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

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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%