eREX Co.,Ltd., First Half Net Income Turns to Profit, July-September Net Income Loss Narrows

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Fri Nov 8, 2024 3:30 pm JST Earnings

9517 eREX Co.,Ltd. 【J-GAAP】

Earnings Report

eREX Co.,Ltd. <9517> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 8th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 1.68 billion yen (compared to a loss of 10.6 billion yen in the same period last year). The progress rate against the 1.88 billion yen full-year plan was 89.5%.

In the most recent three-month period, from July to September (2Q), the consolidated net loss improved to a deficit of loss of 60 million yen (compared to a loss of 7.32 billion yen in the same period last year). The operating profit/loss margin drastically improved from -7.9% in the same period last year to 6.5%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	137,577	10,794	7,521	4,522	76.4	49.4	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	120,894	-9,726	-8,684	-10,636	-179.4	ー	Nov 10, 2023	IFRS
Apr - Sep, 2024	83,214	5,144	4,351	1,687	23.5	99.2	Nov 8, 2024	IFRS
YoY	-31.2%	－	－	－	－

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 10, 2024	IFRS
Apr - Sep, 2024 Results	83,214	5,144	4,351	1,687	23.5	0	Nov 8, 2024	IFRS
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	124,083	-10,125	-9,704	-11,621	-196.0	0	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	72,242	234	37	198	2.7	－	Nov 8, 2024	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	296,312	14,823	15,234	9,131	154.3	22	May 12, 2023	J-GAAP
Mar, 2024	244,977	-19,851	-18,388	-22,257	-375.3	0	May 10, 2024	J-GAAP
Mar, 2025 Guidance	155,456	5,378	4,388	1,885	25.4	－	May 10, 2024	IFRS
YoY	－	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	64,992	-5,153	-4,881	-7,324	-123.6	-7.9	Nov 10, 2023	IFRS
Oct - Dec, 2023	63,411	-4,449	-4,637	-4,725	-79.7	-7.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	60,672	-4,698	-4,531	-6,370	-107.4	-7.7	May 10, 2024	J-GAAP
Apr - Jun, 2024	33,440	1,911	3,143	1,747	25.2	5.7	Aug 9, 2024	IFRS
Jul - Sep, 2024	49,774	3,233	1,208	-60	-0.8	6.5	Nov 8, 2024	IFRS
YoY	-23.4%	－	－	+99.2%	+99.3%