SOCIALWIRE CO.,LTD., The Current Fiscal Year Ordinary Profit Revised Downward by 15%

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Mon Nov 11, 2024 3:30 pm JST Earnings

3929 SOCIALWIRE CO.,LTD. 【J-GAAP】

Earnings Report

SOCIALWIRE CO.,LTD. <3929> [TSE-G] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) turned into a profit of 1 million yen (compared to a loss of 78 million yen in the same period last year).

However, the full-year consolidated ordinary profit has downwardly by 15.4%, from the previous forecast of 65 million yen to 55 million yen (compared to a loss of 27 million yen in the previous period). However, the full-year consolidated net income has been revised upward by 2.9 times, from the previous forecast of 45 million yen to 130 million yen (compared to a loss of 146 million yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 5.9% from the same period last year, reaching 54 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of profit of 9 million yen (compared to a loss of 24 million yen in the same period last year). The operating profit/loss margin significantly improved from -1.3% in the same period last year to 2.4%.

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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	2,302	-184	-176	-149	-25.0	ー	Nov 4, 2022	J-GAAP
Apr - Sep, 2023	2,160	-63	-78	-227	-38.0	ー	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	1,467	50	1	85	9.7	1.8	Nov 11, 2024	J-GAAP
YoY	-32.1%	－	－	－	－

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 13, 2024	J-GAAP
Apr - Sep, 2024 Results	1,467	50	1	85	9.7	0	Nov 11, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	2,890	100	65	45	3.8	0	May 13, 2024	J-GAAP
Mar, 2025 New	2,795	105	55	130	11.1	0	Nov 11, 2024	J-GAAP
Revision Rate	-3.3%	+5.0%	-15.4%	+188.9%	+189.1%

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	1,509	61	51	81	13.6	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,328	55	54	45	3.8	0	Nov 11, 2024	J-GAAP
YoY	-12.0%	-9.8%	+5.9%	-44.4%	-71.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	4,769	-211	-201	-876	-146.8	0	May 22, 2023	J-GAAP
Mar, 2024	3,669	-2	-27	-146	-24.5	0	May 13, 2024	J-GAAP
Mar, 2025 Guidance	2,795	105	55	130	11.1	0	Nov 11, 2024	J-GAAP
YoY	-23.8%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,022	-13	-24	-174	-29.1	-1.3	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	762	15	8	105	17.7	2.0	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	747	46	43	-24	-4.0	6.2	May 13, 2024	J-GAAP
Apr - Jun, 2024	716	32	-8	-5	-0.9	4.5	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	751	18	9	90	10.2	2.4	Nov 11, 2024	J-GAAP
YoY	-26.5%	－	－	－	－