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

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%.

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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%

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