SuRaLa Net Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 41%, Exceeds Full-Year Plan

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Fri Nov 8, 2024 3:30 pm JST Earnings

3998 SuRaLa Net Co.,Ltd. 【J-GAAP】

Earnings Report

SuRaLa Net Co.,Ltd. <3998> [TSE-G] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) dropped by 40.6% from the same period last year to 184 million yen. The progress rate against the full-year plan of 167 million yen is 110.2%, already exceeding the target and also exceeding the five-year average of 80.6%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 17 million yen (compared to a profit of 82 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit dropped to 67 million yen, a 46.0% decrease compared to the same period last year. The operating profit margin significantly dropped from 22.6% in the same period last year to 13.2%.

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	1,607	426	453	298	44.6	90.4	Nov 4, 2022	J-GAAP
Jan - Sep, 2023	1,588	306	310	222	33.8	79.1	Nov 2, 2023	J-GAAP
Jan - Sep, 2024	1,458	180	184	43	6.7	110.2	Nov 8, 2024	J-GAAP
YoY	-8.2%	-41.2%	-40.6%	-80.6%	-80.2%

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	1,102	204	206	169	25.7	0	Feb 2, 2024	J-GAAP
Jul - Dec, 2024 Guidance	987	45	50	95	14.7	0	Aug 2, 2024	J-GAAP
YoY	-10.4%	-77.9%	-75.7%	-43.8%	-42.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,147	475	501	355	53.1	0	Feb 3, 2023	J-GAAP
Dec, 2023	2,145	387	392	304	46.3	0	Feb 2, 2024	J-GAAP
Dec, 2024 Guidance	1,954	160	167	88	13.7	0	Aug 2, 2024	J-GAAP
YoY	-8.9%	-58.7%	-57.4%	-71.1%	-70.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	545	123	124	87	13.3	22.6	Nov 2, 2023	J-GAAP
Oct - Dec, 2023	557	81	82	82	12.5	14.5	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	499	83	85	62	9.6	16.6	May 2, 2024	J-GAAP
Apr - Jun, 2024	468	32	32	-69	-10.9	6.8	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	491	65	67	50	7.8	13.2	Nov 8, 2024	J-GAAP
YoY	-9.9%	-47.2%	-46.0%	-42.5%	-41.4%