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DRAFT Inc., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 25 times, July-September Ordinary Profit Increases by 55%

Tue Nov 12, 2024 3:30 pm JST Earnings

5070 DRAFT Inc. 【J-GAAP】

Earnings Report

DRAFT Inc. <5070> [TSE-G] 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) surged by 25 times that of the same period last year, reaching 780 million yen. The progress rate against the 960 million yen full-year plan was 81.3%, also surpassing the progress rate of 3.7% from the same period of the previous year.

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 significant drop by 78.0% from the same period last year to 180 million yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit increased by 54.5% from the same period last year, reaching 221 million yen. The operating profit margin improved from 6.8% in the same period last year to 7.2%.

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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 4,169 -377 -394 -310 -31.0 ー Nov 11, 2022 J-GAAP
Jan - Sep, 2023 6,084 52 31 -21 -2.1 3.7 Nov 13, 2023 J-GAAP
Jan - Sep, 2024 9,671 794 780 469 46.8 81.3 Nov 12, 2024 J-GAAP
YoY +59.0% +1,426.9% +2,416.1% － －

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 6,797 966 960 628 62.6 6 Feb 13, 2024 J-GAAP
Jul - Dec, 2024 Guidance 5,315 401 401 238 23.7 7 Oct 25, 2024 J-GAAP
YoY -21.8% -58.5% -58.2% -62.1% -62.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 8,287 108 87 21 2.1 5 Feb 14, 2023 J-GAAP
Dec, 2023 10,702 870 848 516 51.4 6 Feb 13, 2024 J-GAAP
Dec, 2024 Guidance 12,000 980 960 580 57.8 7 Oct 25, 2024 J-GAAP
YoY +12.1% +12.6% +13.2% +12.4% +12.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,179 148 143 91 9.1 6.8 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 4,618 818 817 537 53.5 17.7 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,777 302 289 185 18.4 10.9 May 13, 2024 J-GAAP
Apr - Jun, 2024 3,908 277 270 157 15.7 7.1 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 2,986 215 221 127 12.7 7.2 Nov 12, 2024 J-GAAP
YoY +37.0% +45.3% +54.5% +39.6% +38.5%

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