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

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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%.

Kabutan News

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%