Medical Data Vision Co.,Ltd., The Current Fiscal Year Ordinary Profit Revised Downward by 75%

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Mon Nov 11, 2024 3:30 pm JST Earnings

3902 Medical Data Vision Co.,Ltd. 【J-GAAP】

Earnings Report

Medical Data Vision Co.,Ltd. <3902> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 229 million yen (compared to a profit of 1.06 billion yen in the same period last year).

In addition, the full-year consolidated ordinary profit has downwardly by 74.7%, from the previous forecast of 1.54 billion yen to 390 million yen (compared to 1.7 billion yen in the previous period), leading to an increase in the profit decline rate from 9.4% to 77.1%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has downwardly by 73.2%, from the previous forecast of 1.57 billion yen to 422 million yen (compared to 1 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 57.8% decrease in profit.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a loss of 197 million yen (compared to a profit of 363 million yen in the same period last year). The operating profit/loss margin drastically worsened from 26.4% in the same period last year to -12.3%.

Kabutan News

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	4,327	1,165	1,156	775	20.3	66.1	Nov 14, 2022	J-GAAP
Jan - Sep, 2023	4,487	1,111	1,063	659	17.3	62.5	Nov 13, 2023	J-GAAP
Jan - Sep, 2024	4,125	-140	-229	-314	-8.2	ー	Nov 11, 2024	J-GAAP
YoY	-8.1%	－	－	－	－

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	5,220	1,604	1,572	1,086	28.6	6.50	Aug 8, 2024	J-GAAP
Jul - Dec, 2024 New	3,820	484	422	266	7.0	6.50	Nov 11, 2024	J-GAAP
Revision Rate	-26.8%	-69.8%	-73.2%	-75.5%	-75.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	8,000	1,630	1,540	1,000	26.4	6.50	Feb 13, 2024	J-GAAP
Dec, 2024 New	6,600	510	390	180	4.8	6.50	Nov 11, 2024	J-GAAP
Revision Rate	-17.5%	-68.7%	-74.7%	-82.0%	-82.0%

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	3,417	1,051	1,000	534	14.0	6.50	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	3,820	484	422	266	7.0	6.50	Nov 11, 2024	J-GAAP
YoY	+11.8%	-53.9%	-57.8%	-50.2%	-49.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	6,104	1,758	1,750	870	22.8	6	Feb 13, 2023	J-GAAP
Dec, 2023	6,419	1,770	1,700	979	25.6	6.50	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	6,600	510	390	180	4.8	6.50	Nov 11, 2024	J-GAAP
YoY	+2.8%	-71.2%	-77.1%	-81.6%	-81.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,485	392	363	214	5.6	26.4	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	1,932	659	637	320	8.4	34.1	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	1,388	53	22	-15	-0.4	3.8	May 13, 2024	J-GAAP
Apr - Jun, 2024	1,392	-27	-54	-71	-1.9	-1.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	1,345	-166	-197	-228	-6.0	-12.3	Nov 11, 2024	J-GAAP
YoY	-9.4%	－	－	－	－