Interspace Co.,Ltd., Last Fiscal Year Net Income Revised Downward by 82%

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Tue Oct 15, 2024 3:00 pm JST Revision

2122 Interspace Co.,Ltd. 【J-GAAP】

Guidance Update Report

Interspace Co.,Ltd. <2122> [TSE-S] announced a performance revision after the market closed on October 15th (15:00). The consolidated net income for the fiscal year ending September 2024 has downwardly by 82.1%, from the previous forecast of 430 million yen to 77 million yen (compared to 585 million yen in the previous period), leading to an increase in the profit decline rate from 26.5% to 86.8%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) consolidated net income/loss has been revised downward from an expected profit of 180 million yen to a loss of 173 million yen (compared to a profit of 172 million yen in the same period of the previous year), turning to a loss outlook.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	4,104	295	295	180	28.7	30	May 7, 2024	J-GAAP
Apr - Sep, 2024 New	3,907	113	81	-173	-27.6	30	Oct 15, 2024	J-GAAP
Revision Rate	-4.8%	-61.7%	-72.5%	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Prev	8,100	730	720	430	68.5	30	May 7, 2024	J-GAAP
Sep, 2024 New	7,903	548	506	77	12.3	30	Oct 15, 2024	J-GAAP
Revision Rate	-2.4%	-24.9%	-29.7%	-82.1%	-82.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	3,508	225	293	172	27.5	25	Nov 14, 2023	J-GAAP
Apr - Sep, 2024 Guidance	3,907	113	81	-173	-27.6	30	Oct 15, 2024	J-GAAP
YoY	+11.4%	-49.8%	-72.4%	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	7,123	1,067	1,292	563	85.6	25	Nov 8, 2022	J-GAAP
Sep, 2023	7,284	791	908	585	93.4	25	Nov 14, 2023	J-GAAP
Sep, 2024 Guidance	7,903	548	506	77	12.3	30	Oct 15, 2024	J-GAAP
YoY	+8.5%	-30.7%	-44.3%	-86.8%	-86.8%