SymBio Pharmaceuticals Limited, January-September (Third Quarter Cumulative) Net Income Loss Widens, July-September Net Income Loss Widens

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Thu Oct 31, 2024 3:30 pm JST Earnings

4582 SymBio Pharmaceuticals Limited 【J-GAAP】

Earnings Report

SymBio Pharmaceuticals Limited <4582> [TSE-G] announced its financial results after the market closed on October 31st (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to a loss of 2.84 billion yen (compared to a loss of 788 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 net loss for the October to December period (4Q) is expected to further decrease to loss of 783 million yen (compared to a loss of 1.17 billion yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net loss expanded to a loss of 1.3 billion yen (compared to a loss of 709 million yen in the same period last year). The operating profit/loss margin drastically worsened from -18.8% in the same period last year to -174.6%.

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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
Jan - Sep, 2022	7,355	1,588	1,843	1,555	40.0	92.2	Nov 8, 2022	J-GAAP
Jan - Sep, 2023	4,421	-283	-156	-788	-19.9	ー	Nov 14, 2023	J-GAAP
Jan - Sep, 2024	1,898	-2,791	-2,759	-2,845	-63.4	ー	Oct 31, 2024	J-GAAP
YoY	-57.1%	-886.2%	-1,668.6%	-261.0%	-218.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	2,411	-762	-802	-1,883	-47.2	0	Feb 8, 2024	J-GAAP
Jul - Dec, 2024 Guidance	1,339	-1,983	-2,043	-2,087	-45.5	0	Aug 1, 2024	J-GAAP
YoY	-44.5%	-160.2%	-154.7%	-10.8%	+3.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	10,008	1,963	1,999	1,179	30.2	0	Feb 9, 2023	J-GAAP
Dec, 2023	5,589	-811	-736	-1,962	-49.2	0	Feb 8, 2024	J-GAAP
Dec, 2024 Guidance	2,623	-3,702	-3,524	-3,628	-79.2	0	May 7, 2024	J-GAAP
YoY	-53.1%	-356.5%	-378.8%	-84.9%	-60.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,243	-234	-222	-709	-17.9	-18.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	1,168	-528	-580	-1,174	-29.4	-45.2	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	597	-806	-727	-777	-18.0	-135.0	May 7, 2024	J-GAAP
Apr - Jun, 2024	687	-913	-754	-764	-17.2	-132.9	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	614	-1,072	-1,278	-1,304	-29.1	-174.6	Oct 31, 2024	J-GAAP
YoY	-50.6%	-358.1%	-475.7%	-83.9%	-62.4%