Striders Corporation, First Half Ordinary Profit Turns to Loss, July-September Ordinary Profit Loss Widens

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Mon Nov 11, 2024 3:30 pm JST Earnings

9816 Striders Corporation 【J-GAAP】

Earnings Report

Striders Corporation <9816> [TSE-S] 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 loss of 45 million yen (compared to a profit of 15 million yen in the same period last year).

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to surge by 2.2 times that of the same period last year, reaching 185 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 80 million yen (compared to a loss of 15 million yen in the same period last year). The operating profit/loss margin remained almost flat, changing from -1.6% in the same period last year to -1.9%.

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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	3,587	26	95	41	5.0	40.9	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	3,751	-24	15	-1	-0.1	14.9	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	3,814	-32	-45	-48	-5.9	ー	Nov 11, 2024	J-GAAP
YoY	+1.7%	-33.3%	－	-4,700.0%	-4,121.4%

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 15, 2024	J-GAAP
Apr - Sep, 2024 Results	3,814	-32	-45	-48	-5.9	0	Nov 11, 2024	J-GAAP
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	3,929	73	86	83	10.0	5	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	3,886	132	185	148	18.3	5	Nov 11, 2024	J-GAAP
YoY	-1.1%	+80.8%	+115.1%	+78.3%	+82.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	7,371	144	232	118	14.0	5	May 15, 2023	J-GAAP
Mar, 2024	7,680	49	101	82	9.9	5	May 15, 2024	J-GAAP
Mar, 2025 Guidance	7,700	100	140	100	12.3	5	May 15, 2024	J-GAAP
YoY	+0.3%	+104.1%	+38.6%	+22.0%	+24.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,905	-31	-15	-11	-1.5	-1.6	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	1,928	14	8	3	0.5	0.7	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	2,001	59	78	80	9.7	2.9	May 15, 2024	J-GAAP
Apr - Jun, 2024	1,935	3	35	18	2.3	0.2	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	1,879	-35	-80	-66	-8.1	-1.9	Nov 11, 2024	J-GAAP
YoY	-1.4%	-12.9%	-433.3%	-500.0%	-427.9%