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

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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	－	－	－	－	－