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STrust Co.,Ltd., June-August (2Q) Ordinary Profit Loss Widens

Fri Oct 11, 2024 3:30 pm JST Earnings

3280 STrust Co.,Ltd. 【J-GAAP】

Earnings Report

STrust Co.,Ltd. <3280> [TSE-S] announced its financial results after the market closed on October 11th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a profit of 199 million yen (compared to a loss of 127 million yen in the same period last year). However, The progress rate against the 1.6 billion yen full-year plan was 12.4%, also falling below the five-year average of 28.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 15.7% from the same period last year, reaching 1.4 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary loss expanded to a loss of 86 million yen (compared to a loss of 51 million yen in the same period last year). The operating profit/loss margin worsened from -0.5% in the same period last year to -3.3%.

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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 6,084 410 347 235 39.5 28.4 Oct 7, 2022 J-GAAP
Mar - Aug, 2023 4,886 -46 -127 -103 -17.2 ー Oct 10, 2023 J-GAAP
Mar - Aug, 2024 4,749 171 199 122 20.4 12.4 Oct 11, 2024 J-GAAP
YoY -2.8% － － － －

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 － 12 Apr 8, 2024 J-GAAP
Mar - Aug, 2024 Results 4,749 171 199 122 20.4 12 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 13,158 1,186 1,211 832 138.8 11 Apr 8, 2024 J-GAAP
Sep - Feb, 2024 Guidance 14,851 1,529 1,401 878 145.6 12 Oct 11, 2024 J-GAAP
YoY +12.9% +28.9% +15.7% +5.5% +4.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 15,619 1,358 1,223 838 140.5 20 Apr 10, 2023 J-GAAP
Feb, 2024 18,044 1,140 1,084 729 121.6 22 Apr 8, 2024 J-GAAP
Feb, 2025 Guidance 19,600 1,700 1,600 1,000 165.8 24 Apr 8, 2024 J-GAAP
YoY +8.6% +49.1% +47.6% +37.2% +36.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 2,896 -15 -51 -40 -6.7 -0.5 Oct 10, 2023 J-GAAP
Sep - Nov, 2023 4,644 241 200 136 23.2 5.2 Jan 10, 2024 J-GAAP
Dec - Feb, 2023 8,514 945 1,011 696 116.1 11.1 Apr 8, 2024 J-GAAP
Mar - May, 2024 3,334 218 285 196 32.7 6.5 Jul 8, 2024 J-GAAP
Jun - Aug, 2024 1,415 -47 -86 -74 -12.3 -3.3 Oct 11, 2024 J-GAAP
YoY -51.1% -213.3% -68.6% -85.0% -84.5%

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