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Twenty-four seven Inc., The Current Fiscal Year Net Income Loss Widened in Downward Revision

Tue Oct 15, 2024 3:30 pm JST Earnings

7074 Twenty-four seven Holdings Inc. 【J-GAAP】

Earnings Report

Twenty-four seven Inc. <7074> [TSE-G] announced its financial results after the market closed on October 15th (15:30). The net loss (non-consolidated) for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) expanded to a loss of 428 million yen (compared to a loss of 363 million yen in the same period last year). The company has been in a state of excessive liabilities (111 million yen) for two consecutive quarters.

In addition, the full-year net income/loss has been revised downward from an expected loss of 330 million yen to a loss of 490 million yen (compared to a loss of 480 million yen in the previous period), indicating an expansion in the loss margin.

Based on the full-year plan announced by the company after the downward revision, our estimate of the net income/loss for the June to November period (second half) has been revised downward from an expected profit of 40 million yen to a loss of 120 million yen (compared to a loss of 233 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from June to August (3Q), the net loss improved to a deficit of loss of 58 million yen (compared to a loss of 116 million yen in the same period last year). The operating profit/loss margin significantly improved from -11.6% in the same period last year to -7.5%.

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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 3,284 -395 -388 -478 -105.3 ー Oct 14, 2022 J-GAAP
Dec - Aug, 2022 2,497 -272 -277 -363 -79.7 ー Oct 13, 2023 J-GAAP
Dec - Aug, 2023 1,945 -373 -370 -428 -73.4 ー Oct 15, 2024 J-GAAP
YoY -22.1% -37.1% -33.6% -17.9% +8.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 Prev 1,505 33 28 40 6.1 0 Jul 12, 2024 J-GAAP
Jun - Nov, 2024 New 1,195 -96 -106 -120 -18.3 0 Oct 15, 2024 J-GAAP
Revision Rate -20.6% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2024 Prev 2,800 -291 -296 -330 -50.4 0 Apr 15, 2024 J-GAAP
Nov, 2024 New 2,490 -420 -430 -490 -74.8 0 Oct 15, 2024 J-GAAP
Revision Rate -11.1% -44.3% -45.3% -48.5% -48.5%

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 1,516 -180 -195 -233 -49.9 0 Jan 15, 2024 J-GAAP
Jun - Nov, 2024 Guidance 1,195 -96 -106 -120 -18.3 0 Oct 15, 2024 J-GAAP
YoY -21.2% +46.7% +45.6% +48.5% +63.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2022 4,236 -539 -532 -1,690 -371.6 0 Jan 16, 2023 J-GAAP
Nov, 2023 3,212 -359 -379 -480 -102.7 0 Jan 15, 2024 J-GAAP
Nov, 2024 Guidance 2,490 -420 -430 -490 -74.8 0 Oct 15, 2024 J-GAAP
YoY -22.5% -17.0% -13.5% -2.1% +27.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 801 -93 -93 -116 -25.5 -11.6 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 715 -87 -102 -117 -25.0 -12.2 Jan 15, 2024 J-GAAP
Dec - Feb, 2023 619 -198 -200 -213 -37.0 -32.0 Apr 15, 2024 J-GAAP
Mar - May, 2024 676 -126 -124 -157 -27.3 -18.6 Jul 12, 2024 J-GAAP
Jun - Aug, 2024 650 -49 -46 -58 -9.9 -7.5 Oct 15, 2024 J-GAAP
YoY -18.9% +47.3% +50.5% +50.0% +61.0%

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