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BROAD ENTERPRISE CO., LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 81%, July-September Ordinary Profit Increases by 54%

Thu Nov 7, 2024 4:00 pm JST Earnings

4415 BROAD ENTERPRISE CO., LTD. 【J-GAAP】

Earnings Report

BROAD ENTERPRISE CO., LTD. <4415> [TSE-G] announced its financial results after the market closed on November 7th (16:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 320 million yen, an increase of 80.8% compared to the same period last year. The progress rate against the 500 million yen full-year plan was 64.0%, exceeding the same period of the previous year of 48.8%.

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 decrease by 3.2% from the same period last year to 180 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit increased by 53.8% from the same period last year, reaching 100 million yen. The operating profit margin improved from 8.4% in the same period last year to 10.8%.

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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 1,834 -19 -154 -120 -20.8 ー Nov 14, 2022 J-GAAP
Jan - Sep, 2023 2,595 220 177 204 35.0 48.8 Nov 8, 2023 J-GAAP
Jan - Sep, 2024 3,142 445 320 208 34.4 64.0 Nov 7, 2024 J-GAAP
YoY +21.1% +102.3% +80.8% +2.0% -1.9%

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 2,270 363 251 165 28.3 0 Feb 14, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,676 453 280 189 31.2 － Aug 8, 2024 J-GAAP
YoY +17.9% +24.8% +11.6% +14.5% +10.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 2,992 289 125 77 13.4 0 Feb 14, 2023 J-GAAP
Dec, 2023 3,957 507 363 327 56.0 0 Feb 14, 2024 J-GAAP
Dec, 2024 Guidance 4,800 788 500 333 54.9 － Feb 14, 2024 J-GAAP
YoY +21.3% +55.4% +37.7% +1.8% -2.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 908 76 65 42 7.2 8.4 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 1,362 287 186 123 21.1 21.1 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 1,049 151 50 32 5.3 14.4 May 13, 2024 J-GAAP
Apr - Jun, 2024 1,075 184 170 112 18.5 17.1 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 1,018 110 100 64 10.6 10.8 Nov 7, 2024 J-GAAP
YoY +12.1% +44.7% +53.8% +52.4% +46.6%

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