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Starts Publishing Corporation, July-September (3Q) Ordinary Profit Decreases by 20%

Mon Nov 11, 2024 3:00 pm JST Earnings

7849 Starts Publishing Corporation 【J-GAAP】

Earnings Report

Starts Publishing Corporation <7849> [TSE-S] announced its financial results in the afternoon session on November 11th (15:00). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending December 2024 (January to September) was 1.74 billion yen, a 1.1% decrease compared to the same period last year. The progress rate against the 2.5 billion yen full-year plan was 69.8%, almost the same as the five-year average of 69.1%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to December period (4Q) is expected to grow by 25.2% from the same period last year, reaching 754 million yen.

In the most recent three-month period, from July to September (3Q), the ordinary profit decreased to 488 million yen, a 19.6% decrease compared to the same period last year. The operating profit margin decreased from 29.1% in the same period last year to 23.9%.

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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 4,901 1,092 1,191 736 191.7 70.1 Nov 10, 2022 J-GAAP
Jan - Sep, 2023 6,053 1,686 1,765 1,316 343.0 74.6 Nov 9, 2023 J-GAAP
Jan - Sep, 2024 6,301 1,659 1,746 1,296 337.8 69.8 Nov 11, 2024 J-GAAP
YoY +4.1% -1.6% -1.1% -1.5% -1.5%

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 4,363 1,191 1,209 879 229.1 60 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 4,220 1,224 1,242 858 223.5 30 Aug 8, 2024 J-GAAP
YoY -3.3% +2.8% +2.7% -2.4% -2.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 7,023 1,586 1,699 1,167 304.1 30 Feb 13, 2023 J-GAAP
Dec, 2023 8,341 2,273 2,367 1,777 463.1 60 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 8,500 2,400 2,500 1,820 474.0 60 Feb 13, 2024 J-GAAP
YoY +1.9% +5.6% +5.6% +2.4% +2.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,075 604 607 418 108.9 29.1 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 2,288 587 602 461 120.1 25.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,218 667 671 482 125.7 30.1 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,062 509 587 480 125.1 24.7 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 2,021 483 488 334 87.0 23.9 Nov 11, 2024 J-GAAP
YoY -2.6% -20.0% -19.6% -20.1% -20.1%

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