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for Startups, Inc., First Half Ordinary Profit Decreases by 49%, July-September Ordinary Profit Decreases by 62%

Thu Nov 7, 2024 12:00 pm JST Earnings

7089 for Startups, Inc. 【J-GAAP】

Earnings Report

for Startups, Inc. <7089> [TSE-G] announced its financial results at noon (12:00) on November 7th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 48.8% from the same period last year to 155 million yen. The progress rate against the 450 million yen full-year plan was 34.4%, also falling below the five-year average of 76.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 2.4 times that of the same period last year, reaching 295 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit significantly dropped to 77 million yen, a 62.3% decrease compared to the same period last year. The operating profit margin sharply declined from 23.1% in the same period last year to 9.4%.

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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
Apr - Sep, 2022 1,437 317 318 226 63.9 54.3 Nov 8, 2022 J-GAAP
Apr - Sep, 2023 1,609 304 303 214 60.5 70.8 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 1,698 156 155 116 32.0 34.4 Nov 7, 2024 J-GAAP
YoY +5.5% -48.7% -48.8% -45.8% -47.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 0 May 9, 2024 J-GAAP
Apr - Sep, 2024 Results 1,698 156 155 116 32.0 0 Nov 7, 2024 J-GAAP
Revision Rate

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,807 119 125 171 47.9 0 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 2,402 294 295 194 57.5 0 Nov 7, 2024 J-GAAP
YoY +32.9% +147.1% +136.0% +13.5% +20.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,998 585 586 442 124.8 0 May 10, 2023 J-GAAP
Mar, 2024 3,416 423 428 385 107.9 0 May 9, 2024 J-GAAP
Mar, 2025 Guidance 4,100 450 450 310 91.9 0 May 9, 2024 J-GAAP
YoY +20.0% +6.4% +5.1% -19.5% -14.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 880 203 204 143 40.4 23.1 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 834 -47 -37 21 5.9 -5.6 Feb 6, 2024 J-GAAP
Jan - Mar, 2024 973 166 162 150 42.1 17.1 May 9, 2024 J-GAAP
Apr - Jun, 2024 865 78 78 59 16.3 9.0 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 833 78 77 57 15.7 9.4 Nov 7, 2024 J-GAAP
YoY -5.3% -61.6% -62.3% -60.1% -61.1%

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