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Earth Corporation, The Current Fiscal Year Ordinary Profit Revised Upward by 84%

Mon Nov 11, 2024 3:30 pm JST Earnings

4985 Earth Corporation 【J-GAAP】

Earnings Report

Earth Corporation <4985> [TSE-P] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 11.1% from the same period last year, reaching 11 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 84.0%, from the previous forecast of 3.56 billion yen to 6.55 billion yen (compared to 6.79 billion yen in the previous period), and the declining rate is expected to decrease from 47.6% to 3.5%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit/loss for the July to December period (second half) has been revised upward from an expected loss of 7.77 billion yen to a loss of 4.78 billion yen (compared to a loss of 3.63 billion yen in the same period of the previous year), indicating a reduction in the loss margin.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary loss improved to a deficit of loss of 294 million yen (compared to a loss of 478 million yen in the same period last year). The operating profit/loss margin improved from -1.9% in the same period last year to -0.2%.

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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 124,445 12,013 12,899 8,635 391.6 158.6 Nov 8, 2022 J-GAAP
Jan - Sep, 2023 126,769 9,217 9,944 6,448 291.8 146.4 Nov 9, 2023 J-GAAP
Jan - Sep, 2024 134,858 10,685 11,045 7,236 328.7 168.6 Nov 11, 2024 J-GAAP
YoY +6.4% +15.9% +11.1% +12.2% +12.6%

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 67,905 -7,758 -7,779 -5,853 -268.8 120 Aug 9, 2024 J-GAAP
Jul - Dec, 2024 New 70,905 -4,758 -4,789 -4,343 -199.4 120 Nov 11, 2024 J-GAAP
Revision Rate +4.4% +38.7% +38.4% +25.8% +25.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 165,000 3,000 3,560 1,790 82.2 120 May 10, 2024 J-GAAP
Dec, 2024 New 168,000 6,000 6,550 3,300 151.5 120 Nov 11, 2024 J-GAAP
Revision Rate +1.8% +100.0% +84.0% +84.4% +84.4%

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 68,015 -3,551 -3,631 -2,938 -132.9 118 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 70,905 -4,758 -4,789 -4,343 -199.4 120 Nov 11, 2024 J-GAAP
YoY +4.2% -34.0% -31.9% -47.8% -50.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 152,339 7,434 8,133 5,303 240.5 118 Feb 13, 2023 J-GAAP
Dec, 2023 158,344 6,370 6,791 4,102 185.6 118 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 168,000 6,000 6,550 3,300 151.5 120 Nov 11, 2024 J-GAAP
YoY +6.1% -5.8% -3.5% -19.6% -18.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 36,440 -704 -478 -592 -26.8 -1.9 Nov 9, 2023 J-GAAP
Oct - Dec, 2023 31,575 -2,847 -3,153 -2,346 -106.1 -9.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 42,049 4,978 5,148 3,530 159.5 11.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 55,046 5,780 6,191 4,113 185.9 10.5 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 37,763 -73 -294 -407 -18.5 -0.2 Nov 11, 2024 J-GAAP
YoY +3.6% +89.6% +38.5% +31.3% +31.0%

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