Frontier Inc., December-August (Third Quarter Cumulative) Operating Profit Turns to Loss, June-Augus Operating Profit Turns to Loss

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Tue Oct 15, 2024 3:30 pm JST Earnings

4250 Frontier Inc. 【J-GAAP】

Earnings Report

Frontier Inc. <4250> [FSE-Q] announced its financial results after the market closed on October 15th (15:30). The consolidated operating profit/loss for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) turned into a loss of 3 million yen (compared to a profit of 84 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated operating profit for the September to November period (4Q) is expected to significant drop by 67.9% from the same period last year to 9 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated operating profit/loss turned to a loss of 4 million yen (compared to a profit of 33 million yen in the same period last year). The operating profit/loss margin drastically worsened from 5.7% in the same period last year to -1.2%.

Kabutan News

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	1,254	45	35	28	41.3	79.5	Oct 13, 2022	J-GAAP
Dec - Aug, 2022	1,447	84	80	57	82.8	77.7	Oct 13, 2023	J-GAAP
Dec - Aug, 2023	1,104	-3	4	6	9.8	23.5	Oct 15, 2024	J-GAAP
YoY	-23.7%	－	-95.0%	-89.5%	-88.1%

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	1,297	61	56	51	73.9	15	Jan 15, 2024	J-GAAP
Jun - Nov, 2024 Guidance	934	5	7	7	10.1	10	Jul 12, 2024	J-GAAP
YoY	-28.0%	-91.8%	-87.5%	-86.3%	-86.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	1,917	60	44	39	56.3	15	Jan 13, 2023	J-GAAP
Nov, 2023	2,161	112	103	81	117.4	25	Jan 15, 2024	J-GAAP
Nov, 2024 Guidance	1,712	6	17	17	24.5	10	Jul 12, 2024	J-GAAP
YoY	-20.8%	-94.6%	-83.5%	-79.0%	-79.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	583	33	33	27	39.2	5.7	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	714	28	23	24	34.8	3.9	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	417	8	12	10	15.0	1.9	Apr 15, 2024	J-GAAP
Mar - May, 2024	361	-7	-2	0	0.5	-1.9	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	326	-4	-6	-4	-6.6	-1.2	Oct 15, 2024	J-GAAP
YoY	-44.1%	－	－	－	－