (2Q), the consolidated net income/loss turned to a loss of 25 million yen (compared to a profit of 18 million yen in the same period last year). However, the operating profit margin improved from 0.7% in the same period last year to 2.0%.

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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 1,850 22 -6 -19 -3.4 Oct 14, 2022 J-GAAP
Mar - Aug, 2023 2,960 -16 -47 0 0.0 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 3,394 -61 -65 -94 -15.7 Oct 11, 2024 J-GAAP
YoY +14.7% -281.3% -38.3% -52,300.0%

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 3,394 -61 -65 -94 -15.7 0 Oct 11, 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 3,575 198 190 257 42.7 0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 3,806 391 315 244 40.4 0 Oct 11, 2024 J-GAAP
YoY +6.5% +97.5% +65.8% -5.1% -5.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 4,685 202 143 42 7.3 0 Apr 14, 2023 J-GAAP
Feb, 2024 6,535 182 143 257 42.7 0 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 7,200 330 250 150 24.9 0 Apr 12, 2024 J-GAAP
YoY +10.2% +81.3% +74.8% -41.6% -41.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 1,579 11 -18 18 3.0 0.7 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 1,791 118 115 9 1.6 6.6 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,784 80 75 248 41.2 4.5 Apr 12, 2024 J-GAAP
Mar - May, 2024 1,616 -97 -86 -69 -11.5 -6.0 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 1,778 36 21 -25 -4.2 2.0 Oct 11, 2024 J-GAAP
YoY +12.6% +227.3%

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