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

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%.

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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 1,254 45 35 28 20.7 79.5 Oct 13, 2022 J-GAAP
Dec - Aug, 2022 1,447 84 80 57 41.4 77.7 Oct 13, 2023 J-GAAP
Dec - Aug, 2023 1,104 -3 4 6 4.9 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 37.0 7.50 Jan 15, 2024 J-GAAP
Jun - Nov, 2024 Guidance 934 5 7 7 5.0 5 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 28.2 7.50 Jan 13, 2023 J-GAAP
Nov, 2023 2,161 112 103 81 58.7 12.50 Jan 15, 2024 J-GAAP
Nov, 2024 Guidance 1,712 6 17 17 12.2 5 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 19.6 5.7 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 714 28 23 24 17.4 3.9 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 417 8 12 10 7.5 1.9 Apr 15, 2024 J-GAAP
Mar - May, 2024 361 -7 -2 0 0.3 -1.9 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 326 -4 -6 -4 -3.3 -1.2 Oct 15, 2024 J-GAAP
YoY -44.1% － － － －

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