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

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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%.

Kabutan News

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	ー	Oct 14, 2022	J-GAAP
Mar - Aug, 2023	2,960	-16	-47	0	0.0	ー	Oct 13, 2023	J-GAAP
Mar - Aug, 2024	3,394	-61	-65	-94	-15.7	ー	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	ー	ー	ー	ー	－	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%	－	－	－