ESCRIT INC., First Half Ordinary Profit Loss Widens, July-September Ordinary Profit Loss Widens

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Tue Nov 12, 2024 3:30 pm JST Earnings

2196 ESCRIT INC. 【J-GAAP】

Earnings Report

ESCRIT INC. <2196> [TSE-S] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 467 million yen (compared to a loss of 343 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 grow by 15.8% from the same period last year, reaching 1.36 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary loss expanded to a loss of 263 million yen (compared to a loss of 72 million yen in the same period last year). The operating profit/loss margin worsened from -1.8% in the same period last year to -4.2%.

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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	10,971	-410	-165	-176	-21.4	ー	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	11,816	-285	-343	-306	-33.8	ー	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	11,457	-416	-467	-324	-35.1	ー	Nov 12, 2024	J-GAAP
YoY	-3.0%	-46.0%	-36.2%	-5.9%	-3.9%

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 14, 2024	J-GAAP
Apr - Sep, 2024 Results	11,457	-416	-467	-324	-35.1	0	Nov 12, 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	14,823	1,214	1,180	925	35.4	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	15,701	1,416	1,367	884	30.3	0	Nov 12, 2024	J-GAAP
YoY	+5.9%	+16.6%	+15.8%	-4.4%	-14.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	24,129	210	452	168	-4.2	0	May 12, 2023	J-GAAP
Mar, 2024	26,639	929	837	619	23.7	0	May 14, 2024	J-GAAP
Mar, 2025 Guidance	27,158	1,000	900	560	19.2	0	May 14, 2024	J-GAAP
YoY	+1.9%	+7.6%	+7.5%	-9.5%	-19.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,054	-110	-72	-82	-9.1	-1.8	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	7,818	985	974	802	32.4	12.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	7,005	229	206	123	4.7	3.3	May 14, 2024	J-GAAP
Apr - Jun, 2024	5,721	-177	-204	-142	-16.1	-3.1	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	5,736	-239	-263	-182	-19.7	-4.2	Nov 12, 2024	J-GAAP
YoY	-5.3%	-117.3%	-265.3%	-122.0%	-118.0%