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

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%

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