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

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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%	－	－