eMnet Japan.co.ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 82%, July-September Ordinary Profit Decreases by 25%

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Wed Nov 6, 2024 3:30 pm JST Earnings

7036 eMnet Japan.co.ltd. 【J-GAAP】

Earnings Report

eMnet Japan.co.ltd. <7036> [TSE-G] announced its financial results after the market closed on November 6th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) significantly dropped by 81.8% from the same period last year to 12 million yen. The progress rate against the 121 million yen full-year plan was 9.9%, also falling below the five-year average of 65.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to surge by 2.0 times that of the same period last year, reaching 109 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit decreased to 12 million yen, a 25.0% decrease compared to the same period last year. However, the operating profit margin improved from 3.9% in the same period last year to 6.3%.

Kabutan News

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	1,098	149	160	108	28.4	67.2	Nov 9, 2022	J-GAAP
Jan - Sep, 2023	1,020	56	66	41	10.9	55.0	Nov 8, 2023	J-GAAP
Jan - Sep, 2024	971	10	12	4	1.1	9.9	Nov 6, 2024	J-GAAP
YoY	-4.8%	-82.1%	-81.8%	-90.2%	-89.8%

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	685	68	70	43	11.3	15	Feb 7, 2024	J-GAAP
Jul - Dec, 2024 Guidance	754	130	121	87	22.5	－	Aug 7, 2024	J-GAAP
YoY	+10.1%	+91.2%	+72.9%	+102.3%	+100.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,466	230	238	175	45.9	30	Feb 8, 2023	J-GAAP
Dec, 2023	1,369	111	120	73	19.1	32	Feb 7, 2024	J-GAAP
Dec, 2024 Guidance	1,406	120	121	83	21.5	－	Feb 7, 2024	J-GAAP
YoY	+2.7%	+8.1%	+0.8%	+13.7%	+12.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	336	13	16	11	2.9	3.9	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	349	55	54	32	8.4	15.8	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	333	8	11	3	0.9	2.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	319	-18	-11	-7	-2.2	-5.6	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	319	20	12	8	2.2	6.3	Nov 6, 2024	J-GAAP
YoY	-5.1%	+53.8%	-25.0%	-27.3%	-24.0%