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Sockets Inc., First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Loss Widens

Thu Nov 7, 2024 4:45 pm JST Earnings

3634 Sockets Inc. 【J-GAAP】

Earnings Report

Sockets Inc. <3634> [TSE-S] announced its financial results after the market closed on November 7th (16:45). The ordinary loss (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 81 million yen (compared to a loss of 47 million 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 ordinary profit/loss for the October to March period (second half) is expected to turn into a profit of 96 million yen (compared to a loss of 31 million yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the ordinary loss expanded to a loss of 36 million yen (compared to a loss of 31 million yen in the same period last year). However, the operating profit/loss margin improved from -14.5% in the same period last year to -13.9%.

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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 452 -55 -55 -40 -16.6 ー Nov 4, 2022 J-GAAP
Apr - Sep, 2023 484 -51 -47 -46 -19.1 ー Nov 8, 2023 J-GAAP
Apr - Sep, 2024 483 -81 -81 -71 -29.1 ー Nov 7, 2024 J-GAAP
YoY -0.2% -58.8% -72.3% -54.3% -52.5%

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 483 -81 -81 -71 -29.1 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 534 -28 -31 -54 -22.1 3 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 687 96 96 79 32.2 3 Nov 7, 2024 J-GAAP
YoY +28.7% － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 994 -30 -29 -26 -11.0 3 May 11, 2023 J-GAAP
Mar, 2024 1,018 -79 -78 -100 -40.9 3 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,170 15 15 8 3.3 3 May 10, 2024 J-GAAP
YoY +14.9% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 241 -35 -31 -31 -12.9 -14.5 Nov 8, 2023 J-GAAP
Oct - Dec, 2023 239 -31 -31 -32 -13.1 -13.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 295 3 0 -22 -9.0 1.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 232 -46 -45 -37 -15.1 -19.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 251 -35 -36 -34 -14.0 -13.9 Nov 7, 2024 J-GAAP
YoY +4.1% 0.0% -16.1% -9.7% -8.3%

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