CrowdWorks Inc., 20% Increase in Operating Profit for The Current Fiscal Year

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Tue Nov 5, 2024 4:00 pm JST Earnings

3900 CrowdWorks Inc. 【J-GAAP】

Earnings Report

CrowdWorks Inc. <3900> [TSE-G] announced its financial results after the market closed on November 5th (16:00). The consolidated operating profit for the fiscal year ending September 2024 increased by 16.2% from the previous period to 1.34 billion yen. For the fiscal year ending September 2025, the profit is expected to grow by 20.0% to 1.6 billion yen. This will be the fourth consecutive term of revenue and profit growth.

At the same time, the company has left the annual dividend for the current term undetermined.

In the most recent three-month period, from July to September (4Q), the consolidated operating profit decreased to 270 million yen, a 18.9% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.5% in the same period last year to 5.7%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	10,574	932	946	802	52.6	0	Nov 14, 2022	J-GAAP
Sep, 2023	13,210	1,153	1,238	1,096	71.2	0	Nov 9, 2023	J-GAAP
Sep, 2024	17,113	1,340	1,386	910	58.3	18	Nov 5, 2024	J-GAAP
YoY	+29.5%	+16.2%	+12.0%	-17.0%	-18.2%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	17,100	1,320	ー	ー	－	18	Oct 17, 2024	J-GAAP
Sep, 2024 Results	17,113	1,340	1,386	910	58.3	18	Nov 5, 2024	J-GAAP
Revision Rate	+0.1%	+1.5%	－	－	－

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	8,122	695	761	477	30.8	0	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	－	Nov 5, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	13,210	1,153	1,238	1,096	71.2	0	Nov 9, 2023	J-GAAP
Sep, 2024	17,113	1,340	1,386	910	58.3	18	Nov 5, 2024	J-GAAP
Sep, 2025 Guidance	22,247	1,608	ー	ー	－	－	Nov 5, 2024	J-GAAP
YoY	+30.0%	+20.0%	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,520	333	352	499	32.4	9.5	Nov 9, 2023	J-GAAP
Oct - Dec, 2023	4,077	346	356	213	13.8	8.5	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	4,045	349	405	264	17.0	8.6	May 9, 2024	J-GAAP
Apr - Jun, 2024	4,287	375	389	228	14.7	8.7	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	4,704	270	236	205	13.1	5.7	Nov 5, 2024	J-GAAP
YoY	+33.6%	-18.9%	-33.0%	-58.9%	-59.5%