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ESPOIR Co.,Ltd., The Current Fiscal Year Net Income Loss Widened in Downward Revision

Tue Oct 15, 2024 3:30 pm JST Earnings

3260 ESPOIR Co.,Ltd. 【J-GAAP】

Earnings Report

ESPOIR Co.,Ltd. <3260> [NSE-N] announced its financial results after the market closed on October 15th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending February 2025 (March to August) turned into a loss of 128 million yen (compared to a profit of 1.47 billion yen in the same period last year), further increasing the deficit beyond the forecast of a loss of 52 million yen.

In addition, the full-year consolidated net income/loss has been revised downward from an expected loss of 50 million yen to a loss of 96 million yen (compared to a profit of 1.42 billion yen in the previous period), indicating an expansion in the loss margin.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the September to February period (second half) is expected to turn into a profit of 32 million yen (compared to a loss of 49 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the consolidated net income/loss turned to a loss of 85 million yen (compared to a profit of 985 million yen in the same period last year). The operating profit/loss margin drastically worsened from -38.3% in the same period last year to -140.4%.

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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 650 43 35 30 20.3 140.0 Oct 13, 2022 J-GAAP
Mar - Aug, 2023 636 196 180 1,470 881.4 146.3 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 106 -119 -115 -128 -73.1 ー Oct 15, 2024 J-GAAP
YoY -83.3% － － － －

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 270 -46 -50 -52 -28.6 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 106 -119 -115 -128 -73.1 0 Oct 15, 2024 J-GAAP
Revision Rate -60.7% -158.7% -130.0% -146.2% -155.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2025 Prev 930 -38 -47 -50 -27.1 0 Apr 12, 2024 J-GAAP
Feb, 2025 New 921 -93 -91 -96 -52.0 0 Oct 15, 2024 J-GAAP
Revision Rate -1.0% -144.7% -93.6% -92.0% -92.0%

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 72 -57 -57 -49 -29.4 0 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 815 26 24 32 17.3 0 Oct 15, 2024 J-GAAP
YoY +1,031.9% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 1,395 72 25 -2,359 -1,524.7 0 Apr 14, 2023 J-GAAP
Feb, 2024 708 139 123 1,421 852.1 0 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 921 -93 -91 -96 -52.0 0 Oct 15, 2024 J-GAAP
YoY +30.1% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 115 -44 -52 985 590.6 -38.3 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 43 -11 -12 -3 -1.8 -25.6 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 29 -46 -45 -46 -27.6 -158.6 Apr 12, 2024 J-GAAP
Mar - May, 2024 49 -39 -41 -43 -25.6 -79.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 57 -80 -74 -85 -48.5 -140.4 Oct 15, 2024 J-GAAP
YoY -50.4% -81.8% -42.3% － －

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