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S-Pool,Inc., December-August (Third Quarter Cumulative) Net Income Decreases by 21%

Fri Oct 11, 2024 3:30 pm JST Earnings

2471 S-Pool,Inc. 【J-GAAP】

Earnings Report

S-Pool,Inc. <2471> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 11th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) decreased by 21.0% from the same period last year to 1.04 billion yen. The progress rate against the 1.82 billion yen full-year plan was 57.2%, also falling below the same period of the previous year of 76.6%.

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 for the September to November period (4Q) is expected to expand by 93.1% from the same period last year, reaching 782 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated net income amounted to 363 million yen, an increase of 1.7% compared to the same period last year. However, the operating profit margin worsened from 9.6% in the same period last year to 8.8%.

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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 20,019 2,274 2,272 1,444 18.3 72.9 Oct 4, 2022 J-GAAP
Dec - Aug, 2022 19,352 2,101 2,013 1,325 16.8 76.0 Oct 4, 2023 IFRS
Dec - Aug, 2023 18,179 1,279 1,128 1,047 13.3 41.4 Oct 11, 2024 IFRS
YoY -6.1% -39.1% -44.0% -21.0% -21.0%

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 12,652 1,271 1,198 762 9.7 10 Jan 12, 2024 IFRS
Jun - Nov, 2024 Guidance 14,967 2,009 2,076 1,145 14.5 10 Jul 12, 2024 IFRS
YoY +18.3% +58.1% +73.3% +50.3% +50.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 26,650 3,091 3,118 1,809 22.9 8 Jan 12, 2023 J-GAAP
Nov, 2023 25,784 2,777 2,649 1,730 21.9 10 Jan 12, 2024 IFRS
Nov, 2024 Guidance 27,060 2,750 2,726 1,829 23.2 10 Jan 12, 2024 IFRS
YoY +4.9% -1.0% +2.9% +5.7% +5.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 6,220 595 562 357 4.5 9.6 Oct 4, 2023 IFRS
Sep - Nov, 2023 6,432 676 636 405 5.1 10.5 Jan 12, 2024 IFRS
Dec - Feb, 2023 5,658 25 -13 261 3.3 0.4 Apr 12, 2024 IFRS
Mar - May, 2024 6,435 716 663 423 5.4 11.1 Jul 12, 2024 IFRS
Jun - Aug, 2024 6,086 538 478 363 4.6 8.8 Oct 11, 2024 IFRS
YoY -2.2% -9.6% -14.9% +1.7% +1.8%

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