RENOVA,Inc., First Half Net Income Turns to Loss, July-September Net Income Turns to Loss

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Thu Nov 7, 2024 3:00 pm JST Earnings

9519 RENOVA,Inc. 【IFRS】

Earnings Report

RENOVA,Inc. <9519> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 7th (15:00). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a loss of 128 million yen (compared to a profit of 2.81 billion yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to nearly flat at 6.02 billion yen, down 0.2% from the same period last year.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 459 million yen (compared to a profit of 1.46 billion yen in the same period last year). The operating profit margin sharply declined from 36.2% in the same period last year to 8.5%.

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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	17,338	7,426	6,494	4,820	61.4	134.5	Nov 7, 2022	IFRS
Apr - Sep, 2023	18,551	6,233	5,346	2,818	35.8	45.1	Nov 7, 2023	IFRS
Apr - Sep, 2024	33,689	2,152	271	-128	-1.4	ー	Nov 7, 2024	IFRS
YoY	+81.6%	-65.5%	-94.9%	－	－

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	ー	ー	ー	ー	－	0	May 8, 2024	IFRS
Apr - Sep, 2024 Results	33,689	2,152	271	-128	-1.4	0	Nov 7, 2024	IFRS
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	26,197	-1,216	6,518	6,039	76.6	0	May 8, 2024	IFRS
Oct - Mar, 2024 Guidance	38,111	-1,152	ー	6,028	66.7	0	Nov 7, 2024	IFRS
YoY	+45.5%	+5.3%	－	-0.2%	-12.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	33,581	8,870	4,829	2,678	34.1	0	May 9, 2023	IFRS
Mar, 2024	44,748	5,017	11,864	8,857	112.3	0	May 8, 2024	IFRS
Mar, 2025 Guidance	71,800	1,000	ー	5,900	65.3	0	May 8, 2024	IFRS
YoY	+60.5%	-80.1%	－	-33.4%	-41.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	8,955	3,245	2,706	1,464	18.6	36.2	Nov 7, 2023	IFRS
Oct - Dec, 2023	11,276	142	3,579	3,166	40.2	1.3	Feb 7, 2024	IFRS
Jan - Mar, 2024	14,921	-1,358	2,939	2,873	36.4	-9.1	May 8, 2024	IFRS
Apr - Jun, 2024	15,157	571	200	331	3.7	3.8	Aug 8, 2024	IFRS
Jul - Sep, 2024	18,532	1,581	71	-459	-5.1	8.5	Nov 7, 2024	IFRS
YoY	+106.9%	-51.3%	-97.4%	－	－