Neural Group Inc., January-September (Third Quarter Cumulative) Net Income Loss Narrows, July-September Net Income Loss Narrows

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Fri Nov 8, 2024 3:30 pm JST Earnings

4056 Neural Group Inc. 【J-GAAP】

Earnings Report

Neural Group Inc. <4056> [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 153 million yen (compared to a loss of 601 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 income/loss for the October to December period (4Q) is expected to turn into a profit of 33 million yen (compared to a loss of 49 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated net loss improved to a deficit of loss of 8 million yen (compared to a loss of 237 million yen in the same period last year). The operating profit/loss margin drastically improved from -23.0% in the same period last year to 2.6%.

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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	1,887	-309	-293	-872	60.9	ー	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	2,194	-624	-644	-601	-40.6	ー	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	2,568	-81	-100	-153	-10.0	ー	Nov 8, 2024	J-GAAP
YoY	+17.0%	+87.0%	+84.5%	+74.5%	+75.3%

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	1,803	-222	-234	-286	-19.2	0	Feb 14, 2024	J-GAAP
Jul - Dec, 2024 Guidance	2,039	135	120	25	1.6	0	Aug 9, 2024	J-GAAP
YoY	+13.1%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,878	-311	-307	-909	-63.3	0	Feb 10, 2023	J-GAAP
Dec, 2023	3,178	-658	-686	-650	-43.7	0	Feb 14, 2024	J-GAAP
Dec, 2024 Guidance	3,700	30	0	-120	-7.8	0	Feb 14, 2024	J-GAAP
YoY	+16.4%	－	－	+81.5%	+82.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	819	-188	-192	-237	-16.0	-23.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	984	-34	-42	-49	-3.3	-3.5	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	780	-100	-114	-109	-7.2	-12.8	May 14, 2024	J-GAAP
Apr - Jun, 2024	881	-5	-6	-36	-2.3	-0.6	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	907	24	20	-8	-0.5	2.6	Nov 8, 2024	J-GAAP
YoY	+10.7%	－	－	+96.6%	+96.8%