SOLXYZ Co.,Ltd., January-September (Third Quarter Cumulative) Ordinary Profit Decreases by 35%, July-September Ordinary Profit Decreases by 19%

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Fri Nov 8, 2024 3:30 pm JST Earnings

4284 SOLXYZ Co.,Ltd. 【J-GAAP】

Earnings Report

SOLXYZ Co.,Ltd. <4284> [TSE-S] 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 35.4% from the same period last year to 605 million yen. The progress rate against the 1 billion yen full-year plan was 60.5%, also falling below the five-year average of 66.3%.

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 for the October to December period (4Q) is expected to expand by 49.1% from the same period last year, reaching 395 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 224 million yen, a 19.1% decrease compared to the same period last year. The operating profit margin worsened from 6.7% in the same period last year to 5.4%.

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	10,212	680	701	368	15.1	66.4	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	11,859	901	937	644	26.5	78.0	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	11,691	561	605	330	13.6	60.5	Nov 8, 2024	J-GAAP
YoY	-1.4%	-37.7%	-35.4%	-48.8%	-48.7%

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	8,165	520	542	270	11.1	12	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	8,397	648	619	292	12.0	12	Aug 9, 2024	J-GAAP
YoY	+2.8%	+24.6%	+14.2%	+8.1%	+8.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	13,986	1,029	1,056	564	23.2	12	Feb 10, 2023	J-GAAP
Dec, 2023	15,883	1,145	1,202	753	31.0	12	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	16,200	1,000	1,000	500	20.6	12	Feb 9, 2024	J-GAAP
YoY	+2.0%	-12.7%	-16.8%	-33.6%	-33.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	4,141	276	277	161	6.6	6.7	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	4,024	244	265	109	4.5	6.1	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	3,818	169	169	78	3.2	4.4	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,985	183	212	130	5.4	4.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	3,888	209	224	122	5.0	5.4	Nov 8, 2024	J-GAAP
YoY	-6.1%	-24.3%	-19.1%	-24.2%	-24.0%