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SPACE CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 79%
9622 SPACE CO.,LTD. 【J-GAAP】
Earnings ReportSPACE CO.,LTD. <9622> [TSE-P] announced its financial results after the market closed on November 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 2.62 billion yen, an increase of 79.4% compared to the same period last year. The progress rate against the 3.49 billion yen full-year plan was 75.2%, also surpassing the five-year average of 67.6%.
Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to decrease by 25.0% from the same period last year to 865 million yen.
In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit amounted to 427 million yen, an increase of 2.2% compared to the same period last year. However, the operating profit margin worsened from 3.8% in the same period last year to 2.9%.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jan - Sep, 2022 | 34,177 | 1,503 | 1,523 | 966 | 39.3 | 71.6 | Nov 9, 2022 | J-GAAP |
Jan - Sep, 2023 | 36,843 | 1,436 | 1,463 | 841 | 34.3 | 55.9 | Nov 8, 2023 | J-GAAP |
Jan - Sep, 2024 | 45,744 | 2,597 | 2,625 | 1,786 | 72.9 | 75.2 | Nov 12, 2024 | J-GAAP |
YoY | +24.2% | +80.8% | +79.4% | +112.4% | +112.5% |
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 | 26,825 | 1,549 | 1,571 | 1,159 | 47.3 | 22 | Feb 13, 2024 | J-GAAP |
Jul - Dec, 2024 Guidance | 30,279 | 1,297 | 1,292 | 869 | 35.5 | 30 | Nov 8, 2024 | J-GAAP |
YoY | +12.9% | -16.3% | -17.8% | -25.0% | -25.0% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Dec, 2022 | 46,707 | 2,096 | 2,126 | 1,394 | 56.7 | 36 | Feb 10, 2023 | J-GAAP |
Dec, 2023 | 52,793 | 2,574 | 2,616 | 1,685 | 68.8 | 40 | Feb 13, 2024 | J-GAAP |
Dec, 2024 Guidance | 61,400 | 3,470 | 3,490 | 2,330 | 95.1 | 50 | Nov 8, 2024 | J-GAAP |
YoY | +16.3% | +34.8% | +33.4% | +38.3% | +38.3% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Jul - Sep, 2023 | 10,875 | 411 | 418 | 315 | 12.9 | 3.8 | Nov 8, 2023 | J-GAAP |
Oct - Dec, 2023 | 15,950 | 1,138 | 1,153 | 844 | 34.4 | 7.1 | Feb 13, 2024 | J-GAAP |
Jan - Mar, 2024 | 15,835 | 1,425 | 1,437 | 971 | 39.7 | 9.0 | May 13, 2024 | J-GAAP |
Apr - Jun, 2024 | 15,286 | 748 | 761 | 490 | 20.0 | 4.9 | Aug 7, 2024 | J-GAAP |
Jul - Sep, 2024 | 14,623 | 424 | 427 | 325 | 13.3 | 2.9 | Nov 12, 2024 | J-GAAP |
YoY | +34.5% | +3.2% | +2.2% | +3.2% | +3.3% |
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