Broadleaf Co.,Ltd., The Current Fiscal Year Net Income Revised Upward by 39%

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Tue Nov 12, 2024 3:30 pm JST Earnings

3673 Broadleaf Co.,Ltd. 【IFRS】

Earnings Report

Broadleaf Co.,Ltd. <3673> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 12th (15:30). The consolidated net income/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 161 million yen (compared to a loss of 1.02 billion yen in the same period last year).

In addition, the full-year consolidated net income has been revised upward by 38.9%, from the previous forecast of 90 million yen to 125 million yen (compared to a loss of 1.48 billion yen in the previous period).

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the July to December period (second half) is expected to increase by 33.7%, from the previous forecast of 104 million yen to 139 million yen (compared to a loss of 661 million yen in the same period of the previous year).

In the most recent three-month period, from July to September (3Q), the consolidated net income/loss turned to a profit of profit of 175 million yen (compared to a loss of 202 million yen in the same period last year). The operating profit/loss margin drastically improved from -10.7% in the same period last year to 7.3%.

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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	10,067	-1,863	-1,914	-1,433	-16.2	ー	Nov 9, 2022	IFRS
Jan - Sep, 2023	11,249	-1,522	-1,485	-1,028	-11.6	ー	Nov 9, 2023	IFRS
Jan - Sep, 2024	12,958	288	293	161	1.8	83.7	Nov 12, 2024	IFRS
YoY	+15.2%	－	－	－	－

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	9,179	94	84	104	1.2	2	Aug 8, 2024	IFRS
Jul - Dec, 2024 New	9,379	494	334	139	1.6	2	Nov 12, 2024	IFRS
Revision Rate	+2.2%	+425.5%	+297.6%	+33.7%	+33.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	17,600	50	100	90	1.0	2	Aug 8, 2024	IFRS
Dec, 2024 New	17,800	450	350	125	1.4	2	Nov 12, 2024	IFRS
Revision Rate	+1.1%	+800.0%	+250.0%	+38.9%	+38.6%

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	7,995	-791	-819	-661	-7.5	1	Feb 9, 2024	IFRS
Jul - Dec, 2024 Guidance	9,379	494	334	139	1.6	2	Nov 12, 2024	IFRS
YoY	+17.3%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	13,833	-2,897	-3,005	-2,431	-27.5	1	Feb 10, 2023	IFRS
Dec, 2023	15,385	-1,902	-1,921	-1,487	-16.8	1	Feb 9, 2024	IFRS
Dec, 2024 Guidance	17,800	450	350	125	1.4	2	Nov 12, 2024	IFRS
YoY	+15.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	3,859	-411	-383	-202	-2.3	-10.7	Nov 9, 2023	IFRS
Oct - Dec, 2023	4,136	-380	-436	-459	-5.2	-9.2	Feb 9, 2024	IFRS
Jan - Mar, 2024	4,014	-109	-42	-35	-0.4	-2.7	May 9, 2024	IFRS
Apr - Jun, 2024	4,407	65	58	21	0.2	1.5	Aug 8, 2024	IFRS
Jul - Sep, 2024	4,537	332	277	175	2.0	7.3	Nov 12, 2024	IFRS
YoY	+17.6%	－	－	－	－