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SORACOM,INC., First Half Ordinary Profit Decreases by 51%, July-September Ordinary Profit Decreases by 45%

Thu Nov 7, 2024 3:30 pm JST Earnings

147A SORACOM,INC.

Earnings Report

SORACOM,INC. <147A> [TSE-G] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 50.7% from the same period last year to 99 million yen. The progress rate against the 913 million yen full-year plan was 10.8%, also falling below the same period of the previous year of 31.5%.

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 expand by 86.3% from the same period last year, reaching 814 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 75 million yen, a 44.9% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.8% in the same period last year to 0.4%.

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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, 2024 3,670 102 99 44 1.0 10.8 Nov 7, 2024 J-GAAP
YoY － － － － －

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 10, 2024 J-GAAP
Apr - Sep, 2024 Results 3,670 102 99 44 1.0 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 4,711 486 437 399 10.4 0 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,242 823 814 642 14.2 0 Nov 7, 2024 J-GAAP
YoY +32.5% +69.3% +86.3% +60.9% +37.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,928 727 638 485 12.6 0 May 10, 2024 J-GAAP
Mar, 2025 Guidance 9,912 925 913 686 15.2 0 May 10, 2024 J-GAAP
YoY +25.0% +27.2% +43.1% +41.4% +20.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 2,474 83 6 29 0.8 3.4 May 10, 2024 J-GAAP
Apr - Jun, 2024 1,891 94 24 2 0.1 5.0 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 1,779 8 75 42 0.9 0.4 Nov 7, 2024 J-GAAP
YoY － － － － －

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