Medrx Co.,Ltd., July-September (3Q) Net Income Loss Widens

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Fri Nov 8, 2024 3:30 pm JST Earnings

4586 Medrx Co.,Ltd. 【J-GAAP】

Earnings Report

Medrx Co.,Ltd. <4586> [TSE-G] announced its financial results after the market closed on November 8th (15:30). The consolidated net loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was a reduced loss of 320 million yen (compared to a loss of 671 million yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the October to December period (4Q) is expected to expand to a loss of 526 million yen (compared to a loss of 261 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net loss expanded to a loss of 259 million yen (compared to a loss of 190 million yen in the same period last year). The operating profit/loss margin drastically worsened from -834.8% in the same period last year to -1016.7%.

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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	9	-621	-636	-635	-25.8	ー	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	29	-670	-668	-671	-20.0	ー	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	255	-379	-343	-320	-7.6	ー	Nov 8, 2024	J-GAAP
YoY	+779.3%	+43.4%	+48.7%	+52.3%	+62.0%

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	23	-455	-450	-451	-13.0	0	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	28	-784	-784	-785	-16.6	0	Aug 9, 2024	J-GAAP
YoY	+21.7%	-72.3%	-74.2%	-74.1%	-27.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	59	-1,098	-1,112	-1,111	-43.8	0	Feb 10, 2023	J-GAAP
Dec, 2023	29	-933	-930	-932	-26.8	0	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	259	-919	-868	-846	-17.9	0	Aug 9, 2024	J-GAAP
YoY	+793.1%	+1.5%	+6.7%	+9.2%	+33.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	23	-192	-188	-190	-5.7	-834.8	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	0	-263	-262	-261	-7.5	-Inf	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	0	-176	-127	-128	-3.3	-Inf	May 10, 2024	J-GAAP
Apr - Jun, 2024	231	41	43	67	1.7	17.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	24	-244	-259	-259	-6.2	-1,016.7	Nov 8, 2024	J-GAAP
YoY	+4.3%	-27.1%	-37.8%	-36.3%	-8.7%